Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
1857
Sq.Footage
3,560
220 3rd Street SE presents a rare opportunity to acquire a boutique four-unit apartment building in the heart of Capitol Hill, just blocks from the U.S. Capitol Campus and Capitol South Metro. The property features four spacious one-bedroom apartments, a rear off-street parking space, and stable in-place income with value-add potential through future renovations and lease turnover. Unit 1 (main floor/first level) and Unit 2 (second floor) are both leased out as shorter-term rentals, averaging 2 to 4 months per stay with almost no vacancy between leases. One or both of these units could potentially be delivered vacant if desired by a buyer. Recent capital improvements to the building include a new TPO roof (2017) and front brick repointing (2022). With gross rental income exceeding $9,000 per month on a fully occupied basis, premier walkability to Capitol Hill's dining, retail, and Metro amenities, and Rent Control and TOPA exemptions, this offering combines strong income potential with an irreplaceable location.
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Above Grade Finished Area
2580.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Window Unit(s), Electric
-
Heating YN
YES
-
Heating
Natural Gas, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Off Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.03
-
Lot Size(square feet)
1,307
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Victorian
Price
-
Sales Price
$1,350,000
-
Tax Amount
$15,156.69
-
Sq. Footage
3,560
-
Price/SqFt
$379
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
WASHINGTON
Elementary School
Middle School
High School
Listing Courtesy of Christian Barreiro , Horvath & Tremblay MD, LLC
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AGENT
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