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Backup Offers

1515 Isherwood St NE, Washington, DC, 20002

$840,000

Home List Price

$9,975*

Closing Credit

0 Baths
3,270 SqFt
$257/SqFt
Multi

Location

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1515 Isherwood St NE, Washington$840,000

Buyer Closing Credits

$9,975*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingFree, On Street
Year Built1937
HeatingHot Water
CoolingWindow Unit(s), Central Air
BasementYes
MLS #DCDC2144866
Lot Size0.07 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 1515 Isherwood St NE

Nestled in the Old City 1 subdivision, this property enjoys the location near the vibrant H Street Corridor, Ivy City, and Union Market, offering residents both convenience and charm. Spanning 3,270 square feet on a 0.07-acre parcel, the building comprises 2 two-bedroom/one-bath units, and 2 one-bedroom/one bath units, with two of the units being recently renovated. Recent updates include new flooring, two new water heaters, and an updated roof in 2021. The property also benefits from ample street parking, adding to its attractiveness for tenants. Currently, two units are occupied by voucher tenants, with the DC government paying $2,637 per month for each unit. The owner covers the utilities. The remaining units present an excellent opportunity for immediate lease-up, projecting a potential CAP rate of over 10% once fully occupied! Situated at 1515 Isherwood St NE, Washington, DC 20002, the property boasts excellent connectivity. The closest metro stations, Stadium-Armory (Blue, Orange, and Silver lines) and Minnesota Ave (Orange line), along with multiple WMATA bus routes, provide seamless access throughout the city. The neighborhood is pedestrian-friendly, with well-maintained sidewalks and crosswalks facilitating easy walking access to nearby amenities and transit options. This offering presents a rare chance to acquire a well-located, updated property with strong income potential in a thriving Washington, DC neighborhood. This is a SHORT SALE. All offers are contingent upon third-party approval from the lender. Please submit your offers by Friday, June 21st or before. For more information and to schedule a showing, please contact the showing contact only!

Property Details

Property Features

Property Information:

  • Architectural Style: Other, Traditional
  • Year Built: 1937
  • Living Area: 3,270 SqFt

Listing Office:

  • Office Name: Marcus & Millichap Real Estate
  • Office Phone: (202) 536-3700
  • Listing Agent: Brian C Hosey

Interior Features

Interior Information:

  • Appliances: Oven, Gas Range, Refrigerator
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Carpet, Vinyl

Exterior Features

Parking Information:

  • Parking: Free, On Street

Lot Features

Lot Information:

  • Lot: Front Yard
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Hot Water
  • Cooling: Window Unit(s), Central Air

Other

Directions Information:

  • Directions: Navigate to Benning Road NE and turn onto 15th Street NE. Continue on 15th Street until you reach Isherwood Street NE. Turn onto Isherwood Street NE, and 1515 will be on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $840,000
  • Price Per SqFt: $257/SqFt

Tax Information:

  • Annual Amount: $6,411
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Washington, DC.

Med. Sold Price

$672.3K

Med. Price/SqFt

$511

Avg. Days On Market

43

# of Sold Homes

485

1515 Isherwood St NE vs Washington

172 DAYS ON ROCKET

+129 Days

$840,000

+$167.6K More

$257/SqFt

-$254 Less

KEY TAKEAWAY

This property is $167.6K more than the Median Sold Price and $254/SqFt less than other homes in Washington, DC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DCDC2144866

Listing Office:

  • Office Name: Marcus & Millichap Real Estate
  • Office Phone: (202) 536-3700
  • Listing Agent: Brian C Hosey

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/24/2024, 6:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 15, 2019Home Sold
$1,445,000
Aug 23, 2012Home Sold
$400,000

Tax History

YEARPROP. TAXASSESSMENT
2020$6,411$754,210
2019$5,272$708,140
2018$4,804$676,040
2017$4,375$635,480

History based on county public records data.

Payment Calculator

$4,260

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,585

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1099523
3
/10
  • Miner Elementary School

  • 601 15th St NE

  • 0.15 miles

  • Public District Grades EE-5

school-card-donut-1099524
8
/10
  • Maury Elementary School

  • 1250 Constitution Ave NE

  • 0.37 miles

  • Public District Grades EE-5

school-card-donut-1099525
8
/10
  • Payne Elementary School

  • 1445 C St SE

  • 0.71 miles

  • Public District Grades EE-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,851. Most Washington, DC residents have annual incomes less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas


Rocket Homes›District of Columbia›Washington›20002›1515 Isherwood St NE

This home is located at 1515 Isherwood St NE in Washington, DC and zip code 20002 in the Kingman Park neighborhood. This 3,270 square foot home, which was built in 1937, sits on a 0.07 acre lot. It has been listed on Rocket Homes since June 04, 2024 and is currently priced at $840,000.

In October 2024 more than 142 listings in Washington, DC were sold above the asking price. During the same period more than 118 listings were sold at asking price, while more than 225 were sold below. The number of listings in Washington, DC increased by 21.3% between September 2024 and October 2024. The median list price of listings available in October 2024 was $672,329, while the average time on the real estate market was 43 days.

From Rocket Homes Real Estate and based on county public records data.

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