Discover a prime investment opportunity in Hillcrest, DC with this fully renovated 4-unit property, currently fully occupied and generating robust income. Over $550,000 has been invested in renovating this turnkey gem, which boasts sleek laminate floors, elegant granite countertops, stainless steel appliances, and convenient washer and dryer hookups in every unit. Additionally, it features a paid-off solar system valued at over $56,000 and will convey for the right offer. The property includes two 2-bedroom units and two 3-bedroom units, delivering a current monthly rental income of $7,703 and an additional $8,000+ annually from owned solar panels. Located just across the river from Capitol Hill, residents enjoy vibrant city life combined with a tranquil retreat. Proximity to public transportation further enhances its appeal. Tenants cover all utility costs. Additionally, if desired, one unit can be vacated for owner occupancy. Seize the chance to add this high-performing, income-generating property to your investment portfolio, offering both immediate returns and long-term appreciation.
Property Details
Property Features
Property Information:
Architectural Style: Colonial
Year Built: 1940
Living Area: 2,720 SqFt
Listing Office:
Office Name: RE/MAX Allegiance
Office Phone: (703) 237-9500
Listing Agent: Sebrin Adem
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.09 Acres
Utilities
Utilities Information:
Heating: Other
Cooling: Multi Unit(s)
Other
Directions Information:
Directions: From downtown DC, take Pennsylvania Ave Eastbound. Turn Left on Minnesota Ave, SE. Turn left onto Nelson Place, SE
Price Information
Listing Price Info
Price Summary:
List Price: $1,150,000
Price Per SqFt: $423/SqFt
Tax Information:
Annual Amount: $22,187
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Washington, DC.
This property is $473.9K more than the Median Sold Price and $88/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: #DCDC2154388
Listing Office:
Office Name: RE/MAX Allegiance
Office Phone: (703) 237-9500
Listing Agent: Sebrin Adem
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.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Randle Highlands Elementary School
1650 30th St SE
Distance between this listing and this school0.44 miles
Public District Grades EE-5
3
/10
Orr Elementary School
2200 Minnesota Ave SE
Distance between this listing and this school0.52 miles
Public District Grades EE-5
4
/10
Kimball Elementary School
3375 Minnesota Ave SE
Distance between this listing and this school0.68 miles
Public District Grades EE-5
Nearby Schools
2
/10
Kramer Middle School
1700 Q St SE
Distance between this listing and this school0.82 miles
Public District Grades 6-8
3
/10
Sousa Middle School
3650 Ely Pl SE
Distance between this listing and this school0.88 miles
Public District Grades 6-8
3
/10
Friendship Public Charter School - Chamberlain Middle School
1345 Potomac Ave SE
Distance between this listing and this school1.11 miles
Public Charter Grades 4-8
Nearby Schools
4
/10
Anacostia High School
1601 16th St SE
Distance between this listing and this school0.98 miles
Public District Grades 9-12
2
/10
Eastern High School
1700 E Capitol St NE
Distance between this listing and this school1.20 miles
Public District Grades 9-12
5
/10
The Seed Public Charter School of Washington Dc
4300 C St SE
Distance between this listing and this school1.31 miles
The neighbors living near this home have an average income of $28,582. Residents of Washington, DC typically earn less than $35k each year. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
This home is located at 2928 Nelson Pl SE in Washington, DC and zip code 20019 in the Greenway neighborhood. This 2,720 square foot home, which was built in 1940, sits on a 0.09 acre lot. It has been listed on Rocket Homes since August 12, 2024 and is currently priced at $1,150,000.
While more than 85 listings in Washington, DC in November 2024 were sold above asking price, there were more than 83 listings sold at asking price, and more than 219 were sold below. The inventory of homes for sale in Washington, DC between October 2024 and November 2024 increased by 4.8%. While the average time on the market in November 2024 was 43 days, the median list price was $676,027.
From Rocket Homes Real Estate and based on county public records data.