2 months on rocket

325 V St NE, Washington, DC, 20002

$1,200,000

Home List Price

$10,000*

Closing Credit

0 Baths
2,648 SqFt
$453/SqFt
Multi

Location

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325 V St NE, Washington$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOn Street
Year Built1923
HeatingHot Water
CoolingCentral Air
MLS #DCDC2157870
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 325 V St NE

**Investment Opportunity in Eckington, DC** Seize this rare chance to invest in the highly desirable Eckington neighborhood with this recently updated two-unit building, featuring a total of 8 bedrooms and 3 full baths. Boasting stunning hardwood floors and brand-new appliances, this property harmoniously blends classic charm with modern comfort. Perfectly located within walking distance of McKinley Tech High School, Howard University, and the vibrant Union Market, this building offers exceptional convenience. It comes with an approved certificate of occupancy and is fully rent-ready, making it ideal for both investors and homeowners. The financial potential is impressive, with proformas indicating a possible gross revenue of over $102,000 annually, providing an attractive cap rate when fully rented. If you decide to occupy the upper unit and rent out the lower unit, you can still anticipate a solid annual minimum rental income of $60,600, translating to $5,050 per month (with potential increases once current tenants vacate in January 2025). Whether your goal is to generate significant passive income or to live in one unit while renting out the other, this property presents endless possibilities for financial growth. Don’t miss your chance to secure a prime investment for your future. Please note that Unit #1 is currently occupied and requires 48 hours' notice for showings. Contact the listing agent for all showing requests.

Property Details

Property Features

Property Information:

  • Architectural Style: Federal
  • Year Built: 1923
  • Living Area: 2,648 SqFt

Listing Office:

  • Office Name: Keller Williams Chantilly Ventures
  • Office Phone: (571) 235-0129
  • Listing Agent: Sabrina Kim

Interior Features

Interior Information:

  • Appliances: Range, Cooktop, Dishwasher, Washer/Dryer Stacked
  • Flooring Type: Hardwood
  • Interior: 2nd Kitchen, Bathroom - Tub Shower, Built-Ins, Central Vacuum, Combination Dining/Living, Floor Plan - Traditional, Kitchen - Efficiency, Kitchen - Galley

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Hot Water
  • Cooling: Central Air

Other

Directions Information:

  • Directions: See Google Maps

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
  • Price Per SqFt: $453/SqFt

Tax Information:

  • Annual Amount: $5,099
  • Tax Year: 2020
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Housing Market Comparison

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

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Washington, DC

City

Med. Sold Price

$672.3K

Med. Price/SqFt

$511

Avg. Days On Market

43

# of Sold Homes

485

325 V St NE vs Washington

72 DAYS ON ROCKET

+29 Days

$1,200,000

+$527.6K More

$453/SqFt

-$58 Less

KEY TAKEAWAY

This property is $527.6K more than the Median Sold Price and $58/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: #DCDC2157870

Listing Office:

  • Office Name: Keller Williams Chantilly Ventures
  • Office Phone: (571) 235-0129
  • Listing Agent: Sabrina Kim

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: 11/17/2024, 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

May 11, 2021Home Sold
$500,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,099$599,920
2019$4,720$555,370
2018$4,432$521,410
2017$4,076$479,530

History based on county public records data.

Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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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-390121
7
/10

  • Harmony Dc Public Charter School - School of Excellence

  • 62 T St NE

  • 0.34 miles

  • Public Charter Grades KG-5

school-card-donut-390122
3
/10

  • Langley Elementary School

  • 101 T St NE

  • 0.35 miles

  • Public District Grades EE-5

school-card-donut-390123
3
/10

  • Noyes Education Campus

  • 2725 10th St NE

  • 0.70 miles

  • Public District Grades EE-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,886. The most common annual income of people living in Washington, DC is less than $35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›District of Columbia›Washington›20002›325 V St NE

This home is located at 325 V St NE in Washington, DC and zip code 20002 in the Eckington neighborhood. This 2,648 square foot home, which was built in 1923, sits on a 0.03 acre lot. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $1,200,000.

Over 142 listings were sold over their listed price in October 2024 in Washington, DC. In the same period over 225 listings were sold below the listed price and 118 listings were sold for the listed price. The inventory of homes for sale in Washington, DC between September 2024 and October 2024 increased by 21.3%. 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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