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$629,999

Added 5 months ago

968 Mount Olivet Rd Ne, Washington, DC

Real Estate

For Sale

Listed price in listed location currency (USD).
$629,999

Added 5 months ago

001680 sqft0
  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 1680 sqft
Garage No
Taxes $898
Days Active 155
Lot Size 
Approx. Age 1951
Avg. Price Per Sqft $374
MLS® Number DCDC2174540

Property Address: 968 Mount Olivet Rd Ne, Washington, District Of Columbia

Average square foot calculated using Size range provided by listing agent.

Description

968 Mount Olivet Rd NE presents a prime value-add opportunity in the heart of Ivy City, one of D.C.’s most rapidly evolving neighborhoods. This three-unit multifamily property offers three one-bedroom units totaling approximately 1, 352 rentable square feet on a 0.03-acre parcel (Property Class Code 023). Strategically located just minutes from Union Market, NoMa-Gallaudet, and Union Station, the property provides excellent access to public transportation and major commuter routes. With the Washington Commanders returning to a new stadium just 2.6 miles away, the surrounding area is poised for a surge in economic activity, infrastructure investment, and long-term appreciation, further enhancing the upside of this investment. In a submarket with a median household income of $107, 000 and a vacancy rate of just 3.33%, 968 Mount Olivet offers strong rental demand with the potential for increased cash flow through targeted improvements. Ideal for investors looking to renovate and capture growth in a thriving, centrally located corridor of Washington, D.C.
MLS® NumberDCDC2174540
Laundry Level
Central VacNo
FireplaceNo
Acreage0.03
ExteriorFire Escape
GarageNo
Approx. Age1951
Basement
DrivewayOff Street
Garage Spaces
HeatRadiator, Natural Gas
A/CNone
Heating Fuel

Extras

968 Mount Olivet Rd Ne, Washington, DC

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