$1,200,000

589 Columbia Rd Nw, Washington, DC, 20001

0.11

Acres

Great investment opportunity!! Ideal location!! Welcome to a prime investment opportunity nestled in the heart of Washington, DC. This four-unit property presents an exceptional chance for savvy investors to capitalize on its potential. Location! Location! Location! Great possibilities! Property Details: Unit Configuration: Four units, each featuring two bedrooms Potential for Expansion: Ample space available to comfortably rebuild units into three bedrooms, offering increased rental potential and appeal. Certificate of Occupancy: The property holds a Certificate of Occupancy for a four-unit building, ensuring compliance and legal status. Neighborhood Dynamics: The neighboring building has secured a permit for an eight-unit apartment complex, indicating growth and development potential in the area. Housing Demand: With housing in DC at a premium and Howard University facing shortages in student accommodations, this property offers a timely solution to a pressing need. Big Opportunities Abound: This property presents a myriad of opportunities for creative redevelopment or renovation, catering to diverse investment strategies and goals. Exercise caution when exploring premises. Home Harmless Agreement required.

Listing Details

OfficeREMAX Platinum Realty

Facts & Features

MLS® # DCDC2192558
Price $1,200,000
Bathrooms 0.00
Acres 0.11
Year Built 1980
Type Multi-Family
Sub-Type Other, Detached
Style Colonial
Status Active

Community Information

Address 589 Columbia Rd Nw
City Washington
County WASHINGTON-DC
State DC
Zip Code 20001
Senior Community No

Amenities

Is Waterfront No

Interior

Heating 90% Forced Air
Cooling Central A/C
Has Basement No
Fireplace No

Exterior

Exterior Brick and Siding
Foundation Brick/Mortar

School Information

District DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Additional Information

Date Listed March 28th, 2025
Days on Market 216
Zoning R
Foreclosure No
Short Sale Yes
RE / Bank Owned No

Listing Map

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