$ 1,850,000
-
$1,850,000
Price -
5
Bed -
0
Bath -
3,105
SqFt
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About the Listing COMPS1 - 3111772
1927 15th St NW presents a stabilized three-unit, rent-control-exempt asset in the heart of the U Street/14th Street corridor—one of Washington, DC’s most resilient and consistently demanded rental submarkets. Two units are secured under lease, generating $5,899 per month ($70,788 annually) in documented in-place income. Apt 1 (2BR/1BA) is leased through July 31, 2026 at $3,475/month including parking, and Apt G (2BR/1BA) is leased through May 31, 2027 at $2,424/month. The upper-level residence (Apt 2), a one-bedroom unit, is currently vacant and presents immediate lease-up upside or owner-occupancy flexibility. At a projected market rent of approximately $2,500/month (including parking) for the upper unit, the property approaches $100,788 in potential annual gross income once fully stabilized. Each unit is separately metered for electricity and includes in-unit washer/dryer, enhancing operational efficiency. The building benefits from a current Certificate of Occupancy (July 2024) and a valuable rent-control exemption, providing long-term rent strategy flexibility. Since 2020, significant capital improvements have reduced near-term maintenance exposure, including full brick façade repointing with gable reconstruction, slate roof stabilization, updated HVAC systems (Apts 1 & G), refreshed kitchens and finishes, and exterior stair upgrades. Two secured off-street parking spaces with protected garage access provide additional rental leverage and competitive advantage in this walkable, high-demand location. For investors seeking stabilized income, staggered lease expirations, lease-up upside, and core urban positioning, 1927 15th St NW offers durability, flexibility, and long-term growth potential in one of DC’s strongest rental corridors.
Listing Highlights
Status
Active
Days on Site
18
Property Type
Multi-Family
MLS ®
DCDC2248610
Year Built
1908
Total Square Footage
3,105
Lot/Acreage
0.04
County
Washington
School District
District Of Columbia Public Schools
Interior Details
- Bedrooms: 5
- Bathrooms: 0 Full
- Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Washer, Oven/Range - Electric
- Air Cond: Central A/C
- Heating: Heat Pump(s)
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2070
- Below Ground Sq Ft: 1035
- Basement: Daylight,Partial,Front Entrance,Rear Entrance
- Other: Combination Dining/Living,Floor Plan - Open
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 2
- Zoning: RA-2
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Secure Parking,Off Street,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $11,839
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
1927 15th St NW Washington, DC 20009
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