$ 1,075,000
-
$1,075,000
Price -
4
Bed -
2
Bath -
3,895
SqFt
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About the Listing NHTRE1 - 3054453
Exceptional 3-unit semi-detached property in the heart of Mount Pleasant offering an ideal live-and-invest opportunity for savvy homebuyers. This well-positioned building allows you to establish your primary residence in your choice of residential unit while generating rental income from the remaining units to substantially reduce your monthly housing costs. The upper residential unit features 3BR/2BA in a duplex-style layout spanning two levels, while the lower residential unit is currently configured as 1BR with tremendous expansion potential to 3BR/2BA upon basement finishing, creating the opportunity to significantly increase rental income potential. Alternatively, buyers can choose to combine the residential units into one magnificent single-family home, maximizing the incredible square footage, generous width, and abundant natural light that comes with the semi-detached design. The commercial space is located on the coveted Mount Pleasant Commercial Corridor and comes with an existing tenant providing immediate cash flow. The unfinished basement presents an exceptional value-add opportunity, ready for customization to maximize the property's income-generating potential or expand the single-family living space. Perfect for homeowners who want to build equity while minimizing their housing expenses, this property offers the smart combination of homeownership and investment income in one transaction, or the flexibility to create a spacious single-family residence. The strategic rental income can dramatically offset mortgage payments, property taxes, and maintenance costs, making premium Mount Pleasant living more affordable. Equally attractive for pure investors seeking multiple revenue streams and strong cash flow potential. Situated in the highly sought-after Mount Pleasant neighborhood, the property benefits from strong rental demand, excellent walkability, Metro proximity, and access to urban amenities while maintaining its residential character. Currently delivered with two vacant residential units ready for immediate occupancy or renovation, plus stable commercial tenant providing immediate income during any improvement period. Seller is selling property in as-is condition. Buyer due diligence encouraged.
Listing Highlights for 1664 Park Rd NW
Status
Active
Days on Site
104
Property Type
Residential
MLS ®
DCDC2212114
Year Built
1910
Total Square Footage
3,895
Lot/Acreage
0.05
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Central
- Fireplaces:
- Floor: Wood
- Above Ground Sq Ft: 3895
- Below Ground Sq Ft: 0
- Basement: Connecting Stairway,Front Entrance,Interior Access,Poured Concrete,Unfinished
- Other: Main Floor Bedrooms: 1
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: MU4
- Roof:
- Others: Good,Average
- Sewer: Public Septic,Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $8,650
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
1664 Park Rd NW Washington, DC 20010
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