$ 629,000
-
$629,000
Price -
4
Bed -
4
Bath -
2,600
SqFt -
0.08
Acre
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About the Listing REKL1 - 3109753
1322 DOWNING PL NE: 4-UNIT ASSET WITH VALUE-ADD & OWNER-OCCUPANT UPSIDE. Solid brick 4-unit building situated in an established Northeast D.C. corridor, featuring three occupied units providing immediate rental income and one vacant unit ready for owner-occupancy or market lease-up. Offered at exceptional price, the property presents a direct physical value-add opportunity to build equity over time through systematic interior renovations and finish updates. Purchasing this 4-unit building as a qualifying individual owner-occupant provides the legal pathway to file for the Small Landlord Exemption from D.C. rent control stabilization regulations with the Rental Accommodations Division (RAD). An owner-occupant can utilize incoming rents from the three occupied units to directly offset monthly mortgage debt service while incrementally executing property improvements. This strategy allows the owner to reposition the building and capture significant long-term equity appreciation as local market fundamentals continue to recover and strengthen. DISCLAIMER: buyer's broker are responsible for performing all due diligence to verify existing lease terms, Certificate of Occupancy status, Basic Business License requirements, and RAD rent control exemption filing criteria.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Multi-Family
MLS ®
DCDC2284044
Year Built
1943
Total Square Footage
2,600
Lot/Acreage
0.08
County
Washington
School District
District Of Columbia Public Schools
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Radiator
- Fireplaces:
- Floor: Carpet
- Above Ground Sq Ft: 2600
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: R-3
- Roof:
- Others: Below Average
- Sewer: Public Sewer
Financial Details
- Tax Amount: $6,395
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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1322 Downing Pl NE Washington, DC 20018
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