$ 1,600,000
-
$1,600,000
Price -
6
Bed -
0
Bath -
3,080
SqFt
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About the Listing GRYS1 - 136386
FULLY VACANT 4-UNIT APARTMENT BUILDING: Palisades quad-plex apartment building, comprised of two 2BDR/1BA units and two 1BDR+Den/1BA units with approximately 3,848 square feet of gross living area across two stories and a semi-finished basement. Delivering 100% vacant, the Property is therefore EXEMPT FROM TOPA AND RENT CONTROL and creates immediate flexibility for both investors and owner-occupants—a buyer could occupy one unit while generating income from the others, or capture market rents on all four units from day one with no below-market leases to inherit. The Property has historically generated strong rental demand and full occupancy from young professionals, graduate students, and others connected with nearby Georgetown and George Washington Universities, multiple hospitals, as well as northern Virginia. SIGNIFICANT IMPROVEMENTS COMPLETED: One owner has meticulously maintained the building for decades and completed meaningful improvements including: a new roof (2022), upgraded windows, granite and quartz countertops, dishwashers/modernized appliances, and a recently installed off-street parking pad. SEPERATELY METERED for gas and electricity across all four units, each served by its own new Weil-McLain boiler, allowing ownership to pass virtually all utility costs other than water/sewer through to tenants. OFF-STREET PARKING & CURB CUT: 4512 is the only building on this block of MacArthur Boulevard with a curb cut and off-street parking, a rare amenity and an essential component for any future condominium or redevelopment play. LARGE LOT & DEVELOPMENT POTENTIAL: The Property is situated on a very large 6,066 square foot lot zoned RA-1, which presents the opportunity whether now or in the future to expand the gross square footage of the building, add units, or pursue a condominium conversion, subject to approvals—all within one of the District's MOST DESIREABLE ZIP CODE, where the median home sells for roughly $1.35 million and the Property falls within the in-demand Key Elementary School district.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Multi-Family
MLS ®
DCDC2268170
Year Built
1937
Total Square Footage
3,080
Lot/Acreage
0.14
County
Washington
School District
District Of Columbia Public Schools
Interior Details
- Bedrooms: 6
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3080
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 2
- Zoning: RA-1
- Roof:
- Others:
- Sewer: Public Septic,Public Sewer
- Parking Features: On Street,Attached Carport,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $11,879
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
4512 Macarthur Boulevard NW Washington, DC 20007
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