$ 839,999
-
$839,999
Price -
4
Bed -
4
Bath -
2,964
SqFt
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About the Listing EXPY12 - 3316096
100% Occupied | Approx. $68,760 Gross Annual Rental Income | Turnkey Investment Opportunity Skip the lease-up, avoid vacancy concerns, and start generating income from day one. This fully leased three-unit multifamily property offers immediate cash flow, stable tenancy, and exceptional long-term investment potential in one of Northeast Washington, D.C.'s fastest-growing neighborhoods. Located in the vibrant Trinidad community, 1721 West Virginia Ave NE features an ideal unit mix with all three apartments currently occupied, providing a proven income-producing asset for investors seeking a turnkey addition to their portfolio or a strong 1031 Exchange opportunity. Current Rental Income: • Unit 1: 1 Bedroom | 1 Bath – $1,500/month • Unit 2: 1 Bedroom | 1 Bath – $1,650/month • Unit 3: 2 Bedrooms | 2 Baths – $2,580/month Annual Gross Rental Income: Approximately $68,760 Each residence offers thoughtfully updated interiors with modern kitchens and bathrooms, comfortable floor plans, and quality finishes designed to attract and retain tenants. Rear off-street parking provides an added convenience that is increasingly valuable in the District. An additional investment advantage is that each tenant pays their own utilities, helping reduce owner operating expenses and improve overall investment performance. Positioned just minutes from Union Market, the H Street Corridor, Ivy City, NoMa, Gallaudet University, Union Station, Capitol Hill, and downtown Washington, D.C., the property enjoys outstanding access to shopping, dining, entertainment, Metro, New York Avenue (US-50), and major commuter routes. Continued redevelopment and strong rental demand throughout the surrounding area make this an exceptional opportunity for both immediate cash flow and long-term appreciation. Whether you're expanding your portfolio, completing a 1031 exchange, or acquiring your first multifamily investment, this well-maintained, fully occupied property offers the rare combination of stability, income, and future growth potential. A performing asset from day one. The tenants are in place. The income is established. The opportunity is yours.
Listing Highlights
Status
Active
Days on Site
22
Property Type
Townhome
MLS ®
DCDC2269830
Year Built
1932
Total Square Footage
2,964
Lot/Acreage
0.07
County
Washington
Neighborhood
Trinidad
School District
District Of Columbia Public Schools
Elementary School
Wheatley Education Campus
Middle School
Wheatley Education Campus
High School
Dunbar Senior
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Gas, Refrigerator, Washer, Washer/Dryer Stacked
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor: Hardwood
- Above Ground Sq Ft: 2964
- Below Ground Sq Ft: 0
- Basement:
- Other: Bathroom - Tub Shower,Dining Area,Family Room Off Kitchen,Floor Plan - Open,Kitchen - Eat-In,Kitchen - Table Space,Wood Floors,Main Floor Bedrooms: 4
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 2
- Zoning: RF-1
- Roof:
- Others: Sidewalks,Excellent
- Sewer: Public Sewer
- Parking Features: Off Street,On Street,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $7,990
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
1721 West Virginia Ave NE Washington, DC 20002
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