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    968 Mount Olivet Rd NE Washington, DC 20002

    Under Contract
    For Sale
    $629,999

    MULTI_FAMILY - WASHINGTON, DC

    Property size:
    1,680 SF
    Lot size:
    0.03 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 14 at 12:06 am

    Property Features for 968 Mount Olivet Rd NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Parking features
    Off Street
    Interior features
    Window Treatments
    Appliances
    Oven/Range - Gas, Refrigerator
    Size
    1,680 SF
    Lot size
    0.03 Acres

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Year built
    1951
    Number of units
    3
    Building materials
    Brick

    Compass (202) 491-1275 [email protected]

    Listing agent Desmond Kevin Aberdeen (202) 528-4698

    Listing date Nov 30, 2025

    MLS# DCDC2174540 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ivy City Multifamily Investment Opportunity

    Located in the rapidly evolving Ivy City neighborhood of Washington, D.C., 968 Mount Olivet Rd NE is a three-unit multifamily property presenting a value-add opportunity. The property features three one-bedroom units, totaling approximately 1,352 rentable square feet, situated on a 0.03-acre parcel. Its location provides convenient access to Union Market, NoMa-Gallaudet, and Union Station, as well as public transportation and major commuter routes. The surrounding area is anticipated to experience increased economic activity and infrastructure investment due to the Washington Commanders' planned return to a new stadium 2.6 miles away, potentially enhancing the property's long-term appreciation. The submarket has a median household income of $107,000 and a vacancy rate of 3.33%, indicating strong rental demand. This property is suited for investors seeking to renovate and capitalize on growth in a centrally located corridor of Washington, D.C.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    Washington
    County
    District of Columbia
    State
    DC
    Longitude
    -76.98976623
    Latitude
    38.91229607

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    FAQs

    What type of property is this?
    Triplex - Three-unit property near Union Market with value-add potential.
    Where is this triplex located?
    The property is located at 968 Mount Olivet Rd NE Washington, DC.
    What is the asking price?
    The asking price for this property is $629,999.
    What are key features of this property?
    This property features: - Prime value-add opportunity in rapidly evolving Ivy City.; - Excellent location near Union Market, NoMa-Gallaudet, and Union Station.; - Strong rental demand in a submarket with high median household income ($107,000) and low vacancy rate (3.33%).
    (202) 528-4698
    Request Owner's contact information
    968 Mount Olivet Rd NE Washington, DC 20002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    968 Mount Olivet Rd NE Washington, DC 20002
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