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    238 Rhode Island Ave NW Washington, DC 20001

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    For Sale
    $1,100,000

    Mixed-use property in Eckington with income potential.

    Lot size:
    0.03 Acres

    Property Features for 238 Rhode Island Ave NW

    General Information

    Lot size
    0.03 Acres

    Building Details

    Year built
    1911

    Source: Exit Community Realty Agent George Thomas Bryant Jr.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Eckington Mixed-Use Investment Opportunity

    Located in the Eckington Neighborhood, this property presents a mixed-use investment opportunity. The building includes two one-bedroom apartments on the upper level, offering income-producing potential. Additionally, the property features a commercial space suitable for various businesses, including a neighborhood store, restaurant, cleaners, beauty salon, barbershop, or funeral home. The property is in need of rehabilitation.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Similar Places Nearby

    DCExotic Gas Dispensary, Whitewood Flowers, Johnnie's Florist LLC, She Loves Me NE, She Loves Me Eckington

    Map

    City
    Washington
    County
    District of Columbia
    State
    DC
    Longitude
    -77.015593
    Latitude
    38.914266

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    FAQs

    What type of property is this?
    Storefront property - Mixed-use property in Eckington with income potential.
    Where is this storefront property located?
    The property is located at 238 Rhode Island Ave NW Washington, DC.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Income-producing potential with two one-bedroom apartments on the upper level; - Commercial space suitable for a neighborhood store, restaurant, or other business; - Located in the progressive Eckington Neighborhood
    (301) 535-0721
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    238 Rhode Island Ave NW Washington, DC 20001
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    Washington, DC 20001
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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
    238 Rhode Island Ave NW Washington, DC 20001
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