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U Street Multifamily Investment Opportunity

1927 15TH St NW, Washington, DC 20009

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For Sale

$1,775,000

Fully leased, income-producing three-unit asset in the U Street corridor.

Type:Investment

HighLights

Fully leased, income‑producing property generating $110,988 annually with immediate cash flow.
Located in the high‑demand U Street/14th Street corridor, with excellent walk, bike, and transit scores.
Rent‑control exemption provides long‑term flexibility for rental increases.
Recent capital improvements (since 2020) minimize near‑term capital expenditure risk.
Desirable unit mix: two 2‑bedroom units and one 1‑bedroom unit, each with in‑unit washer/dryer and separately metered electricity.
Two secured off‑street parking spaces with protected garage access.

We can help!

Listing Contact

Clarence Pineda

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For Sale

$1,775,000

Fully leased, income-producing three-unit asset in the U Street corridor.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 3:33 pm

Property Features for 1927 15TH St NW

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1908

We can help!

Listing Contact

Clarence Pineda

Listing agent Clarence Pineda License #SP98369549

Listing office Compass

Listing date Apr 24, 2026

Source Elliman

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

All listing content including descriptions, pricing, images are the copyrighted material of Compass

HighLights

Fully leased, income‑producing property generating $110,988 annually with immediate cash flow.
Located in the high‑demand U Street/14th Street corridor, with excellent walk, bike, and transit scores.
Rent‑control exemption provides long‑term flexibility for rental increases.
Recent capital improvements (since 2020) minimize near‑term capital expenditure risk.
Desirable unit mix: two 2‑bedroom units and one 1‑bedroom unit, each with in‑unit washer/dryer and separately metered electricity.
Two secured off‑street parking spaces with protected garage access.

Overview

Located in the U Street/14th Street corridor, this fully leased, income-producing three-unit property offers immediate cash flow. The property generates $9,249 per month ($110,988 annually) in gross rental income. The unit mix includes two two-bedroom residences and one one-bedroom residence, each with in-unit washer/dryer and separately metered electricity. Apartment 2 (1BR/1BA) is leased through April 30, 2027 at $3,350/month (including parking). Apartment 1 (2BR/1BA) is leased through July 31, 2026 at $3,475/month (including parking). Apartment G (2BR/1BA) is leased through May 31, 2027 at $2,424/month. The property has a current Certificate of Occupancy (July 2024) and a rent-control exemption. Since 2020, the building has undergone capital improvements, including full brick façade repointing with gable reconstruction, slate roof stabilization, updated HVAC systems (Apts 1 & G), modernized kitchens and finishes, enhanced lighting, and exterior stair upgrades. Additional features include two secured off-street parking spaces with protected garage access. The location is within walking distance to Metro, restaurants, retail, and nightlife. The property has a bike score of 99, a walk score of 97, and a transit score of 85.

Location Intelligence

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Apartment buildings

Map

City: Washington
County: District of Columbia
State: District of Columbia
Longitude: -77.0342702
Latitude: 38.9164324

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For sale
Apartment buildings
DC
Washington
20009
1927 15TH St NW

What type of property is this?

Apartment building - Fully leased, income-producing three-unit asset in the U Street corridor.

Where is this apartment building located?

The property is located at 1927 15TH St NW Washington, DC.

What is the asking price?

The asking price for this property is $1,775,000.

What are key features of this property?

This property features: Fully leased, income‑producing property generating $110,988 annually with immediate cash flow.; Located in the high‑demand U Street/14th Street corridor, with excellent walk, bike, and transit scores.; Rent‑control exemption provides long‑term flexibility for rental increases.