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    Multi-Unit Property in Truxton Circle Title is generated by Realmo AI

    219 P Street NW, Washington, DC 20001

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    For Sale
    $1,395,000

    MULTI_FAMILY - Federal - WASHINGTON, DC

    Property size:
    2,800 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $498/SF
    Added:
    May 22, 2026
    Days on Market:
    1
    Last Refresh:
    May 22 at 3:06 pm

    Property Features for 219 P Street NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking
    1
    Parking features
    Fenced, Garage - Attached
    Interior features
    Bathroom - Tub Shower, Carpet, Combination Kitchen/Living, Crown Moldings, Entry Level Bedroom, Floor Plan - Open, Kitchen - Table Space, Recessed Lighting, Wine Storage, Skylight(s)
    Appliances
    Built-In Microwave, Dishwasher, Disposal, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, WaterHeater, Washer/Dryer Stacked
    Standard status
    Active
    Size
    2,800 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7867

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1906
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Federal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Ty Voyles

    Listing agent Ty Voyles License #SP215171

    Listing office Keller Williams Capital Properties 519 C Street, WASHINGTON, DC

    Listing date May 22, 2026

    MLS# DCDC2263356 Listing URL

    Copyright © 2026 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.

    HighLights

    • Proven track record of generating six‑figure annual gross income, presenting a strong investment opportunity.
    • Flexible multi‑unit property allows for various income strategies.
    • Prime Truxton Circle location with easy access to New York Avenue, North Capitol Street, and Florida Avenue, close to Union Market, NoMa, dining, shopping, nightlife, and the NoMa‑Gallaudet U Metro station.
    • Two spacious 2‑bedroom, 2‑bath residences and a 1‑bedroom, 1‑bath lower‑level unit provide comfortable living spaces and multiple revenue streams.
    • Secure off‑street parking offers a valuable and convenient city amenity.
    • Property includes desirable interior features such as stainless steel appliances, recessed lighting, and open floor plans.

    Overview

    This multi-unit property, positioned in the heart of one of DC's fastest-moving neighborhoods, offers instant income, strong cash flow, location leverage, and long-term upside. Currently configured as three units, with a Certificate of Occupancy for two, the property offers multiple ways to maximize returns, including long-term leases, short-term rentals, or a hybrid strategy. The layout includes two 2-bedroom, 2-bath residences and a lower-level 1-bedroom, 1-bath unit. Secure off-street parking adds value and convenience. The property is located in Truxton Circle, with access to New York Avenue, North Capitol Street, and Florida Avenue. Union Market, NoMa, and dining, shopping, and nightlife options are nearby, and the NoMa-Gallaudet U Metro station provides access to the city. The property size is 2800 square feet, and the lot size is 0.0366 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.0142599
    Latitude
    38.909864

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    FAQs

    What type of property is this?
    Multifamily property - Income-producing property in a dynamic Washington, DC neighborhood.
    Where is this multifamily property located?
    The property is located at 219 P Street NW Washington, DC.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: Proven track record of generating six‑figure annual gross income, presenting a strong investment opportunity.; Flexible multi‑unit property allows for various income strategies.; Prime Truxton Circle location with easy access to New York Avenue, North Capitol Street, and Florida Avenue, close to Union Market, NoMa, dining, shopping, nightlife, and the NoMa‑Gallaudet U Metro station.
    (202) 725-8983
    We can help!
    Listing Contact
    Ty Voyles
    Real Estate License ID: SP215171
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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