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    4524 Iowa Ave Nw WASHINGTON Washington, DC 20011

    For Sale
    $3,035,000

    9-unit apartment building with plans for 10 units, 50% renovated.

    Lot size:
    0.10 Acres

    Property Features for 4524 Iowa Ave Nw WASHINGTON

    General Information

    Standard status
    Active
    Lot size
    0.10 Acres

    Building Details

    Year built
    1925

    Source: EQUILIBRIUM REALTY, LLC Agent SHANU T OKWESA

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

    Overview

    Multi-Family Building with Renovation Potential

    This is a 9-unit apartment building with plans and permits for reconfiguration into 10 units, including a basement buildout. Construction is 50% complete. The upper level is fully renovated, while the main level is 50% complete, and the basement is ready for construction. It is located in the 16th St Heights neighborhood, a residential community bordering Rock Creek Park, known for stately homes on large lots.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Washington
    County
    District of Columbia
    State
    DC
    Longitude
    -77.029441
    Latitude
    38.9456947

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    FAQs

    What type of property is this?
    Apartment building - 9-unit apartment building with plans for 10 units, 50% renovated.
    Where is this apartment building located?
    The property is located at 4524 Iowa Ave Nw WASHINGTON Washington, DC.
    What is the asking price?
    The asking price for this property is $3,035,000.
    What are key features of this property?
    This property features: - Opportunity to purchase a large multi-family building in the desired 16th St Heights neighborhood.; - Approved plans and permits for reconfiguration into 10 units, including basement buildout.; - **Upper level is fully renovated.**
    (202) 986-0160
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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
    4524 Iowa Ave Nw WASHINGTON Washington, DC 20011
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