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    500 Irving St Washington, DC 20010

    Sponsored
    For Sale
    $1,284,000

    Historic building, high visibility, strong income.

    Property size:
    2,388 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 500 Irving St NW, Washington, DC 20010, offers a compelling investment opportunity. The 2,388 square foot building, constructed in 1914 and renovated in 2010, sits on a 1,000 square foot lot (APN 3051/119) and boasts a desirable RF-1 zoning designation. Currently operating at 100% occupancy (until November 10, 2024), the property features a ground floor retail space and a two-bedroom, one-bathroom residential unit on the second floor, complete with in-unit laundry and a private rear entrance. The lower level provides additional versatile space, currently used for community events. Its all-brick corner lot location ensures high visibility, benefiting from significant foot traffic. The property's strategic location near Columbia Heights and Petworth Metro stations, along with proximity to Old Soldiers' Home, McMillan Reservoir, Howard University, and Georgia Avenue, positions it for future growth and appreciation. This one-building, two-story property presents a rare chance to acquire a well-maintained asset with strong income potential and significant upside. The asking price is $1,284,000.

    Property Features for 500 Irving St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,388 SF

    Building Details

    Year Built/Renovated
    1914/2010
    Buildings
    1
    Stories
    2

    HighLights

    • Exceptional mixed‑use investment opportunity at 500 Irving St NW, Washington, DC 20010.
    • 2,388 sq ft building on a 1,000 sq ft lot (APN 3051/119), built in 1914, renovated in 2010.
    • Desirable RF‑1 zoning; 100% occupancy until November 10, 2024.
    • Ground floor retail space and a 2‑bed/1‑bath residential unit with in‑unit laundry and private rear entrance.
    • Additional versatile lower level space; all‑brick corner lot with high visibility.
    • Prime location near Columbia Heights & Petworth Metro, Howard University, and other amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -77.0197615
    Latitude
    38.9292514

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    FAQs

    What type of property is this?
    Mixed-use property - Historic building, high visibility, strong income.
    Where is this mixed-use property located?
    The property is located at 500 Irving St Washington, DC.
    What is the asking price?
    The asking price for this property is $1,284,000.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity at 500 Irving St NW, Washington, DC 20010.; 2,388 sq ft building on a 1,000 sq ft lot (APN 3051/119), built in 1914, renovated in 2010.; Desirable RF-1 zoning; 100% occupancy until November 10, 2024.
    (202) 775-4663
    Request Owner's contact information
    500 Irving St Washington, DC 20010
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    Washington, DC 20010
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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
    500 Irving St Washington, DC 20010
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