1624 19Th St Washington, DC 20009

Property Details for 1624 19Th St

Year built

1964

Property size

4,804 SF

Property type

Commercial real estate

Description

This exceptional three-unit apartment building, located in the heart of Dupont Circle at 1624 19th St, NW, Washington, DC 20009, presents a rare investment opportunity. The property, a meticulously maintained four-story rowhouse, boasts nearly 4,804 square feet and offers eight bedrooms and 6.5 bathrooms across three units. Recently renovated in 2024, the building features two parking spaces and a desirable 6.50% cap rate. The asking price is $3,199,000, translating to $665.90 per square foot. Built in 1964 and situated on a 1,703 square foot lot, the property is zoned RA-8 and is TOPA-free. The building's three units generate substantial rental income, currently approaching $200,000 annually, with potential for increased revenue upon re-renting the penthouse unit at market value, estimated at $211,800 annually. The penthouse unit (Unit 301) is a stunning two-story space featuring over 2,200 square feet, four bedrooms, 2.5 bathrooms, cathedral ceilings, skylights, and a wood-burning fireplace. Units 101 and 201 each offer two bedrooms and two bathrooms, updated kitchens, and custom built-ins. All units include in-unit washers and dryers. Water is included in the monthly rent