2149 N St Washington, DC 20037
- Apartment buildings
- 3,780 SF
- 0.01 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 2149 N St
- Year built
- 1913
- Lot size
- 0.01 lot acres
- Property size
- 3,780 SF
- Property type
- Apartment buildings
Description
This four-unit apartment building at 2149 N Street NW, Washington, DC 20037, presents a compelling investment opportunity. The 3,780 square foot, Class B property, built in 1913 and renovated in 2023, sits on a 0.01-acre lot and is zoned RA-2/DC. Currently vacant, this 4-story building offers four spacious two-bedroom, two-bathroom units, each with separate gas and electric meters. The net rentable area is 2,895 square feet. Recent capital improvements include a new roof and updated appliances, minimizing upfront investment for the new owner. The property boasts a current pro-forma NOI of $154,067 and a 6.70% cap rate. Its prime location, just four blocks from George Washington University and two metro stations (Dupont Circle and Foggy Bottom), ensures high rental demand in a vibrant neighborhood known for its high rental rates. This TOPA-exempt property offers immediate income potential and significant long-term equity growth in one of the nation's most desirable urban areas. The asking price is $2,300,000.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -77.0487
- Latitude
- 38.9073
