1701 E St Washington, DC 20002
- Multifamily properties
- 8,088 SF
- 0.10 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 1701 E St
- Year built
- 2008
- Lot size
- 0.10 lot acres
- Property size
- 8,088 SF
- Property type
- Multifamily properties
Description
This exceptional 6-unit multifamily building presents a compelling investment opportunity in Washington, DC's desirable Rosedale neighborhood. Situated on a 0.1-acre corner lot at 1701 E Street NE, this 8,088 square foot property boasts a strong cash flow, generating just over $291,000 in annual income (approximately $24,250+ monthly). Each of the six units offers approximately $4,049 in average monthly income, with utilities currently included in the rent. The building features individually metered units, each equipped with an independent circuit panel, central air conditioning (CAC), hot water heater (HWH), in-unit laundry, and parking. Constructed in 2008 with recent updates, the property showcases attractive hardwood floors and energy-efficient double-pane windows. Its prime location offers convenient access to a wealth of amenities, including the Rosedale Recreation Center, pool, and library, as well as Safeway, CVS, and Ross. Numerous shopping and dining options are within easy reach. Excellent public transportation is readily available via bus lines and the trolley, providing convenient access to various locations throughout the city. The property benefits from its proximity to the future Hechinger Mall and RFK Stadium development projects. With a walk score of 86 and a bike score of 99, this location offers unparalleled walkability and bikeability. The TOPA is cleared, allowing for a quick closing, making this an ideal property for 1031 exchange transactions. Offers are encouraged.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -76.9805
- Latitude
- 38.8959
