1633 W Virginia Ave NE Washington, DC 20002
For Sale
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Motivated Seller!** Why rent when you can own this 4-unit building? This property is ideal for investors or owner-occupants looking to expand their portfolio. It features four units: two two-bedroom units with one bathroom each, and two one-bedroom units with one bathroom each. Currently, two units are vacant while two are occupied (one one-bedroom unit and one two-bedroom unit) on a month-to-month basis. The rents for the occupied units have recently increased. The roof has been replaced, and several improvements have been made, providing a great opportunity for the buyer to live in one unit and rent out the others. The vacant units are easy to show, and the tenants in the occupied units are very cooperative but require some notice before any showings. This building is conveniently located near stores and other amenities. Don’t miss out on this investment opportunity bikeScore: 70, Very Bikeable walkScore: 60, Somewhat Walkable transitScore: 66, Good Transit
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.