1701 E St Ne

$3,325,000

1701 E St Ne, Washington, Dc 20002

For Sale

Multifamily

Active

Last Updated: 02/08/2025

Details:

Cap Rate: 6.54%

NOI: $224,052

Building Size: 8,088 sqft

Year Built: 2008

Price Per Sqft: $411.10

Zoning: RF-1

Offered by Realtor

Peter Grimm

Berkshire Hathaway HomeServices PenFed Realty

#SP98366089

Request Info to Unlock

Highlights:

Days on Market: 58
Parking Features: Private, Surface
Heating: Central

Description:

NEW YEAR, NEW PRICE - Now Reduced $200K - Welcome to 1701 E Street NE, a unique investment opportunity in a rarely available turn-key 6-Unit 8088 SF Building on Corner Lot with Parking and Strong Cash-flow. Total annual income just over $291K ($24K + monthly), average unit income just over $4049 / month, utilities currently included. Ideal to complete 1031 exchange transactions, TOPA is cleared and a quick closing is possible. Each separately metered unit has an independent circuit panel, CAC, HWH, Laundry and Parking. Relatively new construction (2008) with more recent updates, hardwood floors and double pane windows. Located in the popular Rosedale neighborhood of Capitol Hill along the bustling H Street and Benning Road development corridors. Walk to Rosedale Recreation Center, Pool and Library, Safeway, CVS, Ross, with many shopping and dining options nearby. Bus Lines and Trolley to Locations across the City, Near Future Hechinger Mall & RFK Stadium Development! 86 WALKSCORE, 99 BIKESCORE. Offers encouraged, submit your LOI today.