589 Columbia Rd NW

Washington, DC 20001 View Map $1,400,000 Schedule a Tour
Beds8
Baths4
Sq.Ft.7,132
Year1980

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(202) 450-9324

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Status: Active
Property Type:Detached
MLS #:DCDC2134032
Sq. Feet:7,132
On Site:82 Days
Lot Size:0.11 Acres
Investment Opportunity in Prime Location

Welcome to a prime investment opportunity nestled in the heart of Washington, DC. This four-unit property presents an exceptional chance for savvy investors to capitalize on its potential. Boasting a coveted location and promising possibilities, this property is a diamond in the rough waiting to be polished.

Property Details:

Unit Configuration: Four units, each featuring two bedrooms

Potential for Expansion: Ample space available to comfortably rebuild units into three bedrooms, offering increased rental potential and appeal.

Certificate of Occupancy: The property holds a Certificate of Occupancy for a four-unit building, ensuring compliance and legal status.

Neighborhood Dynamics: The neighboring building has secured a permit for an eight-unit apartment complex, indicating growth and development potential in the area.

Housing Demand: With housing in DC at a premium and Howard University facing shortages in student accommodations, this property offers a timely solution to a pressing need.

Opportunities Abound: This property presents a myriad of opportunities for creative redevelopment or renovation, catering to diverse investment strategies and goals.
Important Note:

Fire Damage Alert: Please be advised that this property has incurred fire damage and is currently deemed unsafe for entry. Exercise caution when exploring the premises.

Home Harmless Agreement: For safety reasons, all individuals entering the property must sign a Home Harmless Agreement, acknowledging the risks associated with the property's current condition.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:589 Columbia Rd NW, Washington, DC 20001
Subdivision:Columbia Heights
Zip Code:20001

Architecture

Bedrooms: 8
Bathrooms: 4
Year Built:1980
Stories:2
Style:Other
Construction: Brick
Foundation: Brick/Mortar
Basement Type: Interior Access, Outside Entrance

Features / Amenities

Main Level Bedrooms: 4
Sub Structure Types: Above Grade, Below Grade
Hot Water: Natural Gas

Square Footage

Finished Sq. Ft.
Above Grade 7132
Below Grade 0
Total 7132

Property Features

Lot Size: 0.11 Acres
Sewer: Public Sewer
Water: Public
Zoning:RF-1
Directions:Head north toward T St NW
112 ft
Turn right onto T St NW
0.1 mi
Turn left onto 7th St NW
259 ft
Continue onto Georgia Ave NW
Pass by Chipotle Mexican Grill (on the right in 0.3 mi)
0.8 mi
Turn right onto Harvard St NW
May be closed at certain times or days
0.1 mi
Harvard St NW turns left and becomes Hobart Pl NW
341 ft
Turn left onto Warder St NW
246 ft
Turn left onto Columbia Rd NW
Destination will be on the right
312 ft
589 Columbia Rd NW, Washington, DC 20001

Tax and Financial Info

Total Taxes: $10,800 (paid Annually)
Tax Year: 2022
Ownership Type: Fee Simple
Homeowners' Assoc.: No
City Tax Rate: $10,800.00 (Annually)
Acceptable Financing: Cash

Schools

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589 Columbia Rd NW Washington,  DC 20001
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589 Columbia Rd NW Washington, DC 20001
 
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Listing Information Last Updated 6/14/2024
Listing provided courtesy of Rlah @Properties.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than TTR Sotheby's International Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.