968 Mt Olivet Rd NE
Description
Strategically located just minutes from Union Market, NoMa-Gallaudet, and Union Station, the property provides excellent access to public transportation and major commuter routes. With the Washington...968 Mount Olivet Rd NE presents a prime value-add opportunity in the heart of Ivy City, one of D.C.’s most rapidly evolving neighborhoods. This three-unit multifamily property offers three one-bedroom units totaling approximately 1,352 rentable square feet on a 0.03-acre parcel (Property Class Code 023).
Strategically located just minutes from Union Market, NoMa-Gallaudet, and Union Station, the property provides excellent access to public transportation and major commuter routes. With the Washington Commanders returning to a new stadium just 2.6 miles away, the surrounding area is poised for a surge in economic activity, infrastructure investment, and long-term appreciation, further enhancing the upside of this investment.
In a submarket with a median household income of $107,000 and a vacancy rate of just 3.33%, 968 Mount Olivet offers strong rental demand with the potential for increased cash flow through targeted improvements. Ideal for investors looking to renovate and capture growth in a thriving, centrally located corridor of Washington, D.C.
Property Details for 968 Mt Olivet Road Northeast
Property Details for 968 Mt Olivet Road Northeast
| Status | Active Under Contract |
|---|---|
| MLS # | DCDC2174540 |
| Days on Market | 238 |
| Taxes | $898 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1951 |
| Lot Size | 0.03 AC / 1,352 SF |
| County | District of Columbia |
Location
Listing Courtesy of: .
Building Information for 968 Mt Olivet Road Northeast
Payment Calculator
$3,188 per month
30 year fixed, 6.28% Interest
$3,113
$75
$0
Property Information for 968 Mt Olivet Road Northeast
- In City Limits: Yes
- Transportation: Metro/Subway Station less than 1 mile
- School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- School District County ID: 121140357950
- SchoolDistrictSource: Listing Agent
- County: WASHINGTON
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 1996
- Tax Assessed Value: $58,308
- Year Assessed: 1996
- Improvement Assessed Value: $36,243
- City Town Tax: $898
- Land Assessed Value: $22,065
- Zoning: R4
- Tax Lot: 0809
- Automatically Update Tax Values Y/N: No
- Owner Pays: Water
- Rent Control: Yes
- Single Room Units Count: 3
- One Bedroom Units Count: 3
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 0
- Units Leased Count: 2
- Vacancy Allowance Rate: 3.33%
- Rent Control: Yes
- Income Includes: Apartment Rentals, Concessions
- Cap Rate: 8.50
- Existing Lease Type: Month to Month
- Building Units Total: 3
- Total Finished SQFT: 1,680.00
- Total Finished SQFT Source: Estimated
- Total SQFT: 1,680.00
- Total SQFT Source: Estimated
- Construction Materials: Brick
- Roof: Metal
- Other Structure: Above Grade
- Lot Size Source: Estimated
- Lot Features: Other
- Soil Types: Urban Land-Sassafras-Chillum
- Parcel ID: 16072585
- Type Of Parking: Off Street
- Interior Features: Window Treatments, Other
- Fireplace: No
- Appliances: Oven/Range - Gas, Refrigerator
- Accessibility Features: Level Entry - Main
- Window Features: Casement, Storm
- Spa: No
- Exterior Features: Fire Escape
- Pool: No Pool
- Heating: Yes
- Cooling Type: None
- Cooling Fuel: None
- Heating Type: Radiator
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Prince George's Association of REALTORS
Property History for 968 Mt Olivet Road Northeast
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Oct 3, 2025 | Active Under Contract BRIGHT #DCDC2174540 | — | |
| Feb 11, 2025 | Listed (Active) BRIGHT #DCDC2174540 | $629,999 | — |
| Apr 19, 2000 | Expired BRIGHT #DCDC313476 | $65,000 | — |
| Jun 14, 1998 | Expired BRIGHT #DCDC313496 | $70,000 | — |
| Jun 14, 1997 | Listed (Active) BRIGHT #DCDC313476 | $70,000 | — |
| Jun 14, 1997 | Listed (Active) BRIGHT #DCDC313496 | $70,000 | — |
| Jun 30, 1996 | Expired BRIGHT #1005907656 | $75,000 | — |
| Sep 26, 1995 | Listed (Active) BRIGHT #1005907656 | $75,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 10/03/2025 | Active Under Contract BRIGHT #DCDC2174540 | — |
| 02/11/2025 | Listed (Active) BRIGHT #DCDC2174540 | $629,999 |
| 04/19/2000 | Expired BRIGHT #DCDC313476 | $65,000 |
| 06/14/1998 | Expired BRIGHT #DCDC313496 | $70,000 |
| 06/14/1997 | Listed (Active) BRIGHT #DCDC313476 | $70,000 |
| 06/14/1997 | Listed (Active) BRIGHT #DCDC313496 | $70,000 |
| 06/30/1996 | Expired BRIGHT #1005907656 | $75,000 |
| 09/26/1995 | Listed (Active) BRIGHT #1005907656 | $75,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 968 Mt Olivet Road Northeast
Schools near 968 Mt Olivet Road Northeast
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Wheatley Education Campus PublicPK to 8 | ||
Dunbar High School Public9 to 12 | ||
McKinley Technology High School Public9 to 12 | ||
School-Within-School @ Goding PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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© 2025 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 11/30/2025 04:08 PM