1101 P Street Northwest

1101 P Street Northwest

Washington, DC 20005

$2,595,000
Price
—
Beds
5,414 Sq. Ft.
$479 / Sq. Ft.
5,414
Sq. Ft.
$479
per Sq. Ft.

Active Under Contract

Active Under Contract

front view of a building
a front view of a building with trees
a room with blue walls and glass door
a view of a dining room with furniture window and wooden floor
a living room with furniture and a fireplace
a living room with furniture a fireplace and a table
a kitchen with granite countertop cabinets stainless steel appliances and a dining table
a kitchen with stainless steel appliances a stove a microwave a dining table and chairs
a view of a bathroom from the hallway
a bathroom with a sink a toilet and a mirror
a spacious bedroom with a bed and a fireplace
a spacious bedroom with a bed and wooden floor
a bedroom with a bed and wooden floor
a bathroom with a toilet sink vanity and mirror
a living room with furniture and a fireplace
a living room with furniture and wooden floor
a view of a dining room with furniture
a kitchen with stainless steel appliances granite countertop a sink stove and refrigerator
a living room with furniture and a fireplace
a bedroom with a bed and wooden floor
a bedroom with a bed and a table
a view of a hallway with washer and dryer
a bedroom with a bed and a couch
a bathroom with a sink and a mirror
a kitchen with a sink cabinets and wooden floor
a living room with furniture and a table
a kitchen with stainless steel appliances a stove a sink and white cabinets
a living room with furniture or couch and a window
a living room with furniture wooden floor and a flat screen tv
a kitchen with cabinets stainless steel appliances and wooden floor
a living room with furniture and a window
a living room with furniture and a refrigerator
a living room with furniture a rug and a flat screen tv
a view of a hallway with elevator
a living room with furniture and a flat screen tv
a kitchen with stainless steel appliances a refrigerator sink and cabinets
a bathroom with a sink and a toilet
a utility room with dryer and washer
a view of a hallway with couch and wooden floor
a bathroom with a granite countertop sink a toilet and shower
front view of a building
a picture of a bathroom with a shower
a picture of a floor plan
a picture of a room with a white wall and a large window
a picture of floor plan
a picture of floor plan

Description

Prime corner location 6-unit rental in excellent condition and just 1.5 blocks from Logan Circle in Washington DC. Highly desirable and easy to rent, this investment property is ready to add to your portfolio. Its condition and location make it an ideal investment capable of commanding above market rents. Currently configured into five 1BRs and a massive 2BR, the building features 6,060 sf of MU-4 (mixed use) zoning. Currently, 5 units are operated under a corporate housing model that can be continued...Prime corner location 6-unit rental in excellent condition and just 1.5 blocks from Logan Circle in Washington DC. Highly desirable and easy to rent, this investment property is ready to add to your portfolio. Its condition and location make it an ideal investment capable of commanding above market rents. Currently configured into five 1BRs and a massive 2BR, the building features 6,060 sf of MU-4 (mixed use) zoning. Currently, 5 units are operated under a corporate housing model that can be continued or transitioned into yearly leases after the sale. One unit is under current lease that runs through April 2024. It has a two-car garage and driveway parking for two additional cars. Fully renovated in 2008, the units are outfitted with solid cherry hardwood floors, tall ceilings with recessed lights, and travertine marble baths with tubs and glass showers. the kitchens vary in size, but most include white quartz counters, stainless steel appliances, dishwashers and breakfast bars. Each unit has its own front loading washer/dryer. Heating and AC are electric heat pumps and the cooking fuel is gas. There are seven electrical meters including one for each unit and one house meter. Each unit has a 200 amp service and has been fully upgraded. Originally built in 1900, the building is historic and includes a L'Enfant façade easement. The front entry is grand with wood and glass french doors topped with a decorative leaded transom. The front and side yards are low maintenance stone and there are crepe myrtle trees all around. Unit B is a huge and bright 1BR/1.5BA in the basement with windows all around and its own separate entrance.. Unit 1F is a 1,400+ sf 2BR/2.5BA with tall ceilings, its own fireplace, a gourmet kitchen with a sub zero fridge and massive bedrooms, its own rear balcony. Unit 2F is a 1BR/1BA in the front with a large bay window and ample southern light and a stylish kitchen. Unit 2R is a 1BR/1BA with multiple exposures, a large bedroom, a quartz countered wrap-around kitchen and large entryway with multiple closets. Unit 3F is a 1BR/1BA on the top floor set into the mansard roof with a separate kitchen, big bedroom, a curved wall and a marble bath with glass shower. Unit 3R is a top floor 1BR w/sleek kitchen, large bedroom, great views and plenty of storage. Close to metro, bus lines, Whole Foods, bars, restaurants, yoga and fitness studios, downtown DC and more. 14th St, NW is a 5 minute walk.
  1. Listed by Philip C DiRuggiero • Engel & Volkers Washington, DC
    P: 2027252250 phil.diruggiero@engelvoelkers.com
  2. Listed by Nicolas Ross Makris • Engel & Volkers Washington, DC
    P: 7037279382 nic.makris@engelvoelkers.com

Property Details for 1101 P Street Northwest

Tax ID Number
0311//0003
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Victorian
Waterfront
No
Garage
Yes
Expected On Market Date
02-29-2024
Subdivision
LOGAN CIRCLE

Location

Listing Courtesy of Engel & Volkers Washington, DC
Add your commute
LISTING UPDATED: 04/02/2024 02:05 PM

Property Details for 1101 P Street Northwest

StatusActive Under Contract
MLS #DCDC2130116
Days on Market34
Taxes$11,797 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.04 AC / 1,583 SF
CountyDistrict of Columbia

Location

Listing Courtesy of Engel & Volkers Washington, DC
Add your commute

Building Information for 1101 P Street Northwest

Stories-Residences4Year Built1900Building Size-Lot Size0.04 AC / 1,583 SF

Payment Calculator

$15,145 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,162

Property Taxes

$983

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1101 P Street Northwest

Location
Location
  • In City Limits: Yes
  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District County ID: 121140357950
  • SchoolDistrictSource: 3rd Party
  • County: WASHINGTON
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $1,471,470
  • Year Assessed: 2022
  • County Tax: $0
  • Improvement Assessed Value: $992,610
  • City Town Tax: $11,797
  • Land Assessed Value: $478,860
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Historic: Yes
  • Zoning: MU-4
  • Zoning Dscrp: Mixed Use Permitted
  • Tax Lot: 3
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 5
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Units Furnished: Some
  • Units Leased Count: 1
  • Number Of Units Vacant: 5
  • Number Of Units Month To Month: 1
  • Rent Control: Yes
Financial Information
Expenses
  • Operating Expense: $30,896
Financial Information
  • Net Operating Income: $182,104
  • Annual Rental Income: $213,000
  • Cap Rate: 6.75
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Year Major Reno Remodel: 2008
  • Building Level Count: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Soil Types: Urban Land-Sassafras-Chillum
  • Parcel ID: 15976938
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Parking Garage, Driveway
  • Driveway - # of Spaces: 2
  • Parking Garage - # of Spaces: 2
  • Total Garage Spaces: 2
  • Garage Features: Basement Garage
Interior Features
Interior Features
  • Fireplace: Yes
  • Fireplaces Count: 2
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump - Electric BackUp
  • Heating Fuel: Electric
  • Hot Water: Natural Gas, Instant Hot Water, Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Capital Area Association of REALTORS
  • List Agent URL: www.GreenLineRE.com

Property History for 1101 P Street Northwest

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1101 P Street Northwest

Taxable ValueLand$478,860Additions$992,610Total$1,471,470
Tax Record2023$13,900 ($1,158 / month)
Home Facts
Total Finished SqFt6,060 SqFtAbove Grade Finished SqFt6,060 SqFtStories3Lot Size1,583 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900Year Renovated2009ZoningMU-4CountyDISTRICT OF COLUMBIAAPN0311 0003

Schools near 1101 P Street Northwest

This home is within District Of Columbia Public Schools.
Rating
School
Type
Grades
Distance
Seaton Elementary School
Public - PK to 5
Cardozo Education Campus
Public - 6 to 12
C.H.O.I.C.E. Academy @ Washington Met
Public - 7 to 12
Washington Metropolitan High School
Public - 7 to 12
Rating
School
Distance
Seaton Elementary School
PublicPK to 5

Cardozo Education Campus
Public6 to 12

C.H.O.I.C.E. Academy @ Washington Met
Public7 to 12

Washington Metropolitan High School
Public7 to 12

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Engel & Volkers Washington, DC

© 2024 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 04/02/2024 02:05 PM