515 Constitution Avenue Northeast
Listed By Compass
Listed By Compass

Description
All 4 units offer tall ceilings, beautiful original mantels and tilework on decorative fireplaces, nice original doors and trim throughout, including the main hallway staircase banister and spindles. The upper 3 units have pretty pine floors,...Rare opportunity to purchase a FULLY-TENANTED, pretty bayfront Victorian 4 unit property in PRIMO location steps to Stanton Park, Union Station Metro, Eastern Market, US Capitol Complex and everything the Hill has to offer. Walk Score of 92, Bike Score of 97.
All 4 units offer tall ceilings, beautiful original mantels and tilework on decorative fireplaces, nice original doors and trim throughout, including the main hallway staircase banister and spindles. The upper 3 units have pretty pine floors, their living areas at front get good light from large bay windows, their updated kitchens have a single run of upper and lower cabinets w/formica countertops, bathrooms are updated and each includes a linen closet. The upper 2 units have quite large screened-in porches providing 3-season additional space to relax and unwind. On the main level unit that porch space has been enclosed w/windows and incorporated into the unit as an un-conditioned sun room, along w/private stairs to backyard.
The spacious-feeling lower level studio unit is carpeted, has 8’ tall ceilings, a large walk-in closet, an updated bathroom, newer L-shaped open kitchen w/formica countertops, and direct access to the spacious shared fully-fenced backyard patio where tenants enjoy relaxing and entertaining, sheltered by a large tree. There is a gate for pedestrian access to the alley, making it easy for bikes/strollers.
Well-maintained building: screened-in rear porches were recently re-built and re-supported; brickwork was repointed on sides and at rear; the main hallway was recently repainted and re-carpeted; and the newish metal roof was recoated in the past 5 years. There is a single boiler for heat to the building, a single 75 gallon water heater for the building. These systems are located in a separate space on lower level, accessed from outside the building through pedestrian gate to alley. Each unit has 1 window unit A/C that conveys w/sale. Each unit has its own electric meter and electricity is paid individually by each unit. Gas is paid by owner.
The 3 1BR/1BA units on upper floors are each month to month, the lease on the lower level studio unit ends 12/31/24. Subject to rent control, the 2023 annual rent was $72,223 and the 2024 monthly rent roll totals $6502 ($78,024 per year). TOPA notice will be given. This property has had VERY little turnover, 3 are long-term tenants. PROPERTY CONVEYS WITH TENANTS IN PLACE. Property offers possibilities for investor looking to take over a FULLY-TENANTED 4-unit property, or for a savvy owner-occupier who might wish to occupy one or more units for themselves and continue renting out the others. All prospective buyers are advised to run numbers w/a financial advisor knowledgeable about DC TOPA regarding 4 unit buildings, and see how this may work financially BEFORE attempting to see the property. To avoid unnecessarily inconveniencing tenants, seller is requiring proof of funds or lenders letter before scheduling all showings. Shown strictly by appointment during business hours, w/minimum 24 business hour advance notice. Initial showings are likely to be for just one of the 4 occupied units, arrangements to view other units would be made w/submission of an offer to purchase the property. TENANTS CONVEY WITH THE SALE OF THE PROPERTY. Note that sf figures are not to be used for valuation purposes.
Listing Agents
- jeanneharrisondc@compass.com
P: (202)-841-7717
- phil.guire@compass.com
P: (202)-255-8401
Property Details for 515 Constitution Avenue Northeast
Property Details for 515 Constitution Avenue Northeast
Status | Active |
---|---|
MLS # | DCDC2146612 |
Days on Market | 244 |
Taxes | $13,516 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1907 |
Lot Size | 0.03 AC / 1,337 SF |
County | District of Columbia |
Buyer's Agent Compensation | 3% |
Building Information for 515 Constitution Avenue Northeast
Property Information for 515 Constitution Avenue Northeast
- In City Limits: Yes
- Transportation: Airport less than 10 miles, Bus Stop less than 1 mile, 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: 2024
- Tax Assessed Value: $1,608,180
- Year Assessed: 2024
- Improvement Assessed Value: $938,290
- City Town Tax: $13,516
- Land Assessed Value: $669,890
- Clean Green Assessed: No
- Municipal Trash: Yes
- Land Use Code: 0
- Zoning: RESIDENTIAL
- Tax Lot: 42
- Automatically Update Tax Values Y/N: Yes
- TaxDataUpdatedYN: No
- Single Room Units Count: 1
- One Bedroom Units Count: 3
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 0
- Other Units: Unit 1,Unit 2,Unit 4,Unit 3
- Units Furnished: None
- Units Leased Count: 4
- Number Of Units Vacant: 0
- Number Of Units Month To Month: 3
- Rent Control: Yes
- Type: Unit 1
- Unit Type Occupied YN: Yes
- Unit Type Finished SQFT: 679
- Unit Type Lease Type: Yearly
- Beds Total: 0
- Full Baths Count: 1
- Unit Type Features: Basement studio, WIC, open L-shaped kitchen, easy access to backyard
- Type: Unit 2
- Unit Type Occupied YN: Yes
- Unit Type Finished SQFT: 895
- Unit Type Lease Type: Month to Month
- Beds Total: 1
- Full Baths Count: 1
- Unit Type Features: 1BR on main level, w/decorative FP mantel, enclosed sunroom at rear, easy access to backyard
- Type: Unit 4
- Unit Type Occupied YN: Yes
- Unit Type Finished SQFT: 777
- Unit Type Lease Type: Month to Month
- Beds Total: 1
- Full Baths Count: 1
- Unit Type Features: 1BR on 3rd (top) floor w/large private screened in porch
- Type: Unit 3
- Unit Type Occupied YN: Yes
- Unit Type Finished SQFT: 777
- Unit Type Lease Type: Month to Month
- Beds Total: 1
- Full Baths Count: 1
- Unit Type Features: 1BR on 2nd floor, has large private screened in porch at rear
- Water Avg Month: $250
- Water Prev 12 Months: $3,005
- Electric Avg Month: $43
- Electric Prev 12 Months: $514
- Gas Avg Month: $253
- Gas Prev 12 Months: $3,035
- Annual Rental Income: $72,223
- Existing Lease Type: Long Term, Month to Month, Yearly
- Building Units Total: 4
- Total Finished SQFT: 2,919.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 2,919.00
- Total SQFT: 3,108.00
- Total SQFT Source: Assessor
- Elevators Count: 0
- Construction Materials: Brick
- Roof: Metal
- Wall and Ceiling Types: 9'+ Ceilings, Dry Wall, High, Plaster Walls
- Flooring Type: Wood, Carpet
- Basement Type: Daylight, Partial, Front Entrance, Rear Entrance, Walkout Stairs, Windows
- Foundation Details: Permanent
- Other Structure: Above Grade, Below Grade
- Lot Size Source: Assessor
- Soil Types: Unknown
- Parcel ID: 15988311
- Ground Rent Exists: No
- Type Of Parking: On Street
- Interior Features: Carpet, Entry Level Bedroom, Flat, Studio, Bathroom - Tub Shower, Walk-in Closet(s), Wood Floors
- Fireplace: No
- Appliances: Disposal, Oven/Range - Electric, Oven/Range - Gas, Refrigerator, Water Heater
- Accessibility Features: None
- Door Features: Six Panel
- Spa: No
- Exterior Features: Extensive Hardscape
- Pool: No Pool
- Heating: Yes
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas, 60+ Gallon Tank
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Greater Capital Area Association of REALTORS
Property History for 515 Constitution Avenue Northeast
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 515 Constitution Avenue Northeast
Schools near 515 Constitution Avenue Northeast
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 1 to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 8 |
Rating | School | Distance |
---|---|---|
Watkins Elementary School Public1 to 5 | ||
Stuart-Hobson Middle School Public6 to 8 | ||
Eastern High School Public9 to 12 | ||
Capitol Hill Montessori @ Logan PublicPK to 8 |
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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
© 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 01/23/2025 11:17 AM