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508 Rhode Island Ave NwWashington, DC 20001MLS Number DCDC2000171

  • Price: $1,225,000
  • 55 Days on Market
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Federal 30-year interest rate: 3.11% last updated on Dec 2, 2021
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Active with Contract
508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001508 Rhode Island Ave Nw Washington DC 20001
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  • 0.02Acreage
  • 1881Year Built
  • 613Price Per Square Foot
  • 3Units
Here's your second chance for this phenomenal opportunity to own a commercial property with HIGH visibility on Rhode Island Ave NW. The mixed use zoning allows for a variety of uses including retail, office, residential, etc. (buyer to verify their intended use). Live/work from one unit and lease the other two! Rich with history, the stunning top-to-bottom conversion of this historic DC row house boasts three beautifully designed one bedroom units that will provide amazing cash flow for years to come. Whether you're looking to owner occupy one unit or lease all three - your finances will surely appreciate this brilliant long-term investment. Enjoy close proximity to delightful restaurants, great grocery stores, bars, nightlife and entertainment. Labeled a "Walker's Paradise," you'll never need a car and if you need to move around town, do so easily with quick access to Metrorail, bus, Capital Bike Share, Scooters, and more! Each unit features premium finishes including bamboo floors, quartz counters, designer baths with Porcelanosa tile and Restoration Hardware fixtures and vanities, gas cooking, gorgeous lighting, and NEST thermostats. The building is prepared for condo conversion (fire suppression systems installed) and boasts high caliber insulation and large sound-proof windows. The ground level and first level units are vacant and ready for new tenants of your choosing. Don't miss out on this wonderful investment in DC's hottest neighborhood.
Listed by Mark Oliver Meyerdirk, Urban Brokers,LLC

Driving Directions

Yeonas & Shafran Real Estate, LLC
Yeonas & Shafran Real Estate, LLC
Office: 703-790-3330
1309 Vincent Pl
McLean, VA 22101

More Info

Basic Information

  • Broker NameUrban Brokers, LLC
  • List Price$1,225,000
  • MLS NumberDCDC2000171
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot613
  • Sale Date12/22/2021
  • StatusActive With Contract
  • Units3
  • Vacation Rental YNN

Property

  • Acreage0.02
  • Business TypeApartment Building
  • Lot Size SourceEstimated
  • Lot Size Square Feet913
  • New Construction YNN
  • Property SubTypeMixed Use
  • ZoningRES

Interior

  • Clear Span Ceiling Height8' to 10'
  • FlooringConcrete, Wood

Amenities

  • Accessibility AmenitiesNone

Other

  • Soil TypesUnknown

Tax Information

  • Assessment Year2020
  • City Town Tax8550
  • City Town Tax Payment FrequencyAnnually
  • Tax Assessment Amount1038280
  • Tax Lot20
  • Tax Year2020
  • Taxes$8,550
  • Total Taxes Payment FrequencyAnnually

Building

  • Building Area SourceEstimated
  • Building Area Total2000
  • Construction MaterialsBrick
  • FoundationBrick/Mortar
  • Garage Spaces
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Total Garage And Parking Spaces
  • Total Restrooms3
  • Year Built1881
  • Year Built Effective2015

Water Body

  • Tidal Water YNN
  • Water AccessN
  • Water View YNN
  • WaterfrontN

Parking

  • Assigned Parking Spaces
  • Parking TypesOn Street

Basic Information

  • Date Listed10/15/2021

Location

  • Address508 Rhode Island Ave Nw
  • Building Number508
  • CountyWashington
  • Cross Street6th Street NW
  • DirectionsFrom downtown, take 6th St North, Turn Right on RI Ave and Building is immediately on the right. Fantastic location in the hear of Shaw and blocks to Howard University, Bloomingdale, Logan, and so much more!
  • In City Limits YNY
  • StateDC
  • SubdivisionShaw
  • TownWashington
  • Water Oriented YNN
  • Zip20001

Utilities

  • Central Air YNY
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Heat SystemForced Air, Central
  • Heating FuelElectric
  • Heating YNY
  • SewerPublic Sewer
  • Water HeaterElectric
  • Water SourcePublic

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Copyright 2021 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Yeonas & Shafran Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated December 8, 2021. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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