Listed by Timothy D Phelps, Compass
Welcome to 113 15th Street SE, a fully renovated two-unit building (2021 & 2026) ideally located in the heart of Capitol Hill, offering exceptional flexibility for both investors and owner-occupants seeking rental income. The main residence features a spacious 4-bedroom, 2.5-bath layout that lives like a single-family home and is well-suited for an owner-occupant. The lower-level English basement is a separate 2-bedroom, 1-bath unit with private exterior access, offering an excellent opportunity for long-term leasing or short-term rentals. A shared rear patio and potential off-street parking. The property is vacant and ready for immediate occupancy or leasing. Electric is separately metered, while water is shared. Based on prior tenancy, the lower-level unit was rented for approximately $2,467 per month, and the upper-level unit for approximately $4,753 per month, for a combined gross monthly rent of approximately $7,220. Located just minutes from Metro, neighborhood parks, shops, dining, and major commuter routes, this property offers the rare ability to combine comfortable Capitol Hill living with income flexibility. The property is well-positioned for an investor seeking to rent both units or for an owner-occupant looking to offset housing costs through rental income, with long-term or mixed-use strategies available.

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