UNDER CONTRACT
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Description
Introducing a prime investment opportunity (with an assumable mortgage) nestled in the vibrant community of Columbia Heights. This 4-unit building, listed at $1,399,900, presents an enticing prospect for savvy investors seeking immediate returns. Boasting a convenient location near the Georgia Ave- Petworth metro station and a plethora of amenities, this property is an attractive choice for both tenants and investors alike. Each unit features 2 bed(s)/1 ba, updated appliances inclusive of an in-unit washer dryer combo, and a private patio, offering residents the utmost convenience. What sets this investment apart is its stable tenancy arrangement. The property is leased with a voucher subsidy program, ensuring consistent rental income. Additionally, all tenants are on month-to-month leases, providing flexibility for new ownership. T-12 available upon request. Generating over $11,000/mo in rental income, this property promises a strong return on investment. Its desirable amenities and strategic location make it a standout choice in Columbia Heights' competitive real estate market. Don't miss out on this exceptional opportunity to own a profitable investment property in one of Washington, D.C.'s most sought-after neighborhoods. Schedule a showing today to explore the potential of this remarkable 4-unit building. T-12 available upon request. Photos are from prior sale. All units are currently occupied.
Home Highlights
Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$482
Listed
34 days ago
Home Details for 612 Newton Pl NW
Interior Features |
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Interior Details Number of Rooms: 16Types of Rooms: Basement |
Beds & Baths Number of Bedrooms: 8 |
Dimensions and Layout Living Area: 2904 Square Feet |
Appliances & Utilities Appliances: Dishwasher, Dryer, Disposal, Refrigerator, Washer, Gas Water HeaterDishwasherDisposalDryerRefrigeratorWasher |
Heating & Cooling Heating: Hot Water,Natural GasHas CoolingAir Conditioning: Central A/C,Natural GasHas HeatingHeating Fuel: Hot Water |
Fireplace & Spa No Fireplace |
Windows, Doors, Floors & Walls Flooring: Hardwood |
Levels, Entrance, & Accessibility Accessibility: Accessible DoorsFloors: Hardwood |
Exterior Features |
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Exterior Home Features Other Structures: Above Grade, Below Grade |
Parking & Garage No CarportNo GarageNo Attached GarageHas Open ParkingParking: On Street |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Approved System |
Days on Market |
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Days on Market: 34 |
Property Information |
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Year Built Year Built: 1931Year Renovated: 2017 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: QuadruplexStructure Type: OtherArchitecture: Contemporary |
Building Construction Materials: BrickNot a New Construction |
Property Information Condition: GoodParcel Number: 3038//0827 |
Price & Status |
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Price List Price: $1,399,900Price Per Sqft: $482 |
Status Change & Dates Possession Timing: 0-30 Days CD |
Active Status |
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MLS Status: ACTIVE UNDER CONTRACT |
Location |
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Direction & Address City: Washington |
School Information Elementary School District: District Of Columbia Public SchoolsJr High / Middle School District: District Of Columbia Public SchoolsHigh School District: District Of Columbia Public Schools |
Agent Information |
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Listing Agent Listing ID: DCDC2134038 |
Lot Information |
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Lot Area: 2765 sqft |
Listing Info |
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Special Conditions: Standard |
Offer |
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Listing Agreement Type: Exclusive AgencyListing Terms: Cash, Conventional |
Compensation |
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Buyer Agency Commission: 2.5Buyer Agency Commission Type: %Sub Agency Commission: 0Sub Agency Commission Type: $ |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Business Information Ownership: Fee Simple |
Rental |
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Owner Pays: Grounds Care, Heat, Gas, Sewer, Snow RemovalHas Rent Control |
Miscellaneous |
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Mls Number: DCDC2134038Zillow Contingency Status: Under Contract |
Last check for updates: about 16 hours ago
Listing courtesy of Taelor Salmon, (240) 447-0711
Coldwell Banker Realty - Washington
Source: Bright MLS, MLS#DCDC2134038
Price History for 612 Newton Pl NW
Date | Price | Event | Source |
---|---|---|---|
04/25/2024 | $1,399,900 | Contingent | Bright MLS #DCDC2134038 |
03/25/2024 | $1,399,900 | Listed For Sale | Bright MLS #DCDC2134038 |
03/07/2017 | $1,219,000 | Sold | N/A |
01/21/2017 | $1,200,000 | Pending | Agent Provided |
01/18/2017 | $1,200,000 | PendingToActive | Agent Provided |
01/12/2017 | $1,200,000 | Pending | Agent Provided |
12/22/2016 | $1,200,000 | Listed For Sale | Agent Provided |
01/12/2005 | $480,000 | Sold | N/A |
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Property Taxes and Assessment
Year | 2023 |
---|---|
Tax | $10,167 |
Assessment | $1,215,660 |
Home facts updated by county records
Comparable Sales for 612 Newton Pl NW
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
---|---|---|---|---|---|---|---|
0.13 | Multi-Family Home | $900,000 | 12/08/23 | 4 | - | 3,360 | |
0.26 | Multi-Family Home | $1,030,000 | 02/29/24 | 6 | - | 2,595 | |
0.45 | Multi-Family Home | $2,249,492 | 01/12/24 | 7 | - | 4,032 | |
0.28 | Multi-Family Home | $375,000 | 11/13/23 | 5 | - | 1,974 | |
0.95 | Multi-Family Home | $1,400,000 | 05/04/23 | 9 | - | 3,962 | |
1.20 | Multi-Family Home | $1,400,000 | 12/27/23 | 9 | - | 2,800 | |
1.51 | Multi-Family Home | $1,175,000 | 11/03/23 | 8 | - | 2,800 | |
1.39 | Multi-Family Home | $1,100,000 | 09/05/23 | 6 | - | 2,788 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Park View
- Trulia User
- Visitor
- 11mo ago
"Everyone seems to have a dog. All dogs seem to be nice and well-mannered. I like what the city has done with the parks in the area."
- Trulia User
- Prev. Resident
- 1y ago
"Great area clean place some of the areas can be a bit much but I think that’s anywhere that you move now a days "
- Tetiana D.
- Resident
- 3y ago
"Plenty of green spaces to walk around on leash and many neighbors have dogs. Downside is dog park isn’t super close and not the best in comparison with others in the city."
- Mignon.whit
- Resident
- 3y ago
"for the summer the have movie night free for everyone. hook x hall have a year round farmers market. "
- Kelly D.
- Resident
- 4y ago
"Very friendly residential area that feels different from downtown DC while being very close to the city. "
- Mariela I. G.
- Resident
- 4y ago
"First neighborhood I lived in DC. It was a great little place with new restaurants and bars opening up. "
- Pshuot
- Visitor
- 5y ago
"This is a quiet and friendly neighborhood. The neighbors are wonderful and will help if you need anything."
- Rita D.
- Resident
- 5y ago
"When everybody comes together and supports each other, and when we come together to make things happen make this place unique."
- Rbenish16
- Resident
- 6y ago
"Been here 10 years and love it. Great diverse neighborhood and new businesses are opening all the time."
- Nshelter8
- Resident
- 6y ago
"I’ve lived here for a year. Timber Pizza is great and there’s a park and small track nearby. There’s also some crime in the area."
- Jeffrey S.
- 10y ago
"Beautiful home close to everything. Friendly neighborhood and very safe. Private parking makes this the perfect home."
- pmr425
- 12y ago
"This neighborhood is extremely charming, largely quiet, and pet friendly. Also, it is within walking distance to the subway, grocery stores, post office and resturants. In the the Spring lovely flower trees, beautiful plants, and urban gardens are everwhere. During the Fall colorful failage adorn the streets. The neighbors are friendly and readily assit with policing the community to ensure safety of its residents. People speak and look out for one another like folk did years ago. Although, a lot of the homes were built in the mid 1900s, many of them have been updated and renovated. This neighborhood is highly recomended to new families and established ones alike. Truly, this community has a wealth of history you will enjoy and treasure. "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Taelor Salmon, Coldwell Banker Realty - Washington
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, and is provided by BRIGHT through a licensing agreement.
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The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.