1500 Columbia Rd NW
Washington, DC 20009
Columbia Heights
12 Beds
2,909 sqft
12 Beds
2,909 sqft
Local Information
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Description
**New price adjustment on April 20th** Marcus & Millichap is pleased to exclusively present a fully renovated four-unit apartment buildings located at 1500 Columbia Road NW (4 -3BR/2 BA) in the highly desirable Columbia Heights / Shaw submarket of Northwest Washington, D.C. The offering represents a rare opportunity to acquire a renovated multifamily asset with strong in-place cash flow, multiple exit strategies, and long-term appreciation upside in one of the District’s most resilient rental markets. There is also an option to purchase 543 Florida Avenue NW (4-2BR/1 BA) in the same submarket. The portfolio consists of eight total units across two separately metered buildings, offering buyers flexibility to acquire individually or as a combined investment. Both assets have undergone substantial renovations, including modernized interiors and upgraded building systems, reducing near-term capital expenditure risk and providing immediate operational stability. From a financial standpoint, the properties deliver attractive going-in CAP rates ranging from approximately 6.99% to 7.39%, with NOI of approximately $271,000 combined, and strong Debt Coverage Ratios (1.30x–1.38x). Shaw Duo offers strong in-place income, and market-supported rent growth in a low vacancy submarket. A ProForma CAP rate of 8.81% for 1500 Columbia Road NW. These four-unit buildings also present an exceptional opportunity for owner-occupants seeking to offset housing costs through rental income. FHA financing is available for qualified buyers, significantly expanding the buyer pool. In high-cost markets such as Washington, D.C., the 2026 FHA loan limit for a four-unit property is approximately $2.4 million, allowing buyers to acquire these assets with low down payment requirements while benefiting from market-rate rents. With close proximity to Howard University, this opportunity is also well-suited for parents purchasing housing for a student while renting the remaining units to fellowstudents or young professionals. This strategy enables parents to convert housing expenses into a long-term investment, offset ownership costs through rental income, and retain a highly marketable asset upon graduation. The unit layouts, neighborhood amenities, and transit access align well with student and early-career renter demand, making this a compelling alternative to traditional student housing or condominium ownership. Columbia Heights remains one of Washington, D.C.’s most transit-oriented, and demographically diverse submarkets. Anchored by the Columbia Heights Metro Station (Green/Yellow Lines) and the 14th Street NW commercial corridor, the neighborhood benefits from exceptional walkability, dense retail amenities, and proximity to maj
Home Highlights
Parking
Open Parking
Outdoor
Porch
A/C
Heating & Cooling
HOA
None
Price/Sqft
$997
Listed
126 days ago
Home Details for 1500 Columbia Rd NW
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Interior Details Basement: FullNumber of Rooms: 1Types of Rooms: Basement |
Beds & Baths Number of Bedrooms: 12 |
Dimensions and Layout Living Area: 2909 Square Feet |
Appliances & Utilities Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Ice Maker, Microwave, Oven/Range - Gas, Range Hood, Refrigerator, Washer, Electric Water HeaterDishwasherDisposalDryerMicrowaveRefrigeratorWasher |
Heating & Cooling Heating: Hot Water,Natural GasHas CoolingAir Conditioning: Central Air,ElectricHas HeatingHeating Fuel: Hot Water |
Fireplace & Spa No Fireplace |
Levels, Entrance, & Accessibility Accessibility: None |
View No View |
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Exterior Home Features Patio / Porch: PorchOther Structures: Above Grade, Below GradeExterior: BalconyFoundation: Concrete PerimeterNo Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageHas Open ParkingParking: On Street |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Days on Market: 126 |
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Year Built Year Built: 1900 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: TownhouseStructure Type: End of Row/TownhouseArchitecture: Victorian |
Building Construction Materials: BrickNot a New Construction |
Property Information Not Included in Sale: NoneIncluded in Sale: NoneParcel Number: 2577//0035 |
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Price List Price: $2,899,000Price Per Sqft: $997 |
Status Change & Dates Possession Timing: Close Of Escrow |
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MLS Status: ACTIVE |
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Direction & Address City: WASHINGTONCommunity: Columbia Heights |
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 |
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Listing Agent Listing ID: DCDC2244846 |
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Building Area Building Area: 3091 Square Feet |
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Lot Area: 1737 sqft |
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Special Conditions: Standard |
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Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional, FHA |
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Business Information Ownership: Fee Simple |
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Are Units Furnished: None |
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BasementMls Number: DCDC2244846 |
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Source Internet Entire Listing Display: Y |
Last check for updates: about 2 hours ago
Listing courtesy of Lorenzo Wooten, (202) 536-3742
Marcus & Millichap Real Estate
Source: Bright MLS, MLS#DCDC2244846
Also Listed on Bright MLS.
Market trends in Washington
Last updated May 2026
Avg. sale price
$633K
$9.75KMoM
Sale-to-List Price
99.2%
0.7%MoM
Price per sq ft
$482
$10MoM
Available listings
3239
118MoM
Price History for 1500 Columbia Rd NW
| Date | Price | Event | Source |
|---|---|---|---|
| 06/04/2026 | $2,899,000 | PriceChange | Bright MLS #DCDC2244846 |
| 04/17/2026 | $1,899,000 | PriceChange | Bright MLS #DCDC2244846 |
| 03/27/2026 | $2,170,000 | PriceChange | Bright MLS #DCDC2244846 |
| 02/06/2026 | $2,250,000 | Listed For Sale | Bright MLS #DCDC2244846 |
| 12/05/2019 | $2,400 | ListingRemoved | Agent Provided |
| 11/20/2019 | $2,400 | PriceChange | Agent Provided |
| 10/23/2019 | $2,700 | PriceChange | Agent Provided |
| 10/16/2019 | $2,895 | Listed For Rent | Agent Provided |
| 08/12/2017 | $2,400,000 | ListingRemoved | Agent Provided |
| 08/07/2017 | $2,400,000 | Listed For Sale | Agent Provided |
| 04/20/2017 | $3,500 | ListingRemoved | Agent Provided |
| 02/27/2017 | $3,500 | Listed For Rent | Agent Provided |
| 12/02/2015 | $975,000 | Sold | N/A |
| 06/23/2015 | $974,500 | Pending | Agent Provided |
| 05/20/2015 | $974,500 | Listed For Sale | Agent Provided |
| 10/12/2001 | $299,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $9,583 |
| Assessment | $1,176,570 |
Home facts updated by county records
Comparable Sales for 1500 Columbia Rd NW
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.24 | Multi-Family Home | $725,000 | 12/02/25 | 4 | - | 2,432 | |
0.40 | Multi-Family Home | $1,075,000 | 01/29/26 | 4 | - | 3,895 | |
0.36 | Multi-Family Home | $1,751,000 | 11/24/25 | 7 | 6 | 4,694 | |
0.58 | Multi-Family Home | $1,385,000 | 03/30/26 | 5 | - | 3,635 | |
0.23 | Multi-Family Home | $985,000 | 12/04/25 | - | 4,075 | ||
0.75 | Multi-Family Home | $1,721,211 | 09/22/25 | 10 | - | 4,088 | |
0.70 | Multi-Family Home | $920,000 | 11/21/25 | 4 | - | 2,322 | |
0.71 | Multi-Family Home | $2,060,000 | 01/09/26 | 12 | - | 5,607 | |
0.88 | Multi-Family Home | $899,900 | 01/30/26 | 4 | 4 | 2,880 | |
0.67 | Multi-Family Home | $432,200 | 04/28/26 | 5 | 4 | 1,536 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
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Assigned Schools
These are the assigned schools for 1500 Columbia Rd NW.
- Cardozo Education Campus
- 6-12
- Public
- 706 Students
3/10GreatSchools RatingParent Rating AverageThis school has been very frustrating because Cardozo has so much potential, but it will never be met with short sightedness and high turnover. Principal needs to go!Teacher Review7y ago - H.D. Cooke Elementary School
- PK-5
- Public
- 389 Students
4/10GreatSchools RatingParent Rating AverageHD Cooke and the staff there has been a great support to me and my granddaughter. I greatly appreciate all of them. Great School. 10 stars if I could.Parent Review4mo ago - Columbia Heights Education Campus
- 6-12
- Public
- 1494 Students
6/10GreatSchools RatingParent Rating AverageThe school can do some work but they are doing the right thing, they are giving kids a future to succeed, Keep it up.Other Review5y ago 
Check out schools near 1500 Columbia Rd NW.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Columbia Heights
At least 125 Trulia users voted on each feature.
93 % Say there are sidewalks
92 % Say it's dog friendly
92 % Say it's walkable to restaurants
90 % Say it's walkable to grocery stores
76 % Say streets are well-lit
62 % Say kids play outside
61 % Say people would walk alone at night
54 % Say neighbors are friendly
50 % Say there's holiday spirit
50 % Say yards are well-kept
46 % Say they plan to stay for at least 5 years
44 % Say parking is easy
37 % Say it's quiet
35 % Say there are community events
29 % Say car is needed
29 % Say there's wildlife
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Lorenzo Wooten, Marcus & Millichap Real Estate
Agent Phone: (202) 536-3742
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.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2026 Bright MLS, Inc. Click here for more information
1500 Columbia Rd NW, Washington, DC 20009 is a 12 bedroom, 2,909 sqft multi-family built in 1900. 1500 Columbia Rd NW is located in Columbia Heights, Washington. This property is currently available for sale and was listed by Bright MLS on Feb 6, 2026. The MLS # for this home is MLS# DCDC2244846.