525 7TH STREET NE, WASHINGTON, DC 20002
WASHINGTON County
Key Facts
Description
Rare value-add opportunity to purchase 9 unit building with rent upside in Capitol Hill. The building has 2 vacancies and the most recent lease signed was at $3,100/month (HCVP) for a renovated 2 bedroom/1 bath. Rents for legacy tenants are lower. Pro forma NOI is almost $175,000, a 7.8% cap at the list price. The building has comparably large units for the area. Out of 9 units, 5 have already been converted to 2 bedroom/ 1 bath. The rest of the units are 1 bedrooms and there is an opportunity to convert them to 2s on turns. Utilities are sub metered. All units feature central heat and 5 also have central cooling (the others have window A/C). There are 4 parking spaces in the rear. The property is in historic Capitol Hill. Walk score is 83. Nearby amenities include Whole Foods (0.3 mi), Union Station (0.7 mi), Trader Joe's (0.9 mi), and Stanton Park (0.3 mi).
Property Information
Property Type
Commercial Sale
Year Built
1954
Living Area
7,506 sq ft
Lot Size
0.05 acres
Parking Spaces
4
Zoning
RF-1
Days on Market
1
MLS® Listing#
DCDC2266894
Property Features
Appliances
Cooling
Heating
Parking
Construction
Sewer
Water Source
Schools
- District:
- DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Financial Details
Annual Taxes
$12,543
Tax year 2025
Assessed Value
$1,327,180
Parcel Number
0892//0030
Directions
GPS
Affordability Calculator
$450,000
Estimated monthly payment
$11,975/mo
Principal $1,800,000 · Est. interest $2,511,160 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in WASHINGTON, DC
- $549,388
- Median Listing Price
- 67
- Median Days on Market
- 1,250
- Median Sq Ft
- $477
- Median Price / Sq Ft
- 2,835
- Active Listings
- This home’s price is 310% above the area median.
- Its price per sq ft is 37% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in WASHINGTON, DC.
Location
Points of Interest in WASHINGTON, DC
Showing the WASHINGTON area map.
Nearby Schools
Kiddie University Capitol Hill Child Care
School · 0.1 mi away
Ludlow-Taylor Elementary School
Elementary · 0.1 mi away
School Within School
School · 0.2 mi away
American Studies Program
School · 0.2 mi away
Stuart-Hobson Middle School
Secondary · 0.2 mi away
University for Kids H Street Child Care
School · 0.3 mi away
Peabody Elementary School
Elementary · 0.4 mi away
Capitol Hill Montessori
Elementary · 0.4 mi away
Brent Elementary School
Elementary · 0.4 mi away
J.O. Wilson Elementary School
Elementary · 0.4 mi away
Maury Elementary School
Elementary · 0.5 mi away
Kingsman Academy Public Charter School
School · 0.5 mi away
Pierce School
School · 0.6 mi away
Capitol Hill Cooperative Play School
Elementary · 0.6 mi away
Center City Public Charter School
Elementary · 0.6 mi away
Wheatley Education Campus
Elementary · 0.6 mi away
Apa
Secondary · 0.6 mi away
Miner Elementary School
Elementary · 0.7 mi away
Starling Montessori School
Elementary · 0.7 mi away
Two Rivers Public Charter School
Elementary · 0.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 45 SUTTON SQUARE SW 403, WASHINGTON, DC | $1,575,000 | 3 | 2 | 1,269 |
| 21 16TH STREET SE, WASHINGTON, DC | $1,575,000 | 4 | 5 | 3,380 |
| 1500 OGDEN STREET NW, WASHINGTON, DC | $1,580,000 | 9 | — | 3,500 |
| 1500 OGDEN STREET NW, WASHINGTON, DC | $1,580,000 | — | — | 3,500 |
| 1823 1/2 16TH STREET NW, WASHINGTON, DC | $1,585,000 | 3 | 4 | 2,902 |
| 1810 13TH STREET NW, WASHINGTON, DC | $1,590,000 | 4 | 4 | 3,883 |
Moving Cost Estimate
EXIT Agents in WASHINGTON
Listing Courtesy: Keller Williams Capital Properties - 2022437700