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612 Newton Place NW

Washington, DC 20010

– beds
– baths
2,904 sqft
2,765 sqft lot
$482 per sqft
1931 build

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.

Listing courtesy of BRIGHT / Coldwell Banker Realty - Washington

Last checked: Checking… • Last updated Apr 25, 2024 •

MLS# DCDC2134038 —

The Building

Year Built:

1931
Year Built Source:

Assessor
Year Major Reno/Remodel:

2017
New Construction:

No
Construction Materials:

Brick
Structure Type:

Other
Architectural Style:

Contemporary
Building Units Total:

4
Accessibility Features:

32
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

2904

Interior

Interior Features:

Breakfast Area, Combination Kitchen/Living, Combination Dining/Living, Floor Plan - Open, Flat, Formal/Separate Dining Room
Room Count:

16
Flooring Type:

Hardwood
Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

2904
Living Area SqFt:

2,904 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional
Possession:

0-30 Days CD

Location

Directions:

Newton Pl NW
Latitude:

38.93379000
Longitude:

-77.02269000

The Property

Property Type:

Multi-Family
Property Sub Type:

Quadruplex
Property Condition:

Good
Lot Size Units:

Square Feet
Lot Size Acres:

0.06
Lot Size Source:

Assessor
Lot SqFt:

2,765 Sqft
Zoning:

R1
In City Limits:

Yes
Other Structures:

Above Grade, Below Grade
Water View:

No
Soil Types:

Chillum-Urban Land Complex
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

3038//0827
Tax Year:

2022
Tax Lot:

827
Tax Annual Amount:

$9,460
Tax Assessed Value:

$1,196,080
Year Assessed:

2022
City/Town Tax:

9460.00
Total Taxes Pymnt Freq:

Annually

The Listing

Buyer's Brokerage Compensation:

2.5%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Natural Gas
Heating:

Yes
Heating Type:

Hot Water
Heating Fuel:

Natural Gas

Utilities

Sewer Septic:

Approved System
Hot Water:

Natural Gas
Water Source:

Community, Private, Public

Appliances

Appliances:

Dishwasher, Dryer, Disposal, Refrigerator, Washer

Schools

School District Name:

District Of Columbia Public Schools
School District Source:

Listing Agent

The Community

Pool:

No Pool
Association Recreation Fee:

No
Cap Rate:

7.90

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Number Of Units:

4
Vacation Rental:

No
Two Bedroom Units:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/25/24 Apr 25, 2024	Sold Subject To Contingencies	BRIGHT	$1,399,900
3/25/24 Mar 25, 2024	Listed / Active	BRIGHT	$1,399,900

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This multifamily located in Northwest Washington, Washington, DC 20010 is currently for sale for $1,399,900. 612 Newton Place NW is a 2,904 square foot multifamily with – beds and – baths. 612 Newton Place NW is in the Northwest Washington neighborhood of Washington and has a WalkScore® of 79, making it very walkable. This multifamily is in the attendance area of Bruce Monroe Elementary School At Park View, Macfarland Middle School, and Roosevelt High School At Macfarland.

Listing Courtesy of: BRIGHT and Coldwell Banker Realty - Washington.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.