55 P Street Nw Washington, DC 20001

$692,500
3
Beds
3
Baths
0.04
Acres
1,272
SQFT
544
$/SQFT
$692,500
3
Beds
3
Baths
1,272   sf
$544 / sf
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Investor’s Dream – Prime Development Opportunity in Truxton Circle!Unlock the potential of this classic two-level rowhouse in the sought-after RF-1 zoned district, offering significant value-add potential in one of Washington, D.C.'s fastest-growing neighborhoods. Whether you're looking for a fix-and-flip project, a buy-and-hold rental investment, or an expansion opportunity, this property is brimming with possibilities.Key Features:3 Bedrooms | 1 Bath – A well-laid-out floor plan with ample space to reconfigure or modernize.RF-1 Zoning – Potential for conversion into a multi-unit property, maximizing rental income or resale value.Bright and Spacious Layout – Large windows fill the living spaces with natural light, highlighting the home's charm and historic character.Separate Dining Room & Living Area – Ideal for redesigning into an open-concept space or keeping the classic structure.Deep Backyard – Provides off-street parking potential or space for an addition/expansion.Investor Advantages:High Appreciation Area – Truxton Circle continues to see strong appreciation, fueled by its proximity to downtown D.C., Union Market, and major transit hubs.Minutes to Union Station & the Capitol – Perfect for attracting high-income renters or professionals seeking prime access to D.C.'s core.Strong Rental Demand – With D.C.'s robust rental market, a renovated version of this home could command premium rental rates.Opportunity to Build Equity Quickly – Ideal for investors looking to renovate and resell, as surrounding renovated homes have sold for significantly higher prices.Comparable Homes in the Area:Recently renovated rowhouses with similar layouts have sold for over $900K, highlighting the profit potential for a well-executed renovation.Rental properties in the area are leasing for $3,500+ per month, making this an attractive buy-and-hold opportunity.With the right vision and updates, this property can be transformed into a high-value asset—whether you’re planning a full-scale renovation for resale or creating a long-term rental investment.🔹 Don’t miss out on this lucrative opportunity! Schedule your showing today and bring your contractor or architect to explore the possibilities.

Investor’s Dream – Prime Development Opportunity in Truxton Circle!Unlock the potential of this classic two-level rowhouse in the sought-after RF-1 zoned district, offering significant value-add potential in one of Washington, D.C.'s fastest-growing neighborhoods. Whether you're looking for a fix-and-flip project, a buy-and-hold rental investment, or an expansion opportunity, this property is brimming with possibilities.Key Features:3 Bedrooms | 1 Bath – A well-laid-out floor plan with ample space to reconfigure or modernize.RF-1 Zoning – Potential for conversion into a multi-unit property, maximizing rental income or resale value.Bright and Spacious Layout – Large windows fill the living spaces with natural light, highlighting the home's charm and historic character.Separate Dining Room & Living Area – Ideal for redesigning into an open-concept space or keeping the classic structure.Deep Backyard – Provides off-street parking potential or space for an addition/expansion.Investor Advantages:High Appreciation Area – Truxton Circle continues to see strong appreciation, fueled by its proximity to downtown D.C., Union Market, and major transit hubs.Minutes to Union Station & the Capitol – Perfect for attracting high-income renters or professionals seeking prime access to D.C.'s core.Strong Rental Demand – With D.C.'s robust rental market, a renovated version of this home could command premium rental rates.Opportunity to Build Equity Quickly – Ideal for investors looking to renovate and resell, as surrounding renovated homes have sold for significantly higher prices.Comparable Homes in the Area:Recently renovated rowhouses with similar layouts have sold for over $900K, highlighting the profit potential for a well-executed renovation.Rental properties in the area are leasing for $3,500+ per month, making this an attractive buy-and-hold opportunity.With the right vision and updates, this property can be transformed into a high-value asset—whether you’re planning a full-scale renovation for resale or creating a long-term rental investment.🔹 Don’t miss out on this lucrative opportunity! Schedule your showing today and bring your contractor or architect to explore the possibilities.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Washington
  • Tax Amount
    $34,769
  • Status
    Active
  • Listing #
    DCDC2172378
  • Built
    1924
  • Lot Size
    0.04
  • Listed on site
    93 days
  • Listing Agent Id
    121137063586
  • Co Listing Agent Id
    121136600915

Listed by:
Century 21 Redwood Realty

Source:
BRIGHT MLS

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School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • New Construction
  • No Builder Restrictions

Exterior features

  • Balcony
  • No Pool

Interior Features

  • Main Floor Bedroom

Style

  • Colonial
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Darnell Eaton
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