1505 West Virginia Avenue Ne Washington, DC 20002

$508,000
4
Beds
2
Baths
0.04
Acres
1,949
SQFT
261
$/SQFT
$508,000
4
Beds
2
Baths
1,949   sf
$261 / sf
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NE DC Investment Opportunity – Multi-Unit Potential + Instant EquityBuy low, renovate, and capture equity fast. This RF-1 rowhome is a rare opportunity to enter one of D.C.’s hottest neighborhoods, with flexible 3–4-bedroom space and multi-unit conversion potential (buyer to verify).Why This Property WinsHigh-margin equity play – create a single-family dream home or convert to 2–3 income-producing unitsBuilt-in value – front porch, rear deck, fenced yard, parking under the deck, and solar panels (2023)Off-street parking – a rare “DC Gold” feature that boosts resale and rental appealFinancing Made EasyEligible for FHA 203(k), VA, and conventional renovation loans – roll acquisition + renovation into one simple mortgage.Short Sale AdvantageThe bank is ready to accept 95% of the list price. Appraisal done, no guesswork, fast closing possible.Location You Can’t BeatMinutes to Union Market, H Street Corridor, and National Arboretum. Close to Metro and bus lines, attracting steady demand from professionals.Bottom LineStep in at entry-level pricing, renovate, and build equity. Multi-unit potential + strategic location = a rare opportunity in NE DC. Don’t wait.

NE DC Investment Opportunity – Multi-Unit Potential + Instant EquityBuy low, renovate, and capture equity fast. This RF-1 rowhome is a rare opportunity to enter one of D.C.’s hottest neighborhoods, with flexible 3–4-bedroom space and multi-unit conversion potential (buyer to verify).Why This Property WinsHigh-margin equity play – create a single-family dream home or convert to 2–3 income-producing unitsBuilt-in value – front porch, rear deck, fenced yard, parking under the deck, and solar panels (2023)Off-street parking – a rare “DC Gold” feature that boosts resale and rental appealFinancing Made EasyEligible for FHA 203(k), VA, and conventional renovation loans – roll acquisition + renovation into one simple mortgage.Short Sale AdvantageThe bank is ready to accept 95% of the list price. Appraisal done, no guesswork, fast closing possible.Location You Can’t BeatMinutes to Union Market, H Street Corridor, and National Arboretum. Close to Metro and bus lines, attracting steady demand from professionals.Bottom LineStep in at entry-level pricing, renovate, and build equity. Multi-unit potential + strategic location = a rare opportunity in NE DC. Don’t wait.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Washington
  • Tax Amount
    $1,216
  • Status
    Active
  • Listing #
    DCDC2240906
  • Built
    1927
  • Lot Size
    0.04
  • Listed on site
    203 days
  • Listing Agent Id
    121135451367

Listed by:
RE/MAX Allegiance

Source:
BRIGHT MLS

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Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • Fence
  • No Pool
  • Basement

Interior Features

  • Central Air Conditioning
  • Formal Dining

Style

  • Colonial

Property History

DateDays AgoEventNew Price
Jun 26, 20261 mo agoPrice decreased28,750 (5%)$508,000
Apr 11, 20264 mos agoPrice decreased28,250 (5%)$536,750
Jan 12, 20267 mos agoNew on market$565,000
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