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968 Mount Olivet Road NE, Washington, DC 20002

Beds
3
Sqft
1,680

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCompass
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Overview

968 Mount Olivet Rd NE presents a prime value-add opportunity in the heart of Ivy City, one of D.C.’s most rapidly evolving neighborhoods. This three-unit multifamily property offers three one-bedroom units totaling approximately 1,352 rentable square feet on a 0.03-acre parcel (Property Class Code 023).

Strategically located just minutes from Union Market, NoMa-Gallaudet, and Union Station, the property provides excellent access to public transportation and major commuter routes. With the Washington Commanders returning to a new stadium just 2.6 miles away, the surrounding area is poised for a surge in economic activity, infrastructure investment, and long-term appreciation, further enhancing the upside of this investment.

In a submarket with a median household income of $107,000 and a vacancy rate of just 3.33%, 968 Mount Olivet offers strong rental demand with the potential for increased cash flow through targeted improvements. Ideal for investors looking to renovate and capture growth in a thriving, centrally located corridor of Washington, D.C.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
3
Square feet
1,680
Lot size (acres)
0.03
Year built
1951

Utilities

Heating
Natural gas, Radiant
Cooling
None
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (1996)
$898

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: DCDC2174540 Last checked:

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