Great investment opportunity!! Ideal location!! Welcome to a prime investment opportunity nestled in the heart of Washington, DC. This four-unit property presents an exceptional chance for savvy investors to capitalize on its potential. Location! Location! Location! Great possibilities! Property Details: Unit Configuration: Four units, each featuring two bedrooms Potential for Expansion: Ample space available to comfortably rebuild units into three bedrooms, offering increased rental potential and appeal. Certificate of Occupancy: The property holds a Certificate of Occupancy for a four-unit building, ensuring compliance and legal status. Neighborhood Dynamics: The neighboring building has secured a permit for an eight-unit apartment complex, indicating growth and development potential in the area. Housing Demand: With housing in DC at a premium and Howard University facing shortages in student accommodations, this property offers a timely solution to a pressing need. Big Opportunities Abound: This property presents a myriad of opportunities for creative redevelopment or renovation, catering to diverse investment strategies and goals. Exercise caution when exploring premises. Home Harmless Agreement required.
For sale
$1,200,000
589 Columbia Rd NW, Washington, DC 20001
8beds
--baths
--sqft
Est.:
Multi Family
Built in 1980
-- sqft lot
$1,185,500 Zestimate®
$--/sqft
$-- HOA
What's special
- 48 days
- on Zillow |
- 212 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: March 27, 2025 at 12:23pm
Listed by:
Don Gladstone 301-377-9921,
REMAX Platinum Realty
Source: Bright MLS,MLS#: DCDC2186456

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
Basement
- Area: 0
Heating
- Forced Air, Central
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Other
Features
- Pool features: None
Lot
- Size: 4,791 Square Feet
- Features: Unknown Soil Type
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 3051//0825
- Zoning: R
- Special conditions: Short Sale
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Washington
Financial & listing details
- Tax assessed value: $1,241,760
- Annual tax amount: $11,602
- Date on market: 3/27/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
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