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
$1,135,700 Zestimate®
$--/sqft
$-- HOA
What's special
- 273 days |
- 178 |
- 11 |
Zillow last checked: 8 hours ago
Listing updated: June 30, 2025 at 08:50am
Listed by:
Don Gladstone 301-377-9921,
REMAX Platinum Realty
Source: Bright MLS,MLS#: DCDC2186456
Tour with a local 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
Estimated market value
$1,135,700
$1.08M - $1.19M
$2,131/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2025 | Listed for sale | $1,200,000-7.7% |
Source: | ||
| 1/1/2025 | Listing removed | $1,300,000 |
Source: | ||
| 8/6/2024 | Price change | $1,300,000-7.1% |
Source: | ||
| 3/20/2024 | Listed for sale | $1,400,000 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$5,703/mo
Principal & interest
$4653
Property taxes
$630
Home insurance
$420
Climate risks
Neighborhood: Park View
Nearby schools
GreatSchools rating
- 6/10Bruce-Monroe Elementary School @ Park ViewGrades: PK-5Distance: 0.4 mi
- 7/10School Without Walls @ Francis-StevensGrades: PK-8Distance: 0.4 mi
- 4/10Roosevelt High School @ MacFarlandGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- District: District Of Columbia Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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