Introducing a prime investment opportunity (with an assumable mortgage at 3.75% and loan balance of $1,026,397.) nestled in the vibrant community of Columbia Heights. This 4-unit building, listed at $1,399,900, presents an enticing prospect for savvy investors seeking immediate returns. Boasting a convenient location near the Georgia Ave- Petworth metro station and a plethora of amenities, this property is an attractive choice for both tenants and investors alike. Each unit features 2 bed(s)/1 ba, updated appliances inclusive of an in-unit washer dryer combo, and a private patio, offering residents the utmost convenience. What sets this investment apart is its stable tenancy arrangement. The property is leased with a voucher subsidy program, ensuring consistent rental income. Additionally, all tenants are on month-to-month leases, providing flexibility for new ownership. T-12 available upon request. Generating over $11,000/mo in rental income, this property promises a strong return on investment. Its desirable amenities and strategic location make it a standout choice in Columbia Heights' competitive real estate market. Don't miss out on this exceptional opportunity to own a profitable investment property in one of Washington, D.C.'s most sought-after neighborhoods. Schedule a showing today to explore the potential of this remarkable 4-unit building. T-12 available upon request. Photos are from prior sale. All units are currently occupied.
Sold
$1,335,000
612 Newton Pl NW, Washington, DC 20010
8beds
--baths
2,904sqft
Quadruplex
Built in 1931
-- sqft lot
$1,320,500 Zestimate®
$460/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: September 19, 2024 at 02:32pm
Listed by:
Taelor Salmon 240-447-0711,
Coldwell Banker Realty - Washington
Bought with:
Andre Margutti, 630206
Redfin Corp
Source: Bright MLS,MLS#: DCDC2134038

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
Basement
- Area: 0
Heating
- Hot Water, Natural Gas
Cooling
- Central Air, Natural Gas
Appliances
- Included: Dishwasher, Dryer, Disposal, Refrigerator, Washer, Gas Water Heater
Features
- Breakfast Area, Combination Kitchen/Living, Combination Dining/Living, Open Floorplan, Flat, Formal/Separate Dining Room
- Flooring: Hardwood
- Has fireplace: No
Interior area
- Total structure area: 2,904
- Total interior livable area: 2,904 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Doors
Features
- Pool features: None
Lot
- Size: 2,765 sqft
- Features: Chillum-Urban Land Complex
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 3038//0827
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Quadruplex
Materials
- Brick
Condition
- Good
- New construction: No
- Year built: 1931
- Major remodel year: 2017
Utilities & green energy
- Sewer: Approved System
- Water: Community, Private, Public
Community & neighborhood
Location
- Region: Washington
HOA & financial
Other financial information
- Total actual rent: 138264
Other
Other facts
- Listing agreement: Exclusive Agency
- Income includes: Apartment Rentals
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Services availability

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.