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For sale
  • $629,999

    968 Mount Olivet Rd NE, Washington, DC 20002

    6beds
    --baths
    1,680sqft
    : 
    Triplex
    Built in 1951
    -- sqft lot
    $606,500 Zestimate®
    $375/sqft
    $-- HOA

    What's special

    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.
    90 days
    on Zillow
    |
    120
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 02, 2025 at 05:09am

    Listed by:

    Desmond Aberdeen 202-528-4698,

    Compass

    Source: Bright MLS,MLS#: DCDC2174540MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 968 Mount Olivet Rd NE.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    Heating
    • Radiator, Natural Gas
    Cooling
    • None
    Appliances
    • Included: Oven/Range - Gas, Refrigerator, Gas Water Heater
    Features
    • Other
    • Windows: Casement, Storm Window(s), Window Treatments
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 1,680
    • Total interior livable area: 1,680 sqft

    Property

    Parking
    • Parking features: Off Street
    Accessibility
    • Accessibility features: Accessible Entrance
    Features
    • Pool features: None
    Lot
    • Size: 1,352 Square Feet
    • Features: Other, Urban Land-Sassafras-Chillum
    Details
    • Additional structures: Above Grade
    • Parcel number: 4039//0809
    • Zoning: R4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Triplex
    Materials
    • Brick
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1951

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Security: Fire Escape
    • Subdivision: Ivy City
    Location
    • Region: Washington

    Financial & listing details

    • Price per square foot: $375/sqft
    • Tax assessed value: $58,308
    • Annual tax amount: $898
    • Date on market: 2/11/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Other,Conventional,FHA,VA Loan
    • Ownership: Fee Simple
    • Income includes: Apartment Rentals, Concessions
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