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.
For sale
$629,999
968 Mount Olivet Rd NE, Washington, DC 20002
6beds
--baths
1,680sqft
Est.:
Triplex
Built in 1951
-- sqft lot
$606,500 Zestimate®
$375/sqft
$-- HOA
What's special
- 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#: DCDC2174540

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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