526 NEWTON PL NW, Washington, DC 20010 - MLS#DCDC2129544

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Ashley Brosnahan

ashley@bethanybeach-homes.com +1(302) 841-4200

$ 1,300,000

Est. payment | -/mo

3,960 SqFt

Save

$ 1,300,000

Est. payment | -/mo

Save

3,960 SqFt

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 3,960 sqft

Price per Sqft $328

MLS Listing ID DCDC2129544

Originating Board BRIGHT

Year Built 1953

Annual Tax Amount $5,635

Tax Year 2024

Property Description

Investor Alert! A prime opportunity awaits with this 6-unit building now available for sale. Each unit features one bedroom, one bath, separate utilities, and private balconies. Located 2 blocks off Georgia Ave in the flourishing Petworth/Park View neighborhood, this property presents versatile options for savvy investors. Whether as a strategic buy-and-hold investment with the potential for significant unit upgrades or a lucrative conversion into luxury condos, the possibilities are endless. Noteworthy features include a vacant rear lot, offering further expansion potential. The property will be sold "as-is" and delivered vacant, with six of the units currently owner-occupied. Additionally, the owners may request a short rent-back period post-closing. Showings are exclusively scheduled for Fridays, between 2:30 PM and 5:00 PM. Don't miss out on this exceptional opportunity to capitalize on the thriving real estate market in the sought-after Park View neighborhood.

Location

State DC

County Washington

Zoning RES COOPERATIVE - HORIZON

Interior

Hot Water Electric

Heating Central

Cooling Multi Units

Heat Source Electric

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Lot Description Additional Lot(s)

Sewer Public Septic

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 3037//0815

Ownership Cooperative

Acceptable Financing Cash, Conventional, Exchange, FHA, FHA 203(b), FHA 203(k), Installment Sale, Joint Venture, Private, Other

Listing Terms Cash, Conventional, Exchange, FHA, FHA 203(b), FHA 203(k), Installment Sale, Joint Venture, Private, Other

Financing Cash,Conventional,Exchange,FHA,FHA 203(b),FHA 203(k),Installment Sale,Joint Venture,Private,Other

Special Listing Condition Standard

Listed by Noelle-Kristine Spencer • TTR Sotheby's International Realty

Ashley Brosnahan

Team Lead | Delaware & Maryland Realtor | RS-RS-0020030

+1(302) 841-4200