409 E CAPITOL ST SE, Washington, DC 20003
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409 E CAPITOL ST SE, Washington, DC 20003
409 E CAPITOL ST SE, Washington, DC 20003
409 E CAPITOL ST SE, Washington, DC 20003
409 E CAPITOL ST SE, Washington, DC 20003
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Chikia Barnes

Chikia Barnes

+1(240) 478-7354
Listed by Mr. Eric Liu • RE/MAX Professionals
$ 1,375,000
Est. payment /mo
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409 E CAPITOL ST SE Washington, DC 20003

2 Beds

1 Bath

1,800 Sqft Lot

UPDATED:

Key Details

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Subdivision Capitol Hill

MLS Listing ID DCDC2267996

Style Colonial

Bedrooms 2

Full Baths 1

HOA Y/N N

Year Built 1900

Annual Tax Amount $16,342

Tax Year 2025

Lot Size 1,800 Sqft

Acres 0.04

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

The subject property is a two-story, 1,746-square foot building situated on an 1,800 square foot lot. Located in the Capitol Hill neighborhood, 409 East Capitol Street SE represents an opportunity for a savvy investor to acquire a 100% leased, mixed-use commercial property in one of Washington, D.C.'s most desirable and stable submarkets. The subject property is a two-story, 1,746-square foot building situated on an 1,800 square foot lot. Located in the Capitol Hill neighborhood, 409 East Capitol Street SE represents an opportunity for a savvy investor to acquire a 100% leased, mixed-use commercial property in one of Washington, D.C.'s most desirable and stable submarkets. The first floor commercial space currently leased through Aug of 2023. The second level of the property is a two-bedroom/one-bathroom apartment unit which is currently leased through the end of 2023. The unit has excellent natural light throughout, hardwood floors, and a stairwell leading to a rear patio area. As there is only one residential unit, the sale of 409 East Capitol Street SE will not be subject to the Tenant Opportunity to Purchase Act (“TOPA”). Without any extended statutory timeline necessary, this opportunity is well suited for all types of investors including those in search of a 1031 exchange up leg. The subject property is located along East Capitol Street in Capitol Hill, one of the District's most affluent and stable neighborhoods. The submarket itself offers numerous tourist attractions such as the Library of Congress, the United States Capitol Building, and United States Supreme Court. The subject property benefits from its close proximity to Barracks Row, home to the United States Marine Barracks, and well-known for its retail and restaurant scene which has exploded over the last decade. 409 East Capitol Street SE is also close to Eastern Market and the Trader Joe's-anchored Hine School redevelopment project which is known as 700 Penn at Eastern Market. Additionally, the subject property is approximately one half mile from the Capitol Hill South and Eastern Market Metro Stations, and one mile from Union Station.

Location

State DC

County Washington

Zoning R

Direction North

Interior

Interior Features Built-Ins, Ceiling Fan(s), Bathroom - Soaking Tub

Hot Water 60+ Gallon Tank

Heating Forced Air

Cooling Central A/C

Flooring Laminate Plank, Laminated

Inclusions stove, microwave, refrigerator, dishwashwer, fireplace screen/door, ceiling fan

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Story 2

Foundation Slab

Sewer Private Sewer

Water Public

Architectural Style Colonial

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Pets Allowed N

Senior Community No

Tax ID 0817//0812

Ownership Fee Simple

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

Financing Cash,Contract,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
Chikia Barnes

Chikia Barnes

Realtor & Managing Partner | License ID: MD: 643342, DC: SP200204653

+1(240) 478-7354

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