610 Eastern Avenue NE Washington, DC $ 900,000
610 Eastern Avenue NE
$ 900,000
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610 Eastern Avenue NE

Washington, DC, 20019
$ 900,000
Baths0.0 Sq 3,705

Monthly Estimate*

$ 6,287

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Studio

Commercial Property for sale in Washington, DC

for $900,000. This 3,705 square foot building was built in 1952 on a lot size of 0.09.

Discover the potential at 610 Eastern Ave NE, where a well-situated 6-unit multifamily building awaits your investment savvy. Located on Eastern Ave, boasting access to all 6 Metro lines, this property offers unbeatable convenience. Featuring a well-balanced unit mix with 3 generous 2-bedroom units and 3 comfortable 1-bedroom units, this property is already equipped with washer/dryer and dishwasher in each unit, enhancing its appeal to tenants. 1 of the 6 units is vacant, with current gross income (under market) coming in at $6477/month. There's a golden opportunity to renovate and potentially increase gross annual rents by up to $125,000, especially by considering the conversion of 1-bedroom units into 2-bedroom layouts. Units are separately metered and cost is minimized with shared water services. Plus, benefit from the ongoing redevelopments in the neighborhood, positioning this property as a smart addition to your real estate portfolio. The Deanwood Submarket is in one of the last underdeveloped Wards in DC and has attracted major attention from both the private and public sector. Its on a seemingly endless array of best of real estate lists, with Redfin naming it one of 10 hottest neighborhoods in the COUNTRY. Numerous multi-million development projects are underway in Ward 7, including the $75M Deanwood Town Center and the $115M+ Parkside redevelopment project in D.C., covering 26 acres and 3.1 million square feet. This is your chance to secure an investment with both immediate returns and promising long-term growth.

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Commercial Active

Price

$ 900,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 4,070

Style

Apartment Building

Lot Size

0.09

Year Built

1952

Town/City

Washington

County/Region

District of Columbia

MLS | Web ID

DCDC2116454

Features
Interior
Heating Fuel Other
Hot Water Other
Heating Y/N Y
Street Suffix AVENUE
Central Air Y/N N
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General
Sewer Public Sewer
Heating Forced Air
Cooling Other
Possession Negotiable
Zoning UNK
Construction Materials Brick
Year Built 1952
Property SubType Five Or More Units
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Apartment Building
Accessibility None
County WASHINGTON
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions see gps
City WASHINGTON
Buyer Agent Compensation 3
Total Units 6
Lot Size Square Feet 3750.00
Waterfront Y/N N
Street Name EASTERN
Tax Annual Amount 4070.0
Price Per Sq Ft 242.91
Vacation Rental Y/N N
Days on Market 181
Standard Status Active
Year Built Source Assessor
Legal Subdivision Deanwood
Tax Lot 46
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Type of Parking Other
Water View Y/N N
Building Area Total 3705.00
Lot Size Acres 0.09
Lot Size Units Square Feet
Lot Size Source Assessor
Soil Types Unknown
Land Assessed Value 148390.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 610
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* Excluded Features
List By
Samson Properties

Broker

khaled@sakanrealtors.com

Email

Affordability Calculator

$6,626
Per Month
95%
5%
0%
Monthly Principal & Interest
$6,287
Monthly Property Taxes
$339
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/19/2023$900,000 Listed Price

Map


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610 Eastern Avenue NE, Washington, DC, 20019 is a Commercial Property for sale at $900,000 with 3,705 sqft and a lot size of 0.09. 610 Eastern Avenue NE is a studio with 0.0 baths and was built in 1952. The property's zip code is 20019 which is in Washington, DC