968 Mount Olivet Road NE Washington, DC $ 629,999
968 Mount Olivet Road NE
$ 629,999
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968 Mount Olivet Road NE

Washington, DC, 20002
$ 629,999
Bedrooms3 Baths0.0

Monthly Estimate*

$ 3,930

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Multi-Family Home for sale in Washington, DC

for $629,999 with 3 bedrooms. This home was built in 1951 on a lot size of 0.03.

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.

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Multi-Family Contingent

Price

$ 629,999

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 898

Style

Lot Size

0.03

Year Built

1951

Town/City

Washington

County/Region

District of Columbia

MLS | Web ID

DCDC2174540

Features
General
Living Area 1680
Sewer Public Sewer
Heating Radiator
Cooling None
Possession 120-180 Days 90-120 Days CD
Roof Metal
Appliances Oven/Range - Gas Refrigerator
Zoning R4
Architectural Style Other
Construction Materials Brick
School District DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Year Built 1951
Property Subtype Triplex
Tax Year 1996
Ownership Fee Simple
Cool Fuel None
Accessibility Level Entry - Main
County WASHINGTON
New Construction N
Property Type Multi-Family
Subdivision Name IVY CITY
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade
Status ACTIVE UNDER CONTRACT
Directions See Google Maps
City WASHINGTON
Number Of Units Total 3
Lot Size Units Square Feet
Lot Size Square Feet 1352.00
Number of Units Leased 2
Tax Annual Amount 898.0
Home Warranty Y/N N
Two Bedroom 0
Structure Type Other
Price Per Sq Ft Total AG 375.0
Acceptable Financing Other Conventional FHA VA
Rent Control Y/N Y
Vacation Rental Y/N N
Lease Type Month to Month
Standard Status Active Under Contract
Year Built Source Estimated
Legal Subdivision Brentwood
Tax Lot 0809
Cap Rate 8.50
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Interior
Interior Amenities Window Treatments Other
Heating Fuel Natural Gas
Hot Water Natural Gas
Basement (Y/N) N
Heating Y/N Y
Window Features Casement Storm
Fireplace Y/N N
Central Air Y/N N
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Exterior
Exterior Amenities Fire Escape
Pool No Pool
Lot Features Other
Water Source Public
Type of Parking Off Street
Spa N
Water View Y/N N
Lot Size Acres 0.03
Lot Size Source Estimated
Waterfront Y/N N
Soil Types Urban Land-Sassafras-Chillum
Land Assessed Value 22065.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 968
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* Excluded Features
List By
Compass

Broker

desmond.aberdeen@gmail.com

Email

Affordability Calculator

$4,005
Per Month
98%
2%
0%
Monthly Principal & Interest
$3,930
Monthly Property Taxes
$75
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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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Nearby
3533234 Elementary School
3533273 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/11/2025$629,999 Listed Price

Map


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968 Mount Olivet Road NE, Washington, DC, 20002 is a Multi-Family Home for sale at $629,999 with a lot size of 0.03. 968 Mount Olivet Road NE has 3 bedrooms, 0.0 baths, and was built in 1951. The property's zip code is 20002 which is in Washington, DC