605 P Street NW
Washington, DC, 20001 $ 2,900,000
Baths0.0 Monthly Estimate*
$ 18,092
Studio for $2,900,000. This home was built in 1900 on a lot size of 0.05.
This newly renovated 11-bedroom, 11.5-bathroom property is ideally located in the heart of Washington, DC, offering the best of both worlds a vibrant atmosphere and unmatched convenience. Whether you're an experienced real estate investor or a first-time buyer looking to tap into the thriving Airbnb market, 605 P St NW presents a seamless investment opportunity. This property offers steady rental income and meets the Debt Service Coverage Ratio (DSCR), making it a smart and sustainable investment from the moment you take ownership. Currently operating as a highly successful Airbnb, this income-generating home is perfectly situated for both tourists and business travelers alike. Guests will enjoy the convenience of being surrounded by world-class restaurants, including Founding Farmers, Old Ebbitt Grill, and The Hamilton, all within walking distance. For groceries, Whole Foods Market and Trader Joe's are just a few blocks away, making shopping a breeze. The metro, bus stations, and major thoroughfares are easily accessible, allowing for a hassle-free commute to iconic attractions such as the National Mall, Smithsonian Museums, and Capitol Hill. Additionally, Reagan National Airport and the Washington Convention Center are just a short drive away, enhancing the propertys appeal for both short-term stays and extended visits. This fully furnished property is ready to start generating rental income immediately, offering a steady revenue stream from day one. The home comes fully equipped with high-quality fixtures and finishes, ensuring a luxurious and comfortable stay for guests. With a proven track record on Airbnb, its a truly turnkey property with the potential for excellent returns. This rare gem includes all furniture and fixtures, making it an even more attractive investment. From stylish living areas to fully equipped bedrooms, everything you need is already in place, allowing you to begin reaping the rewards immediately. Opportunities like this dont come often. Properties of this caliber and potential are hard to find in todays market. See what makes this property an incredible opportunity
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FeaturesGeneralLiving Area 2832
Sewer Public Sewer
Heating Central
Cooling Central A/C
Utilities Cable TV Sewer Available Electric Available Natural Gas Available
Possession Negotiable
Zoning RF-1
Architectural Style Federal
Security Features Monitored
Construction Materials Brick
School District DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Year Built 1900
Property Subtype Other
Tax Year 2022
Ownership Fee Simple
Cool Fuel Electric
Accessibility None
County WASHINGTON
New Construction N
Property Type Multi-Family
Subdivision Name SHAW
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade
Total Rooms 11
Status ACTIVE
Directions Please refer to Google maps or GPS.
City WASHINGTON
Number Of Units Total 4
Lot Size Units Square Feet
Lot Size Square Feet 2134.00
Tax Annual Amount 15696.0
Two Bedroom 0
Structure Type Interior Row/Townhouse
Price Per Sq Ft Total AG 1024.01
Acceptable Financing Conventional Cash FHA VA
Historic Y/N N
Vacation Rental Y/N N
Location Type Urban
Standard Status Active
Year Built Source Estimated
Legal Subdivision Old City 2
Tax Lot 154
Association Recreation Fee N
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InteriorHeating Fuel Natural Gas
Flooring Ceramic Tile Hardwood
Hot Water Natural Gas
Total Stories 3
Heating Y/N Y
Central Air Y/N Y
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ExteriorPool No Pool
Parking Features Private
Water Source Public
Type of Parking Other
Foundation Details Other
Water View Y/N N
Lot Size Acres 0.05
Road Surface Type Paved
Lot Size Source Estimated
Waterfront Y/N N
Soil Types Urban Land-Sassafras-Chillum
Land Assessed Value 599060.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByKeller Williams Capital PropertiesBroker
keith@coalitionpg.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $18,092
- Monthly Property Taxes
- $1,308
- 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.
Learn more about how to save NearbyMulti-family listings in Washington, DC
Average List Price $1,031,889
Percent of Sale Price 64%
About Washington, DC 701,213 Population
23% Since 2002
$ 81,899 Median Income
37.42 Median Age
18% Households with Children
Trends Information provided by ATTOM Data Solutions.
3533234 Elementary School
3533273 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/17/2025 | $2,900,000 | -6.45% | Price Down |
| 5/13/2025 | $3,100,000 | | Listed Price |