118 P Street SW
Washington, DC, 20024 $ 695,000
Bedrooms2 Baths0.0 Monthly Estimate*
$ 4,336
Multi-Family Home for sale in Washington, DC
for $695,000 with 2 bedrooms. This home was built in 1941 on a lot size of 0.03.
Charming 2-Unit Property in Prime Washington, DC Location! Discover an incredible investment opportunity in the heart of Southwest Washington, DC! This 2-unit semi-detached brick home, built in 1941, offers historic charm with modern convenience. Perfect for investors, multi-generational living, or those looking to generate rental income, this property is a true gem. Nestled in the sought-after Old City #1 neighborhood, it is just minutes from Nationals Park, The Wharf, and Downtown DC, making it an ideal location for urban living. Each unit features a 1-bedroom, 1-bathroom configuration, offering comfortable living spaces filled with natural light. The home boasts a classic Colonial style with a timeless brick exterior, hardwood floors, and large windows that enhance its charm. Both units come equipped with functional galley-style kitchens featuring essential appliances, making meal preparation effortless. Additionally, the property includes an unfinished 620 sq. ft. basement, providing potential for expansion or extra storage. Sitting on a 1,235 sq. ft. lot, the home offers an outdoor space perfect for urban dwellers looking to enjoy fresh air in a bustling city environment. The property provides easy access to major highways, public transit, and commuter routes, making it highly convenient for residents. It also presents a fantastic investment opportunity with its R4 zoning classification and no rent control restrictions, allowing for long-term rental income potential. With 1,120 sq. ft. of total living space, the home includes central heating powered by natural gas and central A/C, ensuring year-round comfort. On-street parking is available, adding to the homes accessibility. This rare find in a vibrant and growing DC community is perfect for those looking for a residence with rental income potential or an investment property in an appreciating market. Dont miss this incredible opportunityschedule your private showing today!
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FeaturesGeneralLiving Area 1120
Sewer Public Sewer
Heating Central
Cooling Central A/C
Possession Settlement
Appliances Washer Dryer Disposal Refrigerator Range Hood Oven/Range - Gas
Zoning RF1
Architectural Style Colonial
Construction Materials Brick
School District DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Year Built 1941
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Accessibility None
County WASHINGTON
New Construction N
Property Type Multi-Family
Subdivision Name OLD CITY #1
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions Merge onto I-495/I-95 West toward Washington D.C. Continue on I-495 and take exit for Maryland Route 210/Indian Head Highway south (if applicable) then cross into D.C. via the bridge and proceed to S
City WASHINGTON
Disclosures Lead Based Paint - Federal Lead Based Paint - State
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 1235.00
Tax Annual Amount 5462.0
Home Warranty Y/N N
Property Condition Good
Two Bedroom 0
Structure Type Twin/Semi-Detached
Price Per Sq Ft Total AG 620.54
Acceptable Financing FHA VA Conventional Cash
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Legal Subdivision Old City 1
Tax Lot 817
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InteriorInterior Amenities Kitchen - Galley 2nd Kitchen
Heating Fuel Natural Gas
Basement Unfinished
Hot Water Natural Gas
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N Y
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ExteriorPool No Pool
Water Source Public
Type of Parking On Street
Foundation Details Other
Water View Y/N N
Lot Size Acres 0.03
Lot Size Source Assessor
Waterfront Y/N N
Soil Types Unknown
Land Assessed Value 466270.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByCapital Area Realtors Of DcBroker
kathymason@movetothecapital.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,336
- Monthly Property Taxes
- $455
- 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 48%
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 |
|---|
| 10/30/2025 | $695,000 | | Listed Price |