$1,195,000
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1507 Marion Street NW Washington, DC 20001
Townhouse
Residence
4
Beds
3
Baths
...
Bed/Bath
2,232
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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ADDITIONALLY IMPROVED PRICE POINT FOR BUYERS! Modern Living in a Historic Setting - Beautifully Renovated Two-UnitTownhouse. Step into this stunning, newly renovated, end-unit townhouse with two stylish units, this home offers endless possibilities-- live in one, rent the other, or create an excell...ent investment opportunity. The Upper Residence has 3 bedrooms, 2 baths, brand new designer kitchen with custom cabinetry, granite countertops, and premium Stainless Steel KitchenAid appliances. Exposed brick walls and soaring ceilings showcase the historic charm. Spacious living and separate dining areas with hardwood floors and recessed lighting throughout. Renovated bathrooms and in-unit washer/dryer in each residence. Private deck--ideal for morning coffee or evening gatherings. Central air conditioning and heating for year-round comfort. The Lower Residence with an additional 744 s.f. of finished space has a Certificate of Occupancy and is separately metered for electric, featuring one bedroom, one bathroom with exposed brick details. New Kitchen with granite countertops and stainless steel appliances. Location is key! Nestled in a vibrant, convenient neighborhood, this home is close to restaurants, markets, the DC Convention Center, METRO, and downtown nightlife. The investment opportunity of this property has shown, consistently, above-market income for the past 15 years, with the pre-renovation annual NOI of $64,200. The Post-renovation annual NOI is expected to be $77,400, with a CAP RATE of 6.5%. The total finished square footage on the three levels is 2,226.
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MLS#
DCDC2224926
Property Type
Townhouse
Bedrooms
4
Bathrooms
3 Full
Year Built
1900
Square Feet
2,232
sq. ft
Price per Sq. Ft.
$803.09
Lot Size
0.02
Stories
3.0
Sewer
Public Sewer
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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