Property
Washington, DC 20002 968 Mount Olivet Road NE
$629,999
10 more
Presented By: Compass
Beds • 3
Home Details
968 Mount Olivet Rd NE is a prime investment opportunity in the Ivy City neighborhood of Washington, D.C. This three-unit multifamily building is situated on a 0.0300-acre parcel and is classified under Property Class Code 023. It offers three one-bedroom units with approximately 1,352 rentable square feet.
The property's strategic location provides excellent accessibility. It is just one block from the Mt. Vermin Sq 7th StConvention Center Metro Station (Green/Line) and a short distance from NoMa-Gallaudet and the bustling retail areas around Union Station. This makes it highly attractive for tenants seeking convenience and connectivity.
The Ivy City submarket is known for its desirability. With a median household income of $107,000 and a low vacancy rate of 3.33%, these factors, combined with the property's central location, strong occupancy, and potential for value-added improvements, make 968 Mount Olivet Rd NE a compelling investment in a thriving rental market.
Presented By: Compass
Interior Features for 968 Mount Olivet Road NE
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
Basement (Y/N)No
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Window FeaturesCasement, Storm
General for 968 Mount Olivet Road NE
Acceptable FinancingOther, Conventional, FHA, VA
AccessibilityLevel Entry - Main
AppliancesOven/Range - Gas, Refrigerator
Architectural StyleOther
Cap Rate8.50
CityWASHINGTON
Construction MaterialsBrick
Cool FuelNone
CoolingNone
CountyWASHINGTON
DirectionsSee Google Maps
Exterior FeaturesFire Escape
Garage Y/NNo
HeatingRadiator
Home Warranty Y/NNo
Interior FeaturesWindow Treatments, Other
Lease TypeMonth to Month
Legal SubdivisionBrentwood
Lot Size Square Feet1352.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-02-11T04:46:37
New ConstructionNo
Number Of Units Total3
Number of Units Leased2
One Bedroom Units Count3
Other StructuresAbove Grade
OwnerPaysWater
OwnershipFee Simple
Possession120-180 Days, 90-120 Days CD
Price Per Sq Ft Total AG375.0
Property SubtypeTriplex
Property TypeMulti-Family
Rent Control Y/NYes
RoofMetal
School DistrictDISTRICT OF COLUMBIA PUBLIC SCHOOLS
SewerPublic Sewer
Single Room Units Count3
Standard StatusActive
StatusACTIVE
Structure TypeOther
Subdivision NameIVY CITY
Tax Annual Amount898.0
Tax Assessed Value58308.0
Tax Lot0809
Tax Year1996
Total SQFT1680
TransportationMetro/Subway Station less than 1 mile
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1951
Year Built SourceEstimated
ZoningR4
Exterior for 968 Mount Olivet Road NE
Land Assessed Value22065.00
Lot FeaturesOther
Lot Size Acres0.03
Lot Size SourceEstimated
Navigable Water Y/NNo
PoolNo Pool
Soil TypesUrban Land-Sassafras-Chillum
SpaNo
Type of ParkingOff Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Antonio Freitas
Associate