Property

Washington, DC 20002 968 Mount Olivet Road NE

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Presented By: Compass
  • MLS# DCDC2174540
  • 02/11/2025
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  • Beds • 3

Home Details

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.
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
Interior AmenitiesWindow Treatments, Other
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
Garage Y/NNo
HeatingRadiator
Home Warranty Y/NNo
Lease TypeMonth to Month
Legal SubdivisionBrentwood
Lot Size Square Feet1352.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-05-02T12:09:57
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

Exterior AmenitiesFire Escape
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

Charles Torres

Owner
Price $629,999
MLS#DCDC2174540
List Date 02/11/2025
Property Type Multi-Family
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