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968 Mount Olivet Rd NE,WASHINGTON, DC 20002
WASHINGTON, DC 20002
Description
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.
Details
| MLS# | DCDC2174540 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1951 |
| Days On Site | 100 |
| Listing Provided By | Compass | Desmond Kevin Aberdeen |
Features
| SQ Feet | 1,680 |
|---|---|
| Units | 3 |
| Zoning | R4 |
| Acreage | 0.03 |
| Water Front | Yes |
Market Activity 20002
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20002 |
| Area | WASHINGTON DC |
| Community Name | IVY CITY |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in IVY CITY) | |
Price: $629,999 low | high Med: $450,000 SqFt: 1,680 low | high Med: 1,180 $ / SqFt: $375 low | high Med: $381 On site: 100 low | high Med: 47.000000 | |