USADCWashingtonU Street Corridor1927 15Th St Nw

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$1,775,000

For Sale

4 months ago

1927 15Th St Nw, Washington, DC

Townhouse

MLS® DCDC2248664

5 Bed

3 Bath

3105 sqft

Key Facts
Description
Map

Key Facts

Type Townhouse

Levels Residential

Size 3105 sqft

Garage

Taxes $11,839

Days Active 112

Lot Size

Approx. Age 1908

Avg. Price Per Sqft $571

MLS® Number DCDC2248664

Property Address: 1927 15th St Nw, WASHINGTON, DC, 20009-3913

Average square foot calculated using Size range provided by listing agent.

Description

1927 15th St NW presents a fully leased, income-producing three-unit asset in the heart of the U Street/14th Street corridor—one of Washington, DC’s most dynamic and consistently high-demand rental submarkets. With all three units now stabilized, the property generates $9, 249 per month ($110, 988 annually) in gross rental income, offering immediate cash flow with no lease-up risk. The asset features a highly desirable unit mix of two two-bedroom residences and one one-bedroom residence, each with in-unit washer/dryer and separately metered electricity, supporting operational efficiency and tenant appeal. Apt 2 (1BR/1BA) is leased through April 30, 2027 at $3, 350/month (including parking). Apt 1 (2BR/1BA) is leased through July 31, 2026 at $3, 475/month (including parking). Apt G (2BR/1BA) is leased through May 31, 2027 at $2, 424/month. The staggered lease structure provides both income stability and future rent growth opportunities, allowing an investor to strategically adjust rents over time in alignment with market conditions. At the current asking price, the property presents an estimated cap rate ranging from the mid-4% to approximately 5.0%, depending on expense assumptions and management approach. The property benefits from a current Certificate of Occupancy (July 2024) and a valuable rent-control exemption, offering long-term flexibility for rental increases and asset management strategy—an increasingly important advantage in the DC market. Since 2020, the building has undergone meaningful capital improvements, including full brick façade repointing with gable reconstruction, slate roof stabilization, updated HVAC systems (Apts 1 & G), modernized kitchens and finishes, enhanced lighting, and exterior stair upgrades—significantly reducing near-term capital expenditure risk. Additional features include two secured off-street parking spaces with protected garage access, a premium amenity that enhances rental value and tenant retention in this highly walkable, transit-oriented location. Positioned within walking distance to Metro, restaurants, retail, and nightlife, the U Street corridor continues to demonstrate strong tenant demand, low vacancy, and long-term appreciation fundamentals. For investors seeking a stabilized, rent-control-exempt asset with immediate cash flow, minimal deferred maintenance, and durable long-term upside, 1927 15th St NW represents a compelling opportunity in one of DC’s most resilient urban rental markets.

MLS® NumberDCDC2248664

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1908

BasementDaylight, Partial, Front Entrance, Rear Entrance

DrivewaySecure Parking, Off Street

Garage Spaces

HeatHeat Pump(s), Electric

A/CCentral A/C, Electric

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 4, 2026List Date

$1,775,000List Price

Home Appraisal

This property is estimated to sell between: $1,654,000 and $1,836,000.

Similar properties in this area sold on average for: $1,654,534

Expected to sell very soon! Similar properties sold in 74 days. This home has been on eXp Realty for 112 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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