$1,400,000

1254 MEIGS PL NE, Washington, DC 20002

  • 2,958 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon3,049sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $473/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

1254 Meigs Place NE FOUR-UNIT TURNKEY BUILDING – DELIVERED VACANT – THE OPPORTUNITY: 1254 Meigs Place NE is a beautifully renovated four-unit apartment building located in the vibrant Trinidad neighborhood of Northeast Washington, D.C. The property features three-bedroom units with brand-new finishes and appliances, and will be delivered 100% vacant, allowing for an easy transaction and total leasing flexibility. This is an exceptional opportunity for both live-in buyers and savvy investors looking to own in one of D.C.’s most promising up-and-coming areas. TURNKEY ASSET: With no deferred maintenance and all major systems updated, new ownership will benefit from minimal capital expenditures for years to come. TOPA-EXEMPT & DELIVERED VACANT: Because the property is being delivered vacant, it is exempt from D.C.’s TOPA process, allowing for a quick and streamlined closing. New ownership can screen and select their own tenants, maximizing rental income from day one. RENT CONTROL EXEMPT: With fewer than five units, 1254 Meigs Place NE is exempt from D.C.’s rent control regulations, providing greater flexibility in setting market-based rents and ensuring efficient property management. LIVE FREE OR CASH FLOW: Whether you’re looking to live in one unit and rent out the others or lease all four for maximum income, this property offers unmatched versatility. A live-in buyer can build equity while significantly reducing their housing costs. Investors can generate immediate returns in a neighborhood with strong rental demand. This will be one of the few fully renovated, vacant, three-bedroom, four-unit buildings available.

Listing Status:
Active
Date Added:
June 5, 2025 at 05:00AM
Listing Office:
Realty One Group Performance, LLC : 2405831183
Listing Agent:
RUSSELL F BROWN : 2022565964
MLS ID:
DCDC2202968
  • A/C: Central A/C
  • Heating: Forced AirElectric
  • Disability Feature: 32"+ wide Doors

This listing courtesy of RUSSELL F BROWN, Realty One Group Performance, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

W

Wheatley Education Campus

1299 Neal St NE, Washington, DC, 20002

Grades EE-8

0.34 miles away

W

Wheatley Education Campus

1299 Neal St NE, Washington, DC, 20002

Grades EE-8

0.34 miles away

P

Phelps Architecture Construction and Engineering High School

704 26th St NE, Washington, DC, 20002

Grades 9-12

0.79 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listings Nearby