$3,100,000

605 P STREET, Washington, DC 20001

  • 2,832 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon2,178sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $1,095/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This newly renovated 11-bedroom, 11.5-bathroom property is ideally located in the heart of Washington, DC, offering the best of both worlds – a vibrant atmosphere and unmatched convenience. Whether you're an experienced real estate investor or a first-time buyer looking to tap into the thriving Airbnb market, 605 P St NW presents a seamless investment opportunity. This property offers steady rental income and meets the Debt Service Coverage Ratio (DSCR), making it a smart and sustainable investment from the moment you take ownership. Currently operating as a highly successful Airbnb, this income-generating home is perfectly situated for both tourists and business travelers alike. Guests will enjoy the convenience of being surrounded by world-class restaurants, including Founding Farmers, Old Ebbitt Grill, and The Hamilton, all within walking distance. For groceries, Whole Foods Market and Trader Joe's are just a few blocks away, making shopping a breeze. The metro, bus stations, and major thoroughfares are easily accessible, allowing for a hassle-free commute to iconic attractions such as the National Mall, Smithsonian Museums, and Capitol Hill. Additionally, Reagan National Airport and the Washington Convention Center are just a short drive away, enhancing the property’s appeal for both short-term stays and extended visits. This fully furnished property is ready to start generating rental income immediately, offering a steady revenue stream from day one. The home comes fully equipped with high-quality fixtures and finishes, ensuring a luxurious and comfortable stay for guests. With a proven track record on Airbnb, it’s a truly turnkey property with the potential for excellent returns. This rare gem includes all furniture and fixtures, making it an even more attractive investment. From stylish living areas to fully equipped bedrooms, everything you need is already in place, allowing you to begin reaping the rewards immediately. Opportunities like this don’t come often. Properties of this caliber and potential are hard to find in today’s market. See what makes this property an incredible opportunity

Listing Status:
Active
Date Added:
May 13, 2025 at 05:00AM
Listing Office:
Keller Williams Capital Properties : 2022437700
Listing Agent:
Keith James : 2028081381
MLS ID:
DCDC2200490
  • Flooring: Ceramic TileHardwood
  • A/C: Central A/C
  • Heating: YCentralNatural Gas
  • Disability Feature: None

This listing courtesy of Keith James, Keller Williams Capital Properties

Monthly Payment

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

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Location

Schools Nearby

S

Seaton Elementary School

1503 10th St NW, Washington, DC, 20001

Grades EE-5

0.25 miles away

S

Shaw Middle School

, Washington, DC, 20001

Grades 6-8

0.33 miles away

D

Dunbar High School

101 N St NW, Washington, DC, 20001

Grades 9-12

0.43 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.