$629,999

968 MOUNT OLIVET ROAD, Washington, DC 20002

  • 1,680 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1951
  • Property Lot Size Icon1,307sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $375/sqft
  • Property List Date Icon Listed 3 months ago

Property 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.

Listing Status:
Active
Date Added:
February 11, 2025 at 06:00AM
Listing Office:
Compass : 4108867342
Listing Agent:
Desmond Kevin Aberdeen : 2025284698
MLS ID:
DCDC2174540
  • General: Window TreatmentsOther
  • Appliances: Oven/Range - GasRefrigerator
  • A/C: None
  • Heating: YRadiatorNatural Gas
  • Disability Feature: Level Entry - Main

This listing courtesy of Desmond Kevin Aberdeen, Compass

Monthly Payment

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

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Location

Schools Nearby

W

Wheatley Education Campus

1299 Neal St NE, Washington, DC, 20002

Grades EE-8

0.59 miles away

W

Wheatley Education Campus

1299 Neal St NE, Washington, DC, 20002

Grades EE-8

0.59 miles away

M

McKinley Technology High School

151 T St NE, Washington, DC, 20002

Grades 9-12

0.81 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.

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