1927 15TH ST NW Washington, DC 20009
5 Beds
3 Baths
3,105 SqFt
UPDATED:
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,105 sqft
Price per Sqft $571
Subdivision U Street Corridor
MLS Listing ID DCDC2248664
Style Traditional
Bedrooms 5
Full Baths 3
HOA Y/N N
Abv Grd Liv Area 2,070
Year Built 1908
Annual Tax Amount $11,839
Tax Year 2025
Lot Size 1,739 Sqft
Acres 0.04
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
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.
Location
State DC
County Washington
Zoning RA-2
Rooms
Basement Daylight, Partial, Front Entrance, Rear Entrance
Main Level Bedrooms 2
Interior
Interior Features Combination Dining/Living, Floor Plan - Open
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Flooring Hardwood, Ceramic Tile
Equipment Dishwasher, Disposal, Dryer, Refrigerator, Washer, Oven/Range - Electric
Fireplace N
Appliance Dishwasher, Disposal, Dryer, Refrigerator, Washer, Oven/Range - Electric
Heat Source Electric
Exterior
Exterior Feature Balconies- Multiple, Patio(s)
Garage Spaces 2.0
Water Access N
Accessibility None
Porch Balconies- Multiple, Patio(s)
Total Parking Spaces 2
Garage N
Building
Story 3
Foundation Brick/Mortar
Above Ground Finished SqFt 2070
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Senior Community No
Tax ID 0205//0040
Ownership Fee Simple
SqFt Source 3105
Security Features Security Gate
Special Listing Condition Standard
Virtual Tour https://vimeo.com/1154011341?fl=pl&fe=sh
