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526 Newton Place NW Washington, DC $ 1,300,000
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$ 1,300,000 Get more info
526 Newton Place NW
$ 1,300,000
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Share Save

526 Newton Place NW

Washington, DC, 20010
$ 1,300,000
Baths0.0 Sq 3,960

Monthly Estimate*

$ 8,640

526 Newton Place NW, Washington, DC 20010 - Image 1
526 Newton Place NW, Washington, DC 20010 - Image 2
526 Newton Place NW, Washington, DC 20010 - Image 3
526 Newton Place NW, Washington, DC 20010 - Image 4
526 Newton Place NW, Washington, DC 20010 - Image 5
Studio

Commercial Property for sale in Washington, DC

for $1,300,000. This 3,960 square foot building was built in 1953.

Investor Alert! A prime opportunity awaits with this 6-unit building now available for sale. Each unit features one bedroom, one bath, separate utilities, and private balconies. Located 2 blocks off Georgia Ave in the flourishing Petworth/Park View neighborhood, this property presents versatile options for savvy investors. Whether as a strategic buy-and-hold investment with the potential for significant unit upgrades or a lucrative conversion into luxury condos, the possibilities are endless. Noteworthy features include a vacant rear lot, offering further expansion potential. The property will be sold "as-is" and delivered vacant, with six of the units currently owner-occupied. Additionally, the owners may request a short rent-back period post-closing. Showings are exclusively scheduled for Fridays, between 2:30 PM and 5:00 PM. Don't miss out on this exceptional opportunity to capitalize on the thriving real estate market in the sought-after Park View neighborhood.

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Commercial Active

Price

$ 1,300,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,635

Style

Apartment Building

Year Built

1953

Town/City

Washington

County/Region

District of Columbia

MLS | Web ID

DCDC2129544
Features
Interior
Heating Fuel Electric
Hot Water Electric
Heating Y/N Y
Street Suffix PLACE
Central Air Y/N N
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General
Sewer Public Septic
Heating Central
Cooling Multi Units
Possession Seller Rent Back
Zoning RES COOPERATIVE - HORIZON
Construction Materials Brick
Year Built 1953
Property SubType Five Or More Units
Tax Year 2023
Percent Ownership Cooperative
Cool Fuel Electric
Business Type Apartment Building
Accessibility 2+ Access Exits
County WASHINGTON
New Construction N
Property Type Commercial Sale
Possible Use Apartment Building Apartments Development Investment Multi-Family Residential Special Purpose Other
Water Access Y/N N
Status ACTIVE
Directions 2 blocks off Georgia Ave in Park View
City WASHINGTON
Buyer Agent Compensation 50
Total Units 6
Waterfront Y/N N
Street Name NEWTON
Tax Annual Amount 5635.0
Price Per Sq Ft Total 328.28
Acceptable Financing Cash Conventional Exchange FHA FHA 203(b) FHA 203(k) Installment Sale Joint Venture Private Other
Historic Y/N N
Vacation Rental Y/N N
Days on Market 82
Standard Status Active
Year Built Source Assessor
Legal Subdivision Columbia Heights
Tax Lot 815 + 816
Buyer Agent Compensation Type % Of Gross
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Exterior
Lot Features Additional Lot(s)
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 3960.00
Soil Types Unknown
Land Assessed Value 263850.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 526
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* Excluded Features
List By
Ttr Sotheby's International Realty

Broker

nspencer@ttrsir.com

Email

Affordability Calculator

$9,110
Per Month
95%
5%
0%
Monthly Principal & Interest
$8,640
Monthly Property Taxes
$470
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/31/2024$1,300,000 -13.33% Price Down
3/2/2024$1,500,000 Listed Price

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526 Newton Place NW, Washington, DC, 20010 is a Commercial Property for sale at $1,300,000 with 3,960 sqft. 526 Newton Place NW is a studio with 0.0 baths and was built in 1953. The property's zip code is 20010 which is in Washington, DC

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