1017 17th Pl Ne, WASHINGTON, DC 20002

Local realty services provided by:Better Homes and Gardens Real Estate GSA Realty
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1017 17th Pl Ne,WASHINGTON, DC 20002
$849,900
  • 8 Beds
  • - Baths
  • 2,810 sq. ft.
  • Multi-family
  • Pending
Listed by:alvin d rice
Office:coldwell banker realty - washington
MLS#:DCDC2187996
Source:BRIGHTMLS

Price summary

  • Price:$849,900
  • Price per sq. ft.:$302.46

About this home

***EXCELLENT OPPORTUNITY FOR DEVELOPER*** 100% FINANCING AVAILABLE***Welcome to 1017 17th Place NE a multiple unit apartment building located in the subdivision of Trinidad/Langston Carver, Washington DC. At current, each unit offers 2 bedroom/1 bath with extended bump out. In need of renovation and/or repairs. Excellent opportunity for a multiple unit condo conversion. Lot size: 3,744 s/f; Zoning RA-2; NO PLANS OR PERMITS. Very deep rear yard. Parking up to 4 vehicles. Projected Condo Project: 8 units = (8) 2-bdrm at 900 s/f each ($485 s/f), Total s/f = 7,200; ARV = $3,492,000. Projected Construction Cost: Acquisition Cost $850,000; Construction Cost: $1,188,000 ($165+ per s/f x 7,200 s/f of living area); Negotiated Broker’s Fee (5%); $174,600; Carrying Cost at 13% on $850,000: $221,000 (24 months); Plans & Permits: $50,000; Legal Fees: $10,000; Total Acquisition & Construction Cost: $2,493,600; Profit: $998,400; ROR: 40%; Very HOT area for new development. Condo conversion projects

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Home facts

  • Year built:1936
  • Listing Id #:DCDC2187996
  • Added:164 day(s) ago
  • Updated:August 16, 2025 at 07:27 AM

Rooms and interior

  • Bedrooms:8
  • Living area:2,810 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1936
  • Building area:2,810 sq. ft.
  • Lot area:0.09 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$849,900
  • Price per sq. ft.:$302.46
  • Tax amount:$7,600 (2024)

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