1202 P St Nw, Washington, DC 20005
Local realty services provided by:Better Homes and Gardens Real Estate GSA Realty
1202 P St Nw,Washington, DC 20005
$2,200,000
- - Beds
- - Baths
- 4,279 sq. ft.
- Multi-family
- Pending
Listed by: ari firoozabadi
Office: greysteel company llc.
MLS#:DCDC2211704
Source:BRIGHTMLS
Price summary
- Price:$2,200,000
- Price per sq. ft.:$514.14
About this home
THE OPPORTUNITY
1202 P Street NW presents a rare opportunity to acquire a meticulously maintained, four-unit apartment building in Logan Circle, one of Washington, DC’s most vibrant and walkable neighborhoods. The building is fully leased and
generates strong in-place cash flow with upside potential through strategic rent increases or condo conversion. Each unit is approximately 950 SF, offering spacious layouts ideal for long-term tenants.
SIGNIFICANT CAPITAL IMPROVEMENTS
Current ownership has invested over $250,000 in renovations, including:
• New High-End Front Door
• Façade Repointing
• New Windows
• New Roof
• Interior Renovations in All Units
Systems upgrades include a new security system and replacement of all HVAC units. These improvements reduce future capex needs and support premium rents.
ATTRACTIVE FEATURES
The property includes two large 2BR/1BA units, one 1BR/1BA unit, and one garden-level 1BR/1BA unit, providing flexible leasing options for a range of tenant profiles. All units offer modern finishes, in-unit W/D, and efficient floor plans.
STRONG IN-PLACE CASH FLOW
The property generates annual gross rents of $142,248 ($11,854/month), with relatively low monthly expenses, representing a strong yield at acquisition. In-place rent averages $3.09/SF/month with room for increases based
on comps in the submarket.
PREMIUM LOGAN CIRCLE LOCATION
Located on a quiet residential block in Logan Circle, 1202 P Street NW is walkable to Whole Foods, 14th Street’s retail and restaurant corridor, and Metro. The area is among DC’s most desirable rental locations, offering stability, lifestyle amenities, and long-term value appreciation. High demand for boutique units in this submarket ensures continued low vacancy.
LOWER MONTHLY CARRY WITH FHA LEVERAGE
Buyers can utilize 95% FHA financing to significantly reduce cash-to-close and monthly debt service. With a 30-year fixed loan, monthly P&I can be as low as $12,600. This allows an owner-occupant to live in one unit with mortgage
payments reduced by rents.
Contact an agent
Home facts
- Year built:1890
- Listing ID #:DCDC2211704
- Added:116 day(s) ago
- Updated:November 15, 2025 at 09:07 AM
Rooms and interior
- Living area:4,279 sq. ft.
Heating and cooling
- Heating:Hot Water, Natural Gas
Structure and exterior
- Year built:1890
- Building area:4,279 sq. ft.
- Lot area:0.03 Acres
Utilities
- Water:Public
Finances and disclosures
- Price:$2,200,000
- Price per sq. ft.:$514.14
- Tax amount:$14,452 (2024)
New listings near 1202 P St Nw
- Open Sun, 2 to 4pm
$1,550,000Pending3 beds 4 baths3,423 sq. ft.626 A St Ne, WASHINGTON, DC 20002
MLS# DCDC2213156Listed by: COMPASS 
$550,000Pending2 beds 2 baths1,250 sq. ft.901 19th St Ne #ph2, WASHINGTON, DC 20002
MLS# DCDC2231472Listed by: M SQUARED REAL ESTATE LLC- Coming Soon
$580,000Coming Soon4 beds 4 baths4321 Minnesota Ave Ne, WASHINGTON, DC 20019
MLS# DCDC2231890Listed by: KELLER WILLIAMS PREFERRED PROPERTIES - Coming Soon
$4,500,000Coming Soon4 beds 2 baths3028 Q St Nw, WASHINGTON, DC 20007
MLS# DCDC2229604Listed by: TTR SOTHEBY'S INTERNATIONAL REALTY - Coming SoonOpen Sat, 1 to 3pm
$1,099,000Coming Soon7 beds 5 baths23 Madison St Nw, WASHINGTON, DC 20011
MLS# DCDC2231846Listed by: COLDWELL BANKER REALTY - WASHINGTON - Open Sun, 1 to 3pmNew
$325,000Active3 beds 2 baths1,157 sq. ft.4631 Minnesota Ave Ne, WASHINGTON, DC 20019
MLS# DCDC2231878Listed by: CLARK PREMIER REALTY GROUP - Coming Soon
$475,000Coming Soon4 beds 3 baths4954 8th St Ne, WASHINGTON, DC 20017
MLS# DCDC2231902Listed by: KELLER WILLIAMS CAPITAL PROPERTIES - New
$525,000Active4 beds -- baths1,800 sq. ft.3310 12th St Se, WASHINGTON, DC 20032
MLS# DCDC2231918Listed by: RLAH @PROPERTIES - New
$420,000Active4 beds -- baths1,992 sq. ft.146 Joliet St Sw, WASHINGTON, DC 20032
MLS# DCDC2231922Listed by: THE HOME TEAM REALTY GROUP, LLC - Open Sat, 1 to 4pm
$364,000Active1 beds 1 baths646 sq. ft.1417 Chapin St Nw #404/504, WASHINGTON, DC 20009
MLS# DCDC2198904Listed by: RE/MAX GATEWAY, LLC
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.