515 Constitution Ne, WASHINGTON, DC 20002
Local realty services provided by:Better Homes and Gardens Real Estate Capital Area
515 Constitution Ne,WASHINGTON, DC 20002
$1,150,000
- 3 Beds
- - Baths
- 2,919 sq. ft.
- Multi-family
- Active
Listed by:philip e guire
Office:compass
MLS#:DCDC2146612
Source:BRIGHTMLS
Price summary
- Price:$1,150,000
- Price per sq. ft.:$393.97
About this home
Rare opportunity to purchase a FULLY-TENANTED, pretty bayfront Victorian 4 unit property in PRIMO location steps to Stanton Park, Union Station Metro, Eastern Market, US Capitol Complex and everything the Hill has to offer. Walk Score of 92, Bike Score of 97.
All 4 units offer tall ceilings, beautiful original mantels and tilework on decorative fireplaces, nice original doors and trim throughout, including the main hallway staircase banister and spindles. The upper 3 units have pretty pine floors, their living areas at front get good light from large bay windows, their updated kitchens have a single run of upper and lower cabinets w/formica countertops, bathrooms are updated and each includes a linen closet. The upper 2 units have quite large screened-in porches providing 3-season additional space to relax and unwind. On the main level unit that porch space has been enclosed w/windows and incorporated into the unit as an un-conditioned sun room, along w/private stairs to backyard.
The spacious-feeling lower level studio unit is carpeted, has 8’ tall ceilings, a large walk-in closet, an updated bathroom, newer L-shaped open kitchen w/formica countertops, and direct access to the spacious shared fully-fenced backyard patio where tenants enjoy relaxing and entertaining, sheltered by a large tree. There is a gate for pedestrian access to the alley, making it easy for bikes/strollers.
Well-maintained building: screened-in rear porches were recently re-built and re-supported; brickwork was repointed on sides and at rear; the main hallway was recently repainted and re-carpeted; and the newish metal roof was recoated in the past 5 years. There is a single boiler for heat to the building, a single 75 gallon water heater for the building. These systems are located in a separate space on lower level, accessed from outside the building through pedestrian gate to alley. Each unit has 1 window unit A/C that conveys w/sale. Each unit has its own electric meter and electricity is paid individually by each unit. Gas is paid by owner.
The 3 1BR/1BA units on upper floors are each month to month w/longterm tenants, the lower level studio is also month-to-month. Subject to rent control, the 2023 annual rent was $72,223 and the 2024 monthly rent roll totals $6502 ($78,024 per year). TOPA notice will be given. This property has had VERY little turnover, 3 are long-term tenants. PROPERTY CONVEYS WITH TENANTS IN PLACE. Property offers possibilities for investor looking to take over a FULLY-TENANTED 4-unit property, or for a savvy owner-occupier who might wish to occupy one or more units for themselves and continue renting out the others. All prospective buyers are advised to run numbers w/a financial advisor knowledgeable about DC TOPA regarding 4 unit buildings, and see how this may work financially BEFORE attempting to see the property. To avoid unnecessarily inconveniencing tenants, seller is requiring proof of funds or lenders letter before scheduling all showings. Shown strictly by appointment during business hours, w/minimum 24 business hour advance notice. Initial showings are likely to be for just one of the 4 occupied units, arrangements to view other units would be made w/submission of an offer to purchase the property. TENANTS CONVEY WITH THE SALE OF THE PROPERTY. Note that sf figures are not to be used for valuation purposes. Thank you for reading this completely.
Contact an agent
Home facts
- Year built:1907
- Listing Id #:DCDC2146612
- Added:426 day(s) ago
- Updated:August 19, 2025 at 01:32 PM
Rooms and interior
- Bedrooms:3
- Living area:2,919 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Hot Water, Natural Gas
Structure and exterior
- Roof:Metal
- Year built:1907
- Building area:2,919 sq. ft.
- Lot area:0.03 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,150,000
- Price per sq. ft.:$393.97
- Tax amount:$13,516 (2024)
New listings near 515 Constitution Ne
- Coming Soon
$285,000Coming Soon2 beds 1 baths5885 Colorado Ave Nw #108, WASHINGTON, DC 20011
MLS# DCDC2215802Listed by: PEARL PROPERTIES - New
$499,900Active4 beds -- baths2,240 sq. ft.3427 B St Se, WASHINGTON, DC 20019
MLS# DCDC2216132Listed by: RLAH @PROPERTIES - New
$1,395,000Active3 beds 3 baths1,775 sq. ft.1310 Q St Nw #4, WASHINGTON, DC 20009
MLS# DCDC2213522Listed by: COMPASS - New
$699,900Active2 beds 2 baths1,200 sq. ft.902 T St Nw #a, WASHINGTON, DC 20001
MLS# DCDC2215638Listed by: COMPASS - New
$599,900Active5 beds 4 baths2,704 sq. ft.828 49th St Ne, WASHINGTON, DC 20019
MLS# DCDC2215964Listed by: KELLER WILLIAMS CAPITAL PROPERTIES - Coming Soon
$969,000Coming Soon4 beds 4 baths325 Oglethorpe St Nw, WASHINGTON, DC 20011
MLS# DCDC2216116Listed by: SAMSON PROPERTIES - New
$399,000Active2 beds 1 baths704 sq. ft.1401 Columbia Rd Nw #213, WASHINGTON, DC 20009
MLS# DCDC2216112Listed by: SAMSON PROPERTIES - New
$799,000Active4 beds 4 baths2,268 sq. ft.4600 9th St Nw, WASHINGTON, DC 20011
MLS# DCDC2215878Listed by: COLDWELL BANKER REALTY - WASHINGTON - New
$899,900Active3 beds 2 baths1,476 sq. ft.1528 E St Se, WASHINGTON, DC 20003
MLS# DCDC2215554Listed by: NETREALTYNOW.COM, LLC - New
$409,900Active2 beds 2 baths1,069 sq. ft.4301 Massachusetts Ave Nw #3009, WASHINGTON, DC 20016
MLS# DCDC2199826Listed by: H.A. GILL & SON
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.