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4 Beds
4 Baths
2,964 sqft

$839,999

1721 WEST VIRGINIA AVENUE NE, WASHINGTON DC, 20002

Price per sqft$283.40
Built in1932
Property size2,964 sqft
Property typeTownhomes

Overview

Active

Active-bright

Listed Jul 16, 2026

Updated 7 days ago

100% Occupied | Approx. $68,760 Gross Annual Rental Income | Turnkey Investment Opportunity Skip the lease-up, avoid vacancy concerns, and start generating income from day one. This fully leased three-unit multifamily property offers immediate cash flow, stable tenancy, and exceptional long-term investment potential in one of Northeast Washington, D.C.'s fastest-growing neighborhoods. Located in the vibrant Trinidad community, 1721 West Virginia Ave NE features an ideal unit mix with all three apartments currently occupied, providing a proven income-producing asset for investors seeking a turnkey addition to their portfolio or a strong 1031 Exchange opportunity. Current Rental Income: • Unit 1: 1 Bedroom | 1 Bath – $1,500/month • Unit 2: 1 Bedroom | 1 Bath – $1,650/month • Unit 3: 2 Bedrooms | 2 Baths – $2,580/month Annual Gross Rental Income: Approximately $68,760 Each residence offers thoughtfully updated interiors with modern kitchens and bathrooms, comfortable floor plans, and quality finishes designed to attract and retain tenants. Rear off-street parking provides an added convenience that is increasingly valuable in the District. An additional investment advantage is that each tenant pays their own utilities, helping reduce owner operating expenses and improve overall investment performance. Positioned just minutes from Union Market, the H Street Corridor, Ivy City, NoMa, Gallaudet University, Union Station, Capitol Hill, and downtown Washington, D.C., the property enjoys outstanding access to shopping, dining, entertainment, Metro, New York Avenue (US-50), and major commuter routes. Continued redevelopment and strong rental demand throughout the surrounding area make this an exceptional opportunity for both immediate cash flow and long-term appreciation. Whether you're expanding your portfolio, completing a 1031 exchange, or acquiring your first multifamily investment, this well-maintained, fully occupied property offers the rare combination of stability, income, and future growth potential. A performing asset from day one. The tenants are in place. The income is established. The opportunity is yours.

$5,589/mo

Est. mortgage payment based on a $839,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
DCDC2269830

Interior Features

Bedrooms
4
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.07 Acres

Other Property Details

Taxes
$7,990
Tax Frequency
Annually
55+/Senior Community
No
MLS provider logo

Listed by eXp Realty LLC
Listing Contact: 5204041215 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/2/2026 at 12:25 AM UTC

 

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