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623 5TH ST NE, Washington, DC 20002
623 5TH ST NE, Washington, DC 20002
623 5TH ST NE, Washington, DC 20002
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Listed by Mr. Greg S Schwartz • Keller Williams Realty
$2,900,000
Est. payment /mo
7,825 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,825 sqft

Price per Sqft $370

Subdivision Old City #1

MLS Listing ID DCDC2275936

Style Colonial

HOA Y/N N

Abv Grd Liv Area 7,825

Year Built 1912

Available Date 2026-08-19

Annual Tax Amount $15,540

Tax Year 2026

Lot Size 3,552 Sqft

Acres 0.08

Source BRIGHT

Property Description

Investor Alert! Rare opportunity to acquire a seven-unit apartment building in the heart of Capitol Hill, offering strong in-place income, low operating expenses, and compelling value-add potential. With a Net Operating Income of $195,650 and an approximately 7% cap rate, this well-maintained property presents an attractive investment opportunity in one of the city's most desirable and well-connected locations. Investors can benefit from immediate cash flow while retaining clear opportunities for future rent optimization and long-term growth.

Every residence is fully equipped with an in-unit washer and dryer for added tenant convenience. The property offers a desirable mix of floor plans, including a detached two-level, approximately 1,500-square-foot carriage house that adds unique flexibility and additional upside to the portfolio.

Private outdoor space is another standout feature, with every residence offering at least one private outdoor area and most featuring two private balconies—a highly sought-after amenity in an urban market. The property also includes one private driveway parking space, an added convenience in this prime Capitol Hill setting.

Unit Breakdown:

Unit 1: 2 bedrooms, 2 bathrooms, 2 private balconies, in-unit washer/dryer

Unit 2: 2 bedrooms, 2 bathrooms, 2 private balconies, in-unit washer/dryer

Unit 3: 2 bedrooms, 2 bathrooms, 2 private balconies, in-unit washer/dryer

Unit 4: 2 bedrooms, 2 bathrooms, 1 private balcony, in-unit washer/dryer

Unit 5: 1 bedroom, 1 bathroom, in-unit washer/dryer

Unit 6: 1 bedroom, 1 bathroom, private covered porch, in-unit washer/dryer

Unit 7 (Carriage House): 2 bedrooms, 2.5 bathrooms, two levels, private balcony, in-unit washer/dryer

Ideally located minutes from Union Station, Metro, the H Street Corridor, Eastern Market, and the U.S. Capitol, the property provides convenient access to dining, shopping, parks, employment centers, and major transportation routes. The combination of a strong approximately 7% cap rate, impressive NOI, in-unit laundry, private outdoor living spaces, driveway parking, and a premier Capitol Hill location makes this an exceptional turn-key asset with compelling long-term investment potential.

Photos may be virtually staged.

Location

State DC

County Washington

Zoning R4

Interior

Hot Water Other

Heating Other

Cooling Other

Fireplace N

Heat Source Natural Gas

Exterior

Garage Spaces 1.0

Water Access N

Accessibility None

Total Parking Spaces 1

Garage N

Private Pool No

Building

Story 4

Foundation Other

Above Ground Finished SqFt 7825

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories 4

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Ludlow-Taylor

Middle Schools Stuart-Hobson

High Schools Eastern

School District District Of Columbia Public Schools

Others

Senior Community No

Tax ID 0834//0800

Ownership Fee Simple

SqFt Source 7825

Special Listing Condition Standard

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Arslan Jamil

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