1313 Adams Street NE, Washington, DC 20018

USD 890,000

For Sale MLS: DCDC2260526

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Property Details

Description

Prime Opportunity for 1031 Exchange and DSCR Investors - Fully Stabilized 4-Unit Asset with Strong Program-Backed Income. This well-maintained four-unit building is delivered 100% occupied, with all units currently leased through the voucher program and producing a total actual gross rent of $9,257 per month. The unit mix includes two 3-bedroom units, one 2-bedroom unit, and one 1-bedroom unit, offering a diversified rent roll supported by long-term demand in this submarket. Operational responsibilities for the owner are limited to water, trash, and common-area electric, allowing investors to maintain predictable expense ratios and straightforward DSCR underwriting. With program-backed rents already in place, the property provides immediate in-place cash flow and a stable income profile suitable for 1031 exchange investors seeking to preserve and reposition capital, as well as DSCR-focused investors prioritizing consistent rent streams. The building's existing voucher rent structure, combined with its fully occupied status, offers investors a reliable foundation for long-term hold strategies, future compliance modernization, or incremental operational improvements. All financial information is based on current leases and program participation; no future performance is represented or guaranteed.

PROPERTY DETAILS: Square Feet: 3360

INTERIOR FEATURES: • Square Footage (approx): 3,360 Sq. Ft. Above Ground, Sq. Ft. Below Ground • Cooling: Wall Unit(s), Window Unit(s) • Heating: Gas Heat, Baseboard • Plumbing: Gas Water Heater

EXTERIOR FEATURES: • Parking: None. • Exterior: Brick • Pool Description: None • Zoning: R-3

LISTING AGENT: Agent: Abel Gebremichael | Office: Keller Williams Capital Properties | Phone: 2022437700 | Email: [email protected]

LISTING INFORMATION: MLS#: DCDC2260526 | Status: FOR SALE

Location

Address

1313 Adams Street NE

City

Washington

Features and Finishes

Interior Features:

• Square Footage

(approx): 3,360 Sq. Ft. Above Ground, Sq. Ft. Below Ground

• Cooling: Wall Unit(s), Window Unit(s)

• Heating: Gas Heat, Baseboard

• Plumbing: Gas Water Heater

Exterior Features:

• Parking: None.

• Exterior: Brick

• Pool Description: None

• Zoning: R-3

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