Spicer Real Estate
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$2,900,000
Active Active
DC,Washington

Location 623 5TH STREET, Washington, DC 20002

  • Sqft 7,825 Sqft SQFT
Basic Details Basic Details
Description

Investor Alert! Additional unit photography coming soon. Current interior photos showcase one of the seven units. Additional units will be professionally photographed and added as access becomes available. Rare opportunity to acquire a seven-unit apartment building in the heart of Capitol Hill, offering strong in-pl...

Investor Alert! Additional unit photography coming soon. Current interior photos showcase one of the seven units. Additional units will be professionally photographed and added as access becomes available. 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, this well-maintained property provides immediate cash flow with opportunities for future value enhancement. The property also includes a 1, 500-square-foot carriage house, adding flexibility and further distinguishing this investment offering. Private outdoor space is another notable feature, with every residence offering at least one private outdoor area and most featuring two private balconies, a valuable amenity in an urban setting. Unit Breakdown: Unit 1: 2 bedrooms, 2 bathrooms, 2 private balconies Unit 2: 2 bedrooms, 2 bathrooms, 2 private balconies Unit 3: 2 bedrooms, 2 bathrooms, 2 private balconies Unit 4: 2 bedrooms, 2 bathrooms, 1 private balcony Unit 5: 1 bedroom, 1 bathroom Unit 6: 1 bedroom, 1 bathroom with a private covered porch Unit 7: Carriage house 2 bedrooms, 2.5 bathrooms, two levels, balcony Ideally located just minutes from Union Station, Metro, the H Street Corridor, Eastern Market, and the U.S. Capitol, the property offers convenient access to restaurants, cafés, shopping, parks, cultural attractions, and major transportation. The combination of spacious residences, desirable private outdoor spaces, a premier Capitol Hill location, a detached carriage house, proven income, and clear upside potential makes this an exceptional investment opportunity. Photos may be virtually staged.

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Basic Details
  • Property Type: Residential
  • Listing Type: Active
  • Listing ID: DCDC2275936
  • Price: $2,900,000
  • Sqft: 7,825 Sqft
  • Year Built: 1912
  • Lot Area: 0.08 Acre
  • Location: US, DC, WASHINGTON-DC, Washington, OLD CITY #1, 20002
  • Structure Type: Other
  • Heating System: Other
  • Cooling System: Other
  • Listing Status: Active
Features & Appliances
Features
  • Architectural Style: Colonial
  • Sewer: Public Sewer
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Address Map Address Map
Neighborhood Neighborhood
  • Elementary School: LUDLOW-TAYLOR
  • High School: EASTERN
  • Middle School: STUART-HOBSON
MLS Addon MLS Addon
  • Office Name: Keller Williams Realty
  • Agent Name: Deborah K Reynolds
Additional Information Additional Information
  • Water Source: Public
  • Accessibility Features: None
  • Construction Materials: Brick
  • Foundation Details: Other
  • Levels: 4
  • On Market Date: 2026-08-19
Financial Financial
  • Tax Annual Amount: 15540.0
Listing Information Listing Information
  • Co List Agent Full Name: Greg S Schwartz
  • Co List Office Name: Keller Williams Realty
  • Originating System Name: Bright
  • Co List Agent Mls Id: 83047
  • Co List Office Mls Id: KWR8
  • List Agent Mls Id: 12434
  • List Office Mls Id: KWR8
  • MLS Status: ACTIVE-BRIGHT
  • Modification Timestamp: 2026-08-19T04:06:23Z
  • Status Change Timestamp: 2026-08-19T04:05:04Z
Rob Spicer Broker, GRI Rob Spicer Broker, GRI Spicer Real Estate

7201 Wisconsin Avenue

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