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623 5TH STREET, Washington, DC 20002
623 5TH STREET, Washington, DC 20002
623 5TH STREET, Washington, DC 20002
623 5TH STREET, Washington, DC 20002
623 5TH STREET, Washington, DC 20002
623 5TH STREET, Washington, DC 20002
623 5TH STREET, Washington, DC 20002
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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! 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 a...

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.

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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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Call 301-622-2222
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: Greg S Schwartz
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
  • Originating System Name: Bright
  • List Agent Mls Id: 83047
  • List Office Mls Id: KWR8
  • MLS Status: ACTIVE-BRIGHT
  • Modification Timestamp: 2026-09-14T20:05:42Z
  • Status Change Timestamp: 2026-08-19T04:00:00Z
Rob Spicer Broker, GRI Rob Spicer Broker, GRI Spicer Real Estate

7201 Wisconsin Avenue

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