About 623 5th St Ne
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, 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.
