Precious Bankole

623 5th Street Ne

Washington, DC
$ 2,900,000 Beds 0 Baths 0 Sq 7,825 Virtual Tour
Monthly Estimate* How much can I afford?

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 citys 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 balconiesa 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.

ACTIVE

  • Price
  • $ 2,900,000
  • City
  • Washington
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • County
  • WASHINGTON
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.08 Acres
  • Zip
  • 20002
  • Sqr Footage
  • 7,825
  • Year Built
  • 1912
  • Taxes
  • $ 15540
  • Style
  • Colonial
  • MLS#
  • DCDC2275936
Listed By: Greg S Schwartz with Keller Williams Realty - 7036791700;
Data Source: Bright MLS

Features

General

Living Area 7825
Sewer Public Sewer
Heating Other
Cooling Other
Possession Settlement
Zoning R4
Architectural Style Colonial
Construction Materials Brick
School District DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Year Built 1912
Levels 4
Tax Year 2026
Ownership Fee Simple
Cool Fuel Other
Accessibility None
County WASHINGTON
New Construction No
Property Type Residential
HOA No
Subdivision Name OLD CITY #1
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Status ACTIVE
Directions via 6th St NE: Head toward 6th St NE,turn right onto 6th St NE,turn left onto F St NE,turn right onto 5th St NE,destination will be on the right
City WASHINGTON
Senior Community Y/N No
Lot Size Units Square Feet
Lot Size Square Feet 3552.00
Tax Assessed Value 2146980.0
Tax Annual Amount 15540.0
Structure Type Other
Condo/Coop Association fee Y/N No
Bathrooms Count Main Level 0.00
Price Per Sq Ft Total AG 370.61
Vacation Rental Y/N No
Virtual Tour https://canva.link/mttuvxa1byf4cv4
Total SQFT 7825
Standard Status Active
Year Built Source Assessor
Legal Subdivision Old City 1
Tax Lot 800

Interior Features

Heating Fuel Natural Gas
Hot Water Other
Basement (Y/N) No
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 7825
Central Air Y/N No
Below Grade Finished Area Unit Type Square Feet
LivingAreaSource Estimated
Below Grade Unfin Area Units Square Feet
Below Grade Unfin SQFT Source Assessor
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet

Exterior Features

Pool No Pool
Water Source Public
Total Parking Spaces 1
Type of Parking On Street,Driveway
Foundation Details Other
Water View Y/N No
Lot Size Acres 0.08
Lot Size Source Assessor
Waterfront Y/N No
Soil Types Unknown
Land Assessed Value 613750.00
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Martinsburg, WV office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Ludlow-Taylor Elementary School
Middle School Stuart-Hobson Middle School
High School Eastern High School

Price History

7/29/2026 Listed $2,900,000

Property vs Zip Code Average in 20002

Price
AVG $990K
$2.9M
Taxes
AVG $6,645
$15,540
Year Built
AVG 1930
1912
Visits
AVG 733
162
Data Provided by Inside Real Estate®

Areas That We Cover

623 5th Street Ne Washington, DC is a Single Family Home for sale at $2900000 with 7825 sqft and a lot size of 0.08 Acres Acre(s). 623 5th Street Ne Washington has 0 bedrooms, 0 baths and was built in 1912. The property's zip code is 20002 which is in Washington, DC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Precious Bankole

Precious Bankole

240-351-5185

By pressing Contact Me, you agree that Weichert® may contact you via phone about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our Privacy Policy