DC > Washington > Ivy City
Washington, DC 20002,968 MOUNT OLIVET RD NE
Washington, DC 20002,968 MOUNT OLIVET RD NE
Washington, DC 20002,968 MOUNT OLIVET RD NE
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Simone Velvel

Simone Velvel

+1(703) 507-7614
$629,999
Est. payment /mo
1,680 SqFt
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UPDATED:

02/11/2025 08:46 AM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,680 sqft

Price per Sqft $374

Subdivision Ivy City

MLS Listing ID DCDC2174540

Style Other

Abv Grd Liv Area 1,680

Originating Board BRIGHT

Year Built 1951

Annual Tax Amount $898

Tax Year 1996

Lot Size 1,352 Sqft

Acres 0.03

Property Sub-Type Triplex

Property Description

968 Mount Olivet Rd NE is a prime investment opportunity in the Ivy City neighborhood of Washington, D.C. This three-unit multifamily building is situated on a 0.0300-acre parcel and is classified under Property Class Code 023. It offers three one-bedroom units with approximately 1,352 rentable square feet.

The property's strategic location provides excellent accessibility. It is just one block from the Mt. Vermin Sq 7th St—Convention Center Metro Station (Green/Line) and a short distance from NoMa-Gallaudet and the bustling retail areas around Union Station. This makes it highly attractive for tenants seeking convenience and connectivity.

The Ivy City submarket is known for its desirability. With a median household income of $107,000 and a low vacancy rate of 3.33%, these factors, combined with the property's central location, strong occupancy, and potential for value-added improvements, make 968 Mount Olivet Rd NE a compelling investment in a thriving rental market.

Location

State DC

County Washington

Zoning R4

Interior

Interior Features Window Treatments, Other

Hot Water Natural Gas

Heating Radiator

Cooling None

Equipment Oven/Range - Gas, Refrigerator

Fireplace N

Window Features Casement,Storm

Appliance Oven/Range - Gas, Refrigerator

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Metal

Accessibility Level Entry - Main

Garage N

Building

Lot Description Other

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 4039//0809

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Other, Conventional, FHA, VA

Listing Terms Other, Conventional, FHA, VA

Financing Other,Conventional,FHA,VA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Desmond Kevin Aberdeen • Compass
advisor-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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968 MOUNT OLIVET RD NE

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