Address
623 5th Street Ne, Washington, DC
Price
$ 2,900,000
Property Attributes
- MLS#DCDC2275936
- TypeSingle Family
- Listing Status ACTIVE
- CountyWASHINGTON
- CityWashington
- NeighborhoodOld City #1
- Zip20002
- StyleColonial
- Year Built1912
- Taxes$ 15540
- Price$ 2,900,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7825
- Lot Size0.08 Acres
Data Source:
Bright MLS
Property 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, 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, cafs, 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Ludlow-Taylor Elementary School | Stuart-Hobson Middle School | Eastern High School |
| Price History | |
|---|---|
| 7/29/2026 | Listed $2,900,000 |
General Features
| 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 |
| Type of Parking | On Street |
| 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
Property vs Single Family Average in 20002
Price
Taxes
Year Built
Visits
All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listing are ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
All MLS listings are © 2026 Central Virginia Regional Multiple Listing Service, LLC. All
Charlottesville Area Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
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