1712 Capitol Ave NE · Washington, DC 20002

$800,000

4 bd · 4.0 ba · 3,216 sqft · MultiFamily public records · 8 Days on market

Built 1937 2,890 sqft lot Est $817k · at est. ↓ 49% since listing

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.6/30.0
• ARV discount +8.4/15.0
• DSCR +7.9/10.0
• 1% rule +5.8/10.0
• Livability +3.7/5.0
• Schools +3.6/10.0
• Condition / age +2.5/5.0
• Rent growth +1.7/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks

Hurry! Don’t miss this exceptional opportunity to own a 4-unit multifamily townhouse with tremendous potential in Northeast Washington, DC. Each apartment features a private laundry area, one bedroom, a full bathroom, a kitchen/dining area, and a den with potential for additional expansion or flexible use. This property offers excellent possibilities for reconfiguration, renovation, or value-add improvements, making it ideal for investors or owner-occupants seeking income-generating potential. Three units are vacant and available for viewing, while one unit is currently occupied. Sold strictly 'As Is" Conveniently located in Northeast DC, this property is being sold subject to TO

Key facts

• 2,890 sq ft lot
• Built 1937
• Listed 8 days

Property features AI

Finance

• Financial info: Four total units; Land assessed separately from improvements

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas hot water (multi-tank)
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Year built: estimated
• Construction: Brick construction; Other foundation type
• Exterior features: Tidal water: none; Above-grade structures present

Interior

• Bedrooms: Four one-bedroom units (multi-unit property)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (natural gas)
• Interior features: No basement; Estimated living area

What this means for you Summary

Snapshot

• This is a 4 × 1-bed/1-bath units multifamily listed at $800k.

Deal economics

• At list price, monthly cash flow is $2k ($20k/yr) — positive. Per door: $413/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($9k rent vs $800k).
• Cap rate 8.8% vs local median 2.5% in Washington — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#1 in DC) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• District Of Columbia Public Schools (urban): math 33% / reading 40% proficiency, ranked #8 of 32 in DC (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Wheatley Education Campus (321 students, 0% FRL); Dunbar Hs (868 students, 0% FRL) — zoned schools average 0% FRL vs 65% district-wide (65 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents falling (-3.0%/yr); 560 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 27d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 1,737 units permitted in District of Columbia in 2024 (1,506 in 5+ unit buildings).
• At $8,643/mo this rent would consume 86% of the median local household income ($120k/yr) (locally 3854% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $6k of loan paydown is wiped out by about $24k of value loss. Plan a longer hold.
• District of Columbia County population projected at +50% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 22y ago; this cycle's ask has dropped $200k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $185k; list at $800k implies a 332% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1937 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $800,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1937 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.08% ✓
• Cap rate: 8.77%
• Cash-on-cash: 8.85%
• DSCR: 1.39
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $816,864
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1719 West Virginia Ave NE	0.09mi	4/—	3,100 (-4%)	8mo	$840,000	$271	83
1211 Simms Pl NE	0.15mi	3/4.0 (-1)	3,472 (+8%)	5mo	$1,220,000	$351	70
1912 M St NE	0.71mi	4/4.0	3,246 (+1%)	2mo	$825,000	$254	63
1217 Raum St NE	0.18mi	4/—	3,395 (+6%)	23mo	$699,000	$206	63
1359 Bryant St NE	0.73mi	4/—	3,200 (-0%)	10mo	$725,000	$227	57
1500 Oates St NE	0.53mi	5/— (+1)	3,602 (+12%)	15mo	$885,000	$246	37
1636 Lang Pl NE	0.60mi	5/— (+1)	2,790 (-13%)	15mo	$1,050,000	$376	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -6.2%
• Equity multiple: 0.78×
• Total profit: $-49,821
• Equity at exit: $119,283

10-year hold

• IRR: -0.5%
• Equity multiple: 0.97×
• Total profit: $-6,123
• Equity at exit: $69,169

Cash invested: $224,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State District of Columbia: 12 Strongly Tenant-Friendly · D+43
• County: — inherits STATE
• City Washington: 0 Strongly Tenant-Friendly · D+43

Rent Stabilization Program; TOPA gives tenants right of first refusal.

Methodology + full state rankings →

ZIP-level market 20002

• Rents YoY: -3.0%
• Active inventory: 560
• Price-to-rent: 30.9×

Monthly cashflow live

• Estimated rent: $8,643 high
• Mortgage (P&I): −$4,195
• Tax from tax record: −$647 /mo · $7,766/yr
• Insurance: −$333
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,815
• Net cashflow: $1,652

Break-even live

Break-even rent $6,552

Max offer price $800,000

Occupancy floor 76%

Sensitivity live

Price	-10% $2,105	-5% $1,879	+0% $1,652	+5% $1,426	+10% $1,199
Rent	-10% $969	-5% $1,311	+0% $1,652	+5% $1,994	+10% $2,335
Rate	-1.0pp $2,055	-0.5pp $1,856	base $1,652	+0.5pp $1,445	+1.0pp $1,234

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	1	1	$8,644
Total (4 units)			$8,643

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $200,000
• Closing costs: $24,000
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1714 Montello Ave NE Washington, DC	4.0	3.0	2100	$4,350	$2.07	26d	1	0.08mi
1255 Raum St NE Unit 1388282P Washington, DC	2.0–8.0	1.0–5.0	3245	$6,967	$2.15	4d	2	0.20mi
1222 Owen Pl NE Washington, DC	4.0	2.5	2164	$3,800	$1.76	26d	1	0.29mi
1167 Morse St NE #1 Washington, DC	5.0	4.5	3409	$8,500	$2.49	26d	1	0.47mi
1169 Morse St NE Washington, DC	3.0	3.0	2274	$4,250	$1.87	6d	1	0.47mi
1117 Montello Ave NE Washington, DC	4.0	3.5	2260	$4,500	$1.99	26d	1	0.49mi
1609 Levis St NE Washington, DC	4.0	4.5	2295	$3,900	$1.70	26d	1	0.50mi
1640 L St NE Washington, DC	3.0	2.0	2300	$3,700	$1.61	21d	1	0.56mi
1324 H St NE Unit 2 Washington, DC	4.0	1.5	2100	$4,000	$1.90	26d	1	0.66mi
2104 4th St NE #1 Washington, DC	4.0	3.5	2165	$6,150	$2.84	26d	1	0.94mi
723 5th St NE Unit 630P Washington, DC	3.0	3.0	3003	$7,500	$2.50	14d	1	0.97mi
301 V St NE Washington, DC	4.0	3.5	3000	$5,650	$1.88	21d	1	0.97mi
137 R St NE Washington, DC	3.0	1.5	2515	$3,550	$1.41	7d	1	0.99mi
333 17th Pl NE Washington, DC	3.0	1.5	2300	$3,400	$1.48	26d	1	1.16mi
1917 Lincoln Rd NE Washington, DC	3.0	3.0	2200	$4,500	$2.05	26d	1	1.17mi
13 S St NE Unit A Washington, DC	3.0	3.5	2200	$3,800	$1.73	24d	1	1.19mi
13 S St NE Unit A Washington, DC	3.0	3.5	2200	$3,800	$1.73	26d	1	1.19mi
45 Rhode Island Ave NE Unit 1388280P Washington, DC	2.0–6.0	2.0–6.0	10398	$10,512	$1.01	1d	2	1.21mi
1821 N Capitol St NE #2 Washington, DC	3.0	1.0	2719	$3,200	$1.18	26d	1	1.21mi
209 Douglas St NE Washington, DC	3.0	2.5	2700	$3,000	$1.11	26d	1	1.26mi
504 Capitol Ct NE Unit 170373P Washington, DC	3.0	2.0	2615	$7,350	$2.81	9d	1	1.26mi
15 Seaton Pl NW #1 Washington, DC	3.0	2.5	2539	$3,700	$1.46	26d	1	1.27mi
12 Rhode Island Ave NW Washington, DC	4.0	4.0	3319	$5,500	$1.66	26d	1	1.29mi
17 U St NW Unit A Washington, DC	4.0	3.5	2388	$6,000	$2.51	26d	1	1.32mi
2032 N Capitol St NW Unit 2 Washington, DC	3.0	1.0	3698	$3,950	$1.07	26d	1	1.32mi
2032 N Capitol St NW Unit 2 Washington, DC	3.0	1.0	3698	$3,950	$1.07	24d	1	1.32mi
221 20th St NE Unit 4 Washington, DC	3.0	1.0	3360	$2,999	$0.89	26d	1	1.33mi
2120 N Capitol St NW Washington, DC	5.0	3.0	3000	$5,500	$1.83	4d	1	1.34mi
1745 1st St NW Washington, DC	4.0	3.0	2804	$5,000	$1.78	14d	1	1.37mi
58 V St NW Unit A Washington, DC	3.0	2.5	2150	$5,200	$2.42	21d	1	1.40mi
32 Adams St NW Washington, DC	5.0	4.5	3088	$8,000	$2.59	26d	1	1.43mi
2404 N Capitol St NW Unit A Washington, DC	3.0	3.0	3554	$5,300	$1.49	17d	1	1.45mi
2404 N Capitol St NW Unit B Washington, DC	3.0	3.0	3554	$5,600	$1.58	17d	1	1.45mi
2519 N Capitol St NE Washington, DC	5.0	4.0	2750	$4,625	$1.68	13d	1	1.48mi
2519 N Capitol St NE Washington, DC	5.0	3.5	2750	$5,350	$1.95	17d	1	1.48mi
1319 Massachusetts Ave SE Washington, DC	3.0	3.0	2578	$6,000	$2.33	26d	1	1.49mi

Listing history 25 events

1. 2026-06-22
   days on market $800,000 Active 8 DOM
2. 2026-06-21
   days on market $800,000 Active 7 DOM
3. 2026-06-18
   days on market $800,000 Active 4 DOM
4. 2026-06-17
   days on market $800,000 Active 3 DOM
5. 2026-06-16
   days on market $800,000 Active 2 DOM
6. 2026-06-02
   statusdays on market $800,000 Active 1 DOM
7. 2026-06-01
   days on market $800,000 Coming Soon 14 DOM
8. 2026-05-31
   days on market $800,000 Coming Soon 13 DOM
9. 2026-05-18
   historical $800,000
10. 2024-06-17
    historical
11. 2024-05-31
    listed $1,000,000 Active
12. 2024-05-24
    historical
13. 2024-05-16
    historical
14. 2024-05-14
    historical
15. 2017-01-30
    historical Temporarily Off-Market
16. 2017-01-30
    historical
17. 2017-01-27
    listed Active
18. 2017-01-26
    listed $599,000
19. 2004-12-10
    soldstatus $185,000
20. 2004-08-11
    historical
21. 2004-08-06
    listed $175,000
22. 2004-07-02
    soldstatus $137,259
23. 2001-04-12
    soldstatus $118,445
24. 1999-06-30
    soldstatus $1,140,000
25. 1999-01-05
    soldstatus $1,580,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast DC · Partial reset (capped growth)

• Current annual tax: $7,766 · $647/mo
• Projected year-2 tax: $7,766 · $647/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 18% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $103,716
• − Mortgage interest: −$44,812
• − Property taxes: −$7,766
• − Insurance: −$4,000
• − Repairs & maintenance: −$8,297
• − Management: −$8,297
• − Depreciation: −$23,273
• Taxable income: $7,270
• Est. tax owed @ 24.0%: −$1,745
• After-tax cash flow: $18,081/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: District Of Columbia Public Schools
• NCES district ID: 1100030
• Math proficiency: 33% ▲ 3.00%
• Reading proficiency: 40% ▲ 5.00%
• Median HH income: $67,671
• Composite: 35.84/100
• National rank: #9606
• State rank: #8 of 32 in DC

Livability — Washington

• Score: 73/100
• State rank: #1
• US rank: #5327

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing C Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Washington, DC
• County: District of Columbia · 671,873 people
• City population: 671,873
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 72,397
• Household income: $120,337
• Rent vs Own: 61.7% rent · 38.3% own
• Severe rent burden: 3854.0

Population outlook (District of Columbia County) Hauer SSP2

• Today (2025): 821,926 people
• By 2030: 899,517 · +9.4%
• By 2040: 1,061,162 · +29.1%
• By 2050: 1,231,493 · +49.8%
• By 2075: 1,603,312 · +95.1%
• By 2100: 1,847,141 · +124.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 41% Black 40% Two or more races 9% Hispanic / Latino 9% Asian 3%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Romanian 3% Lithuanian 2% Italian 2%
• Foreign-born: 9% · Canada, China, South Korea
• Languages at home: 87% English-only · Spanish 5% French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · District of Columbia

• 2024 margin: Solid D (+86.1) · D 91.2% · R 5.1% · Other 3.8%
• 2008→2024 swing: +0.1pp no change · 2008: 85.9pp · 2024: 86.1pp
• All cycles: 2024: D+86.1 2020: D+86.8 2016: D+88.7 2012: D+84.2 2008: D+85.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -852.61%
• Current HPI: 396.6033
• Rent YoY: ▼ -3.04%
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• State GDP YoY: ▲ 1.33%
• F500 in state: 6

Industry mix (Fortune 500 HQ in DC)

Industry	F500 HQs	Revenue
▸Financial Services	1	$153B
▸Life Sciences / Industrials	1	$25B
▸Industrial Machinery	1	$8B

Price history

-49.4% since first listed

17 events — show timeline

• 2026-05-18 Coming Soon $800,000 BRIGHT MLS
• 2024-06-17 Listing Removed — BRIGHT MLS
• 2024-05-31 Listed $1,000,000 BRIGHT MLS
• 2024-05-24 Coming Soon — BRIGHT MLS
• 2024-05-16 Listing Removed — BRIGHT MLS
• 2024-05-14 Coming Soon — BRIGHT MLS
• 2017-01-30 Listing Removed — BRIGHT MLS
• 2017-01-30 Delisted — MRIS
• 2017-01-27 Listed — MRIS
• 2017-01-26 Listed $599,000 BRIGHT MLS
• 2004-12-10 Sold (MLS) $185,000 MRIS
• 2004-08-11 Delisted — MRIS
• 2004-08-06 Listed $175,000 MRIS
• 2004-07-02 Sold (Public Records) $137,259 Public Records
• 2001-04-12 Sold (Public Records) $118,445 Public Records
• 1999-06-30 Sold (Public Records) $1,140,000 Public Records
• 1999-01-05 Sold (Public Records) $1,580,000 Public Records

Property tax history

+4.2%/yr

Latest (2025): $7,766 · +2.3% YoY. Source: county tax records.