REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

Listed by Edward Giles • Georgetown Realty Group LLC

$399,000

Est. payment - /mo

1 Bed

2 Baths

Save

UPDATED:

Key Details

Property Type Condo

Sub Type Condo/Co-op

Listing Status Active

Purchase Type For Sale

Subdivision Palisades

MLS Listing ID DCDC2263026

Style Contemporary

Bedrooms 1

Full Baths 2

Condo Fees $588/mo

HOA Y/N N

Year Built 1955

Annual Tax Amount $60

Tax Year 2025

Property Sub-Type Condo/Co-op

Source BRIGHT

Property Description

INVESTOR OPPORTUNITY IN THE HEART OF PALISADES! Rare chance to acquire a spacious and flexible unit with exceptional upside potential in one of Washington, DC's most desirable neighborhoods. Existing tenant in place paying approximately $2,650/month, offering immediate income potential from day one.

INCREDIBLE FINANCING ADVANTAGE — potential loan assumption opportunity with an estimated interest rate around 3.1% for qualified buyers, or utilize DSCR financing for investor-focused acquisition strategies. Opportunities like this are becoming increasingly difficult to find in today's market.

This versatile residence offers approximately 970 square feet of living space with a large primary bedroom, multiple flex-use dens, two full bathrooms, generous closet space, and excellent natural light throughout. The flexible floorplan creates multiple possibilities for owner-occupants, investors, roommates, work-from-home professionals, or future value-add enhancements.

Updated features include granite countertops, stainless steel appliances, updated bathrooms, luxury vinyl plank flooring, and fresh paint throughout. Pet-friendly building with secure entry, elevator access, bike storage, laundry facilities, and shared outdoor space.

Located in the highly sought-after Palisades community — just minutes from Georgetown University, American University, downtown DC, major hospitals, parks, restaurants, coffee shops, Metrobus access, and commuter routes.

Strong location. Existing income. Attractive financing possibilities. Long-term appreciation potential.

Perfect for:
• Buy-and-hold investors
• First-time investors
• 1031 exchange buyers
• International investors
• House-hack strategies
• Parents purchasing for students or professionals
• Long-term wealth-building portfolios

Location

State DC

County Washington

Zoning MU-3A

Rooms

Main Level Bedrooms 1

Interior

Interior Features Breakfast Area, Other

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C

Flooring Wood

Equipment Built-In Microwave, Cooktop, Dishwasher, Disposal, Refrigerator, Oven/Range - Gas

Fireplace N

Appliance Built-In Microwave, Cooktop, Dishwasher, Disposal, Refrigerator, Oven/Range - Gas

Heat Source Natural Gas

Exterior

Utilities Available Natural Gas Available

Amenities Available Common Grounds, Extra Storage, Storage Bin

Water Access N

View Street, Scenic Vista, Other

Accessibility 32\"+ wide Doors, 36\"+ wide Halls, Kitchen Mod, No Stairs

Garage N

Building

Story 1

Unit Features Garden 1 - 4 Floors

Sewer Public Septic

Water Public

Architectural Style Contemporary

Level or Stories 1

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Key

Middle Schools Hardy

High Schools Jackson-Reed

School District District Of Columbia Public Schools

Others

Pets Allowed Y

HOA Fee Include All Ground Fee,Common Area Maintenance,Laundry,Lawn Care Side,Lawn Maintenance,Insurance

Senior Community No

Tax ID 1418//2040

Ownership Condominium

Acceptable Financing FHA, Conventional, Cash, Contract

Horse Property N

Listing Terms FHA, Conventional, Cash, Contract

Financing FHA,Conventional,Cash,Contract

Special Listing Condition Standard

Pets Allowed No Pet Restrictions

Read Less Info

Nearby Locations

"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

GET MORE INFORMATION

QUICK SEARCH

There are 30 quick searches

5112 MACARTHUR BLVD NW #P-1 Washington, DC 20016