515 Constitution Ne, WASHINGTON, DC 20002
Local realty services provided by:O'BRIEN REALTY ERA POWERED



515 Constitution Ne,WASHINGTON, DC 20002
$1,150,000
- 3 Beds
- - Baths
- 2,919 sq. ft.
- Multi-family
- Active
Listed by:philip e guire
Office:compass
MLS#:DCDC2146612
Source:BRIGHTMLS
Price summary
- Price:$1,150,000
- Price per sq. ft.:$393.97
About this home
Rare opportunity to purchase a FULLY-TENANTED, pretty bayfront Victorian 4 unit property in PRIMO location steps to Stanton Park, Union Station Metro, Eastern Market, US Capitol Complex and everything the Hill has to offer. Walk Score of 92, Bike Score of 97.
All 4 units offer tall ceilings, beautiful original mantels and tilework on decorative fireplaces, nice original doors and trim throughout, including the main hallway staircase banister and spindles. The upper 3 units have pretty pine floors, their living areas at front get good light from large bay windows, their updated kitchens have a single run of upper and lower cabinets w/formica countertops, bathrooms are updated and each includes a linen closet. The upper 2 units have quite large screened-in porches providing 3-season additional space to relax and unwind. On the main level unit that porch space has been enclosed w/windows and incorporated into the unit as an un-conditioned sun room, along w/private stairs to backyard.
The spacious-feeling lower level studio unit is carpeted, has 8’ tall ceilings, a large walk-in closet, an updated bathroom, newer L-shaped open kitchen w/formica countertops, and direct access to the spacious shared fully-fenced backyard patio where tenants enjoy relaxing and entertaining, sheltered by a large tree. There is a gate for pedestrian access to the alley, making it easy for bikes/strollers.
Well-maintained building: screened-in rear porches were recently re-built and re-supported; brickwork was repointed on sides and at rear; the main hallway was recently repainted and re-carpeted; and the newish metal roof was recoated in the past 5 years. There is a single boiler for heat to the building, a single 75 gallon water heater for the building. These systems are located in a separate space on lower level, accessed from outside the building through pedestrian gate to alley. Each unit has 1 window unit A/C that conveys w/sale. Each unit has its own electric meter and electricity is paid individually by each unit. Gas is paid by owner.
The 3 1BR/1BA units on upper floors are each month to month w/longterm tenants, the lower level studio is also month-to-month. Subject to rent control, the 2023 annual rent was $72,223 and the 2024 monthly rent roll totals $6502 ($78,024 per year). TOPA notice will be given. This property has had VERY little turnover, 3 are long-term tenants. PROPERTY CONVEYS WITH TENANTS IN PLACE. Property offers possibilities for investor looking to take over a FULLY-TENANTED 4-unit property, or for a savvy owner-occupier who might wish to occupy one or more units for themselves and continue renting out the others. All prospective buyers are advised to run numbers w/a financial advisor knowledgeable about DC TOPA regarding 4 unit buildings, and see how this may work financially BEFORE attempting to see the property. To avoid unnecessarily inconveniencing tenants, seller is requiring proof of funds or lenders letter before scheduling all showings. Shown strictly by appointment during business hours, w/minimum 24 business hour advance notice. Initial showings are likely to be for just one of the 4 occupied units, arrangements to view other units would be made w/submission of an offer to purchase the property. TENANTS CONVEY WITH THE SALE OF THE PROPERTY. Note that sf figures are not to be used for valuation purposes. Thank you for reading this completely.
Contact an agent
Home facts
- Year built:1907
- Listing Id #:DCDC2146612
- Added:425 day(s) ago
- Updated:August 18, 2025 at 02:34 PM
Rooms and interior
- Bedrooms:3
- Living area:2,919 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Hot Water, Natural Gas
Structure and exterior
- Roof:Metal
- Year built:1907
- Building area:2,919 sq. ft.
- Lot area:0.03 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,150,000
- Price per sq. ft.:$393.97
- Tax amount:$13,516 (2024)
New listings near 515 Constitution Ne
- Open Tue, 12 to 1:30pmNew$3,795,000Active5 beds 7 baths6,175 sq. ft.
5244 Watson St Nw, WASHINGTON, DC 20016
MLS# DCDC2215976Listed by: TTR SOTHEBY'S INTERNATIONAL REALTY - New$799,900Active-- beds 1 baths749 sq. ft.
328 Kentucky Ave Se, WASHINGTON, DC 20003
MLS# DCDC2215982Listed by: RLAH @PROPERTIES - New$499,900Active3 beds 3 baths1,151 sq. ft.
1049 Michigan Ave Ne #1049, WASHINGTON, DC 20017
MLS# DCDC2215952Listed by: THE VELOCITY GROUP, LLC. - Coming Soon$535,000Coming Soon2 beds 2 baths
650 Wharf St Sw #x31, WASHINGTON, DC 20024
MLS# DCDC2215940Listed by: KELLER WILLIAMS CAPITAL PROPERTIES - New$129,900Active1 beds 1 baths445 sq. ft.
2642 Birney Place, Se Birney Pl Se #101, WASHINGTON, DC 20020
MLS# DCDC2215924Listed by: THE KRIEGSFELD CORPORATION - New$1,050Active1 beds 1 baths525 sq. ft.
2642 Birney Place, Se #101, WASHINGTON, DC 20020
MLS# DCDC2215926Listed by: THE KRIEGSFELD CORPORATION - Coming Soon$4,645,000Coming Soon6 beds 7 baths
5631 Macarthur Blvd Nw, WASHINGTON, DC 20016
MLS# DCDC2215732Listed by: SAMSON PROPERTIES - Coming Soon$329,000Coming Soon1 beds 1 baths
1420 N St Nw #615, WASHINGTON, DC 20005
MLS# DCDC2215900Listed by: CUMMINGS & CO. REALTORS - New$75,000Active1 beds 1 baths700 sq. ft.
1311 Delaware Ave Sw #s540, WASHINGTON, DC 20024
MLS# DCDC2215786Listed by: COLDWELL BANKER REALTY - WASHINGTON - New$419,000Active2 beds 2 baths1,176 sq. ft.
2344 Hunter Pl Se, WASHINGTON, DC 20020
MLS# DCDC2215710Listed by: RE/MAX ALLEGIANCE