1202 P St Nw, Washington, DC 20005
Local realty services provided by:CENTURY 21 Above and Beyond
1202 P St Nw,Washington, DC 20005
$2,200,000
- - Beds
- - Baths
- 4,279 sq. ft.
- Multi-family
- Pending
Listed by: ari firoozabadi
Office: greysteel company llc.
MLS#:DCDC2211704
Source:BRIGHTMLS
Price summary
- Price:$2,200,000
- Price per sq. ft.:$514.14
About this home
THE OPPORTUNITY
1202 P Street NW presents a rare opportunity to acquire a meticulously maintained, four-unit apartment building in Logan Circle, one of Washington, DC’s most vibrant and walkable neighborhoods. The building is fully leased and
generates strong in-place cash flow with upside potential through strategic rent increases or condo conversion. Each unit is approximately 950 SF, offering spacious layouts ideal for long-term tenants.
SIGNIFICANT CAPITAL IMPROVEMENTS
Current ownership has invested over $250,000 in renovations, including:
• New High-End Front Door
• Façade Repointing
• New Windows
• New Roof
• Interior Renovations in All Units
Systems upgrades include a new security system and replacement of all HVAC units. These improvements reduce future capex needs and support premium rents.
ATTRACTIVE FEATURES
The property includes two large 2BR/1BA units, one 1BR/1BA unit, and one garden-level 1BR/1BA unit, providing flexible leasing options for a range of tenant profiles. All units offer modern finishes, in-unit W/D, and efficient floor plans.
STRONG IN-PLACE CASH FLOW
The property generates annual gross rents of $142,248 ($11,854/month), with relatively low monthly expenses, representing a strong yield at acquisition. In-place rent averages $3.09/SF/month with room for increases based
on comps in the submarket.
PREMIUM LOGAN CIRCLE LOCATION
Located on a quiet residential block in Logan Circle, 1202 P Street NW is walkable to Whole Foods, 14th Street’s retail and restaurant corridor, and Metro. The area is among DC’s most desirable rental locations, offering stability, lifestyle amenities, and long-term value appreciation. High demand for boutique units in this submarket ensures continued low vacancy.
LOWER MONTHLY CARRY WITH FHA LEVERAGE
Buyers can utilize 95% FHA financing to significantly reduce cash-to-close and monthly debt service. With a 30-year fixed loan, monthly P&I can be as low as $12,600. This allows an owner-occupant to live in one unit with mortgage
payments reduced by rents....
Contact an agent
Home facts
- Year built:1890
- Listing ID #:DCDC2211704
- Added:327 day(s) ago
- Updated:June 14, 2026 at 07:39 AM
Rooms and interior
- Living area:4,279 sq. ft.
Heating and cooling
- Heating:Hot Water, Natural Gas
Structure and exterior
- Year built:1890
- Building area:4,279 sq. ft.
- Lot area:0.03 Acres
- Construction Materials:Brick
- Foundation Description:Brick/Mortar
Utilities
- Water:Public
Finances and disclosures
- Price:$2,200,000
- Price per sq. ft.:$514.14
- Tax amount:$14,452 (2024)
Parking
- Parking description:On Street
New listings near 1202 P St Nw
- New
$200,000Active-- beds 1 baths400 sq. ft.2141 I St Nw #806, WASHINGTON, DC 20037
MLS# DCDC2267826Listed by: LONG & FOSTER REAL ESTATE, INC. - Coming Soon
$2,595,000Coming Soon5 beds 5 baths3847 Macomb St Nw, WASHINGTON, DC 20016
MLS# DCDC2268058Listed by: WASHINGTON FINE PROPERTIES, LLC - Coming Soon
$450,000Coming Soon2 beds 2 baths513 Fern Pl Nw, WASHINGTON, DC 20012
MLS# DCDC2267276Listed by: BML PROPERTIES REALTY, LLC. - New
$1,200,000Active2 beds 3 baths2,897 sq. ft.3113 Birch St Nw, WASHINGTON, DC 20015
MLS# DCDC2240084Listed by: COMPASS - Open Sun, 2 to 4pmNew
$1,565,000Active3 beds 4 baths3,132 sq. ft.4425 P St Nw, WASHINGTON, DC 20007
MLS# DCDC2258066Listed by: COMPASS - New
$205,000Active2 beds 1 baths704 sq. ft.4810 Quarles St Ne #205, WASHINGTON, DC 20019
MLS# DCDC2261782Listed by: RLAH @PROPERTIES - Coming SoonOpen Sat, 12 to 2pm
$997,500Coming Soon5 beds 5 baths51 Q St Nw, WASHINGTON, DC 20001
MLS# DCDC2267128Listed by: FAIRFAX REALTY PREMIER - Coming Soon
$555,000Coming Soon2 beds 1 baths1312 13th St Nw #1, WASHINGTON, DC 20005
MLS# DCDC2267940Listed by: TTR SOTHEBY'S INTERNATIONAL REALTY - New
$325,000Active1 beds 1 baths364 sq. ft.1211-1211 G St Se #5, WASHINGTON, DC 20003
MLS# DCDC2268020Listed by: COMPASS - New
$145,000Active1 beds 1 baths581 sq. ft.3823 W St Se #201, WASHINGTON, DC 20020
MLS# DCDC2268030Listed by: COMPASS