1322 Downing Pl Ne, Washington, DC 20018
Local realty services provided by:CENTURY 21 Dale Realty Co.
1322 Downing Pl Ne,Washington, DC 20018
$629,000
- 4 Beds
- - Baths
- 2,600 sq. ft.
- Multi-family
- Active
Listed by: abel m gebremichael
Office: real broker, llc.
MLS#:DCDC2284044
Source:BRIGHTMLS
Price summary
- Price:$629,000
- Price per sq. ft.:$241.92
About this home
ATTRACTIVE SELLER FINANCING AVAILABLE. Negotiable terms offered for qualified buyers. Inquire with the listing agent for details and terms.
1322 DOWNING PL NE: 4-UNIT ASSET WITH VALUE-ADD & OWNER-OCCUPANT UPSIDE. Solid brick 4-unit building situated in an established Northeast D.C. corridor, featuring three occupied units providing immediate rental income and one vacant unit ready for owner-occupancy or market lease-up.
Offered at exceptional price, the property presents a direct physical value-add opportunity to build equity over time through systematic interior renovations and finish updates. Purchasing this 4-unit building as a qualifying individual owner-occupant provides the legal pathway to file for the Small Landlord Exemption from D.C. rent control stabilization regulations with the Rental Accommodations Division (RAD).
An owner-occupant can utilize incoming rents from the three occupied units to directly offset monthly mortgage debt service while incrementally executing property improvements. This strategy allows the owner to reposition the building and capture significant long-term equity appreciation as local market fundamentals continue to recover and strengthen.
DISCLAIMER: buyer's broker are responsible for performing all due diligence to verify existing lease terms, Certificate of Occupancy status, Basic Business License requirements, and RAD rent control exemption filing criteria....
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Home facts
- Year built:1943
- Listing ID #:DCDC2284044
- Added:46 day(s) ago
- Updated:November 03, 2026 at 04:17 PM
Rooms and interior
- Bedrooms:4
- Flooring:Carpet
- Basement:Yes
- Living area:2,600 sq. ft.
Heating and cooling
- Heating:Natural Gas, Radiator
Structure and exterior
- Year built:1943
- Building area:2,600 sq. ft.
- Lot area:0.08 Acres
- Architectural Style:A-Frame
- Construction Materials:Brick
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$629,000
- Price per sq. ft.:$241.92
- Tax amount:$6,395 (2026)
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