1500 Columbia Rd Nw, Washington, DC 20009
Local realty services provided by:CENTURY 21 Reilly Realtors
1500 Columbia Rd Nw,Washington, DC 20009
$2,170,000
- 12 Beds
- - Baths
- 2,909 sq. ft.
- Multi-family
- Active
Listed by: lorenzo m wooten jr.
Office: marcus & millichap real estate
MLS#:DCDC2244846
Source:BRIGHTMLS
Price summary
- Price:$2,170,000
- Price per sq. ft.:$745.96
About this home
**New price adjustment on March 27th which also includes a 3.5% seller credit to the buyer**
Marcus & Millichap is pleased to exclusively present a fully renovated four-unit apartment buildings located at 1500 Columbia Road NW (4 -3BR/2 BA) in the highly desirable Columbia Heights / Shaw submarket of Northwest Washington, D.C. The offering represents a rare opportunity to acquire a renovated multifamily asset with strong in-place cash flow, multiple exit strategies, and long-term appreciation upside in one of the District’s most resilient rental markets. There is also an option to purchase 543 Florida Avenue NW (4-2BR/1 BA) in the same submarket.
The portfolio consists of eight total units across two separately metered buildings, offering buyers flexibility to acquire individually or as a combined investment. Both assets have undergone substantial renovations, including modernized interiors and upgraded building systems, reducing near-term capital expenditure risk and providing immediate operational stability.
From a financial standpoint, the properties deliver attractive going-in CAP rates ranging from approximately 6.99% to 7.39%, with NOI of approximately $271,000 combined, and strong Debt Coverage Ratios (1.30x–1.38x). Shaw Duo offers strong in-place income, and market-supported rent growth in a low vacancy submarket. A ProForma CAP rate of 8.81% for 1500 Columbia Road NW.
These four-unit buildings also present an exceptional opportunity for owner-occupants seeking to offset housing costs through rental income. FHA financing is available for qualified buyers, significantly expanding the buyer pool. In high-cost markets such as Washington, D.C., the 2026 FHA loan limit for a four-unit property is approximately $2.4 million, allowing buyers to acquire these assets with low down payment requirements while benefiting from market-rate rents.
With close proximity to Howard University, this opportunity is also well-suited for parents purchasing housing for a student while renting the remaining units to fellowstudents or young professionals. This strategy enables parents to convert housing expenses into a long-term investment, offset ownership costs through rental income, and retain a highly marketable asset upon graduation.
The unit layouts, neighborhood amenities, and transit access align well with student and early-career renter demand, making this a compelling alternative to traditional student housing or condominium ownership.
Columbia Heights remains one of Washington, D.C.’s most transit-oriented, and demographically diverse submarkets. Anchored by the Columbia Heights Metro Station (Green/Yellow Lines) and the 14th Street NW commercial corridor, the neighborhood benefits from exceptional walkability, dense retail amenities, and proximity to maj...
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Home facts
- Year built:1900
- Listing ID #:DCDC2244846
- Added:51 day(s) ago
- Updated:March 30, 2026 at 01:32 PM
Rooms and interior
- Bedrooms:12
- Kitchen Description:Dishwasher, Disposal, Exhaust Fan, Freezer, Icemaker, Microwave, Oven/Range - Gas, Range Hood, Refrigerator
- Basement:Yes
- Basement Description:Full
- Living area:2,909 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Hot Water, Natural Gas
Structure and exterior
- Year built:1900
- Building area:2,909 sq. ft.
- Lot area:0.04 Acres
- Lot Features:Corner
- Architectural Style:Victorian
- Construction Materials:Brick
- Exterior Features:Balconies- Multiple, Porch(es)
- Foundation Description:Concrete Perimeter
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,170,000
- Price per sq. ft.:$745.96
- Tax amount:$9,583 (2025)
Parking
- Parking description:On Street
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