1927 15th St Nw, Washington, DC 20009
Local realty services provided by:CENTURY 21 New Millennium
Upcoming open houses
- Sun, Mar 0802:00 pm - 04:00 pm
Listed by: clarence pineda
Office: compass
MLS#:DCDC2248610
Source:BRIGHTMLS
Price summary
- Price:$1,850,000
- Price per sq. ft.:$615.64
About this home
1927 15th St NW presents a rare opportunity to acquire a three-unit, rent-control-exempt property in the heart of the U Street/14th Street corridor—one of Washington, DC’s most consistently demanded rental submarkets.
This thoughtfully updated building offers immediate in-place income with clear lease-up upside. Apartments 1 and G are secured under lease through July 31, 2026 and May 31, 2027 respectively, generating $5,775 per month ($69,300 annually) in documented rental income. The upper-level one-bedroom residence (Apt 2) is currently vacant, creating immediate optionality for an investor to increase total revenue or for an owner-occupant to move in while offsetting expenses below.
A projected market rent of approximately $2,500 per month for the upper unit (including parking) positions the property near $99,300 in potential annual gross income once fully leased.
Each unit is separately metered for electricity and includes in-unit washer/dryer, enhancing operational efficiency and tenant appeal. A current Certificate of Occupancy (issued July 2024) and rent-control exemption provide additional flexibility for long-term rent strategy.
Since 2020, the property has benefited from significant capital improvements, including full brick façade repointing with gable reconstruction, slate roof stabilization, updated HVAC systems (Apts 1 & G), modernized kitchens and finishes, enhanced lighting, and exterior stair upgrades—reducing near-term capital expenditure risk.
Two secured off-street parking spaces with protected garage access add tangible rental value and competitive advantage in this highly walkable, amenity-rich location.
For investors, this is a stabilized asset with income in place, staggered lease expirations, and immediate upside. For owner-occupants, it offers the opportunity to live in the vibrant U Street corridor while building equity through rental income.
1927 15th St NW delivers flexibility, stability, and growth potential in one of DC’s most resilient urban neighborhoods.
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Home facts
- Year built:1908
- Listing ID #:DCDC2248610
- Added:1 day(s) ago
- Updated:March 04, 2026 at 02:39 PM
Rooms and interior
- Bedrooms:5
- Kitchen Description:Dishwasher, Disposal, Oven/Range - Gas, Refrigerator
- Living area:3,005 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Electric, Heat Pump(s)
Structure and exterior
- Year built:1908
- Building area:3,005 sq. ft.
- Lot area:0.04 Acres
- Architectural Style:Traditional
- Construction Materials:Brick
- Foundation Description:Brick/Mortar
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,850,000
- Price per sq. ft.:$615.64
- Tax amount:$11,839 (2025)
Features and amenities
- Amenities:Security Gate
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