623 5th St Ne, Washington, DC 20002

Investor Alert! Rare opportunity to acquire a seven-unit apartment building in the heart of Capitol Hill, offering strong in-place income, low operating expenses, and compelling value-add potential. With a Net Operating Income of $195,650, this well-maintained property provides immediate cash flow alongside clear opportunities for future rent optimization. Every residence in the building comes fully equipped with an in-unit washer and dryer for tenant convenience. The property features a desirable mix of layout options, including a detached two-level, 1,500-square-foot carriage house that adds unique flexibility and upside to the portfolio. Private outdoor space is another standout feature, with every residence offering at least one private outdoor area and most featuring two private balconies—a highly sought-after amenity in a urban market. Unit Breakdown: Unit 1: 2 bedrooms, 2 bathrooms, 2 private balconies, in-unit washer/dryer Unit 2: 2 bedrooms, 2 bathrooms, 2 private...