A rare investment opportunity in the heart of one of the most sought-after neighborhoods in all of Washington, DC. Located on a gorgeous tree-lined street just steps to bustling 14th Street and U Street corridors, this offering comprises of two newly built attached properties that were developed as luxury condos in 20018. The current owner has operated both buildings as corporate and/or short term rentals. The buildings collectively are earning an Annual NOI (Net Operating Income) of $583,000. The Cap Rate is just over 12%. This assemblage is an ideal turn-key investment opportunity for a first-time or seasoned investor, and/or Landlord Occupant.
Presented By: Compass
Interior Features for 1311 R Street NW
Bedrooms
Bedrooms Count All Lower Levels2
Bedrooms Count All Upper Levels2
Bedrooms Count Lower Level 12
Bedrooms Count Upper Level 11
Bedrooms Count Upper Level 21
Main Level Bedrooms2
Total Bedrooms6
Bathrooms
Bathrooms Half Upper Level 11
Bathrooms Half Main Level1
Bathrooms Half All Upper Levels1
Bathrooms Full Upper Level 21
Bathrooms Full Upper Level 11
Bathrooms Full Lower Level 12
Bathrooms Full All Upper Levels2
Bathrooms Full All Lower Levels2
Bathrooms Count Upper Level 21.00
Bathrooms Count Upper Level 12.00
Bathrooms Count Lower Level 12.00
Bathrooms Count All Upper Levels3
Bathrooms Count All Lower Levels2
Half Baths2
Total Baths8
Other Interior Features
LivingAreaSourceAssessor
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT0
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area0
Above Grade Finished Area SourceAssessor
Above Grade Finished Area Unit TypeSquare Feet
BasementCombination
Basement (Y/N)Yes
Below Grade Finished Area
Below Grade Finished Area SourceAssessor
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
General for 1311 R Street NW
AccessibilityNone
Additional Parcels Y/NNo
Architectural StyleContemporary
Bathrooms Count Main Level3.00
Bathrooms Full Main Level2
CityWASHINGTON
Condo/Coop Association Y/NNo
Construction MaterialsCombination
Cool FuelElectric
CoolingCentral A/C
CountyWASHINGTON
DirectionsHeading North towards U St NW on 13th St NW, make a Left onto R St NW. Property will be in the Right.
Full Baths6
Garage Y/NNo
HOANo
HeatingForced Air
Historic Y/NNo
Home Warranty Y/NYes
Legal SubdivisionOld City 2
Levels4
Location TypeDowntown
Lot Size Square Feet1811.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-04-07T19:30:05
New ConstructionNo
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionSettlement
Property TypeResidential
School DistrictDISTRICT OF COLUMBIA PUBLIC SCHOOLS
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Structure TypeInterior Row/Townhouse
Subdivision NameLOGAN CIRCLE
Tax Annual Amount6660.0
Tax Assessed Value795080.0
Tax Lot135
Tax Year2022
Total SQFT0
TransportationMetro/Subway Station less than 1 mile, Airport less than 10 miles
Vacation Rental Y/NNo
ViewCity
Water Access Y/NNo
Waterfront Y/NNo
Year Built2018
Year Built SourceEstimated
ZoningRESIDENTIAL
Exterior for 1311 R Street NW
# of Attached Carport Spaces2
Foundation DetailsBlock, Slab
Horse Y/NNo
Land Assessed Value795080.00
Land Use Code
Lot Size Acres0.04
Lot Size SourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Soil TypesChillum-Urban Land Complex
Total Parking Spaces2
Type of ParkingAttached Carport, Parking Lot, Off Street, Alley
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