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About This Home

This 4-bedroom, 2-bathroom townhouse at 1505 W VIRGINIA Avenue NE in WASHINGTON, DC is listed for $565,000 ($290 per sqft). Built in 1927, the home offers 1,949 sqft of living space on a 0.04 acres lot.

Agent Description

NE DC Investment Opportunity - Multi-Unit Potential + Instant Equity Buy low, renovate, and capture equity fast. This RF-1 rowhome is a rare opportunity to enter one of D.C.'s hottest neighborhoods, with flexible 3-4-bedroom space and multi-unit conversion potential (buyer to verify).

Why This Property Wins High-margin equity play - create a single-family dream home or convert to 2-3 income-producing units Built-in value - front porch, rear deck, fenced yard, parking under the deck, and solar panels (2023) Off-street parking - a rare "DC Gold" feature that boosts resale and rental appeal Financing Made Easy Eligible for FHA 203(k), VA, and conventional renovation loans - roll acquisition + renovation into one simple mortgage.

Short Sale Advantage The bank is ready to accept 95% of the list price. Appraisal done, no guesswork, fast closing possible. Location You Can't Beat Minutes to Union Market, H Street Corridor, and National Arboretum. Close to Metro and bus lines, attracting steady demand from professionals. Bottom Line Step in at entry-level pricing, renovate, and build equity. Multi-unit potential + strategic location = a rare opportunity in NE DC. Don't wait.

Key Features

  • Built in 1927
  • 0.04 acre lot
  • 3 stories
  • 2 parking spaces

Property Details

3 stories
2 full
2 spaces
1927

Amenities

SolarA/C

Monthly Cost Estimate

$3,022/mo

20% down · 6.5% · 30 years

Principal$409
Interest$2,448
Insurance$165

Estimates only. Actual payments may vary.

Location

1505 W VIRGINIA Avenue NE

WASHINGTON, DC 20002

TRINIDAD

Features & Amenities

Interior Features

Ceiling Fan(s)Chair RailingsCrown MoldingsDining AreaFamily Room Off KitchenFloor Plan - OpenFormal/Separate Dining RoomKitchen - GalleyWainscottingWalk-in Closet(s)

Property Details

Construction

Block Brick

Parking

DrivewayFenced

Heating

Forced AirCentral

Cooling

Ceiling Fan(s)Central Air

Appliances

Built-In MicrowaveDishwasherDisposalDryerExhaust FanRefrigeratorStainless Steel AppliancesStoveWasherWaterHeater

Questions & Answers

This 4-bedroom, 2-bathroom townhouse at 1505 W VIRGINIA Avenue NE is listed at $565,000 ($290/sqft). The estimated monthly payment is $2,448 based on 20% down at 6.5% interest.

Key features include: Built in 1927, 0.04 acre lot, 3 stories, 2 parking spaces. Interior Features: Ceiling Fan(s), Chair Railings, Crown Moldings.

This property is listed by Ressie R Wallace Wilson and can be reached at 2023599641 or info@ressiewilson.com.

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RW

Ressie R Wallace Wilson

Agent at RE/MAX Allegiance

(202) 359-9641

Listed by RE/MAX Allegiance

MLS# DCDC2240906· Source: listhub· Updated 88 days ago

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1505 W VIRGINIA Avenue NE, WASHINGTON, DC 20002

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