55 P ST NW Washington, DC 20001
3 Beds
3 Baths
1,272 SqFt
UPDATED:
03/14/2025 04:36 AM
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,272 sqft
Price per Sqft $544
Subdivision Truxton Circle
MLS Listing ID DCDC2172378
Style Colonial,Transitional
Bedrooms 3
Full Baths 3
HOA Y/N N
Abv Grd Liv Area 1,272
Originating Board BRIGHT
Year Built 1924
Annual Tax Amount $34,769
Tax Year 2024
Lot Size 1,600 Sqft
Acres 0.04
Property Sub-Type Interior Row/Townhouse
Property Description
Unlock the potential of this classic two-level rowhouse in the sought-after RF-1 zoned district, offering significant value-add potential in one of Washington, D.C.'s fastest-growing neighborhoods. Whether you're looking for a fix-and-flip project, a buy-and-hold rental investment, or an expansion opportunity, this property is brimming with possibilities.
Key Features:
3 Bedrooms | 1 Bath – A well-laid-out floor plan with ample space to reconfigure or modernize.
RF-1 Zoning – Potential for conversion into a multi-unit property, maximizing rental income or resale value.
Bright and Spacious Layout – Large windows fill the living spaces with natural light, highlighting the home's charm and historic character.
Separate Dining Room & Living Area – Ideal for redesigning into an open-concept space or keeping the classic structure.
Deep Backyard – Provides off-street parking potential or space for an addition/expansion.
Investor Advantages:
High Appreciation Area – Truxton Circle continues to see strong appreciation, fueled by its proximity to downtown D.C., Union Market, and major transit hubs.
Minutes to Union Station & the Capitol – Perfect for attracting high-income renters or professionals seeking prime access to D.C.'s core.
Strong Rental Demand – With D.C.'s robust rental market, a renovated version of this home could command premium rental rates.
Opportunity to Build Equity Quickly – Ideal for investors looking to renovate and resell, as surrounding renovated homes have sold for significantly higher prices.
Comparable Homes in the Area:
Recently renovated rowhouses with similar layouts have sold for over $900K, highlighting the profit potential for a well-executed renovation.
Rental properties in the area are leasing for $3,500+ per month, making this an attractive buy-and-hold opportunity.
With the right vision and updates, this property can be transformed into a high-value asset—whether you're planning a full-scale renovation for resale or creating a long-term rental investment.
🔹 Don't miss out on this lucrative opportunity! Schedule your showing today and bring your contractor or architect to explore the possibilities.
Location
State DC
County Washington
Zoning RES SINGLE FAMILY ROW
Rooms
Main Level Bedrooms 3
Interior
Hot Water Electric
Heating Hot Water
Cooling None
Fireplace N
Heat Source None
Exterior
Exterior Feature Balcony
Water Access N
View Other
Roof Type Shingle
Accessibility None
Porch Balcony
Garage N
Building
Story 2
Foundation Crawl Space
Sewer Public Sewer
Water Public
Architectural Style Colonial, Transitional
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction Y
Schools
High Schools Dunbar Senior
School District District Of Columbia Public Schools
Others
Pets Allowed Y
Senior Community No
Tax ID 0615//0163
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Bank Portfolio, VA
Horse Property N
Listing Terms Cash, Bank Portfolio, VA
Financing Cash,Bank Portfolio,VA
Special Listing Condition Standard
Pets Allowed Case by Case Basis
