Washington, DC 20001,55 P ST NW
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Washington, DC 20001,55 P ST NW
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$ 692,500
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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

Investor's Dream – Prime Development Opportunity in Truxton Circle!

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


Bright MLS (BMLS)
Listed by WAI LUN L LEUNG • Century 21 Redwood Realty
agent

Yony Kifle

CEO | Team Lead | License ID: 0225200798

+1(202) 597-1064

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55 P ST NW