About 968 Mount Olivet Rd Ne
968 Mount Olivet Rd NE presents a prime value-add opportunity in the heart of Ivy City, one of D.C.’s most rapidly evolving neighborhoods. This three-unit multifamily property offers three one-bedroom units totaling approximately 1,352 rentable square feet on a 0.03-acre parcel (Property Class Code 023). Strategically located just minutes from Union Market, NoMa-Gallaudet, and Union Station, the property provides excellent access to public transportation and major commuter routes. With the Washington Commanders returning to a new stadium just 2.6 miles away, the surrounding area is poised for a surge in economic activity, infrastructure investment, and long-term appreciation, further enhancing the upside of this investment. In a submarket with a median household income of $107,000 and a vacancy rate of just 3.33%, 968 Mount Olivet offers strong rental demand with the potential for increased cash flow through targeted improvements. Ideal for investors looking to renovate and capture growth in a thriving, centrally located corridor of Washington, D.C.
Features of 968 Mount Olivet Rd Ne
| MLS® # | DCDC2174540 |
|---|---|
| Price | $629,999 |
| Bathrooms | 0.00 |
| Square Footage | 1,680 |
| Acres | 0.03 |
| Year Built | 1951 |
| Type | Multi-Family |
| Sub-Type | Other, Triplex |
| Style | Other |
| Status | Active Under Contract |
Community Information
| Address | 968 Mount Olivet Rd Ne |
|---|---|
| Subdivision | IVY CITY |
| City | WASHINGTON |
| County | WASHINGTON-DC |
| State | DC |
| Zip Code | 20002 |
| Senior Community | N |
Amenities
| Amenities | Shades/Blinds |
|---|---|
| Parking Type | Off Street |
| Is Waterfront | No |
| Pool Type | No Pool |
Interior
| Appliances | Oven/Range-Gas, Refrigerator |
|---|---|
| Heating | Radiator |
| Cooling | None |
| Fireplace | No |
| Has Basement | No |
| Central Air | N |
Exterior
| Exterior | Brick and Siding |
|---|---|
| Exterior Features | Fire Escape |
| Style | Other |
| Lot Description | Other |
| Windows | Casement, Storm |
| Roof | Metal |
| New Construction | N |
School Information
| District | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | February 11th, 2025 |
|---|---|
| Days on Market | 238 |
| Zoning | R4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Compass |
|---|---|
| Contact Info | (410) 886-7342 |