2139 NEWPORT PLACE NW
Washington, DC 20037
$1,200,000
PRICE JUST REDUCED. 2139 Newport Place NW is a four-unit apartment building located less than a six-minute walk from George Washington University and Dupont Circle. The Property consists of four one-bedroom apartments of similar layout, two of which are vacant, providing in-place income while offering additional upside through the lease-up of the vacant units and future value-add opportunities. Rent Control Exemption Potential: Ownership of a residential property containing four or fewer units may qualify for an exemption from the District's Rent Control regulations. This allows owners to renovate apartments and lease them at prevailing market rents without the restrictions applicable to larger multifamily assets, enhancing long-term revenue potential. Attractive Unit Features/Self-Contained Units: Each apartment is equipped with central air conditioning, in-unit washer and dryer, dishwasher, and separately metered all-electric service. The two ground level units have outdoor patios in the rear of the building. Tenants are responsible for their individual electric usage, leaving ownership responsible only for water service and contributing to an efficient, low-maintenance operating expense structure. TOPA Exempt: The District of Columbia's RENTAL Amendment Act of 2025, effective January 2026, exempts most four-unit residential properties from the Tenant Opportunity to Purchase Act (TOPA).
Listing Courtesy of: Horvath & Tremblay MD, LLC
202-534-3003
| Listing Id: | DCDC2274446 |
|---|---|
| List Price: | $1,250,000 |
| Close Price: | $1,200,000 |
| Close Date: | 2026-10-14 |
| Property Type: | Multi-Family |
| Property Sub Type: | Quadruplex |
| Status: | Closed |
| Living Area: | 2,300 |
| Tax Annual Amount: | $11,956 |
| Lot Size Square Feet: | 1,307.0 |
| Lot Size Acres: | 0.03 |
| Architectural Style: | Other |
| Waterfront?: | No |
| City: | Washington |
| Counties Or Regions: | Washington |
| Postal Code: | 20037 |
| Year Built: | 1900 |
| Number Of Units Total: | 4 |
| Listing Agreement: | Exclusive Agency |
| Frequency: | Annually |
| One Bedroom Units: | 4 |
| Mls List Date: | 2026-07-21 |
| State Or Province: | DC |
| Postal Code Plus4: | 3040 |
| Legal Subdivision: | Central |
| Buyer Financing: | Standard Sale |
| Possession: | Settlement |
| Directions: | From 16th Street NW, turn onto Newport Place NW; the property is located mid-block on the north side of the street. |
| School District Sources: | Listing Agent |
| School District Key: | 121140357950 |
| Above Grade Finished Area: | 2,300 |
| Above Grade Finished Area Units: | Square Feet |
| Cooling: | Central A/C |
| Construction Materials: | Brick |
| Foundation Details: | Other |
| Accessibility Features: | None |
| Heating: | Forced Air |
| Heating?: | Yes |
| Above Grade Finished Area Source: | Estimated |
| Living Area Source: | Estimated |
| Other Structures: | Above Grade |
| Year Built Source: | Estimated |
| Basement Yn: | No |
| Cooling Fuel: | Electric |
| Heating Fuel: | Electric |
| Hot Water: | Multi-tank |
| Other Units: | Unit 1, Unit 1, Unit 1, Unit 1 |
| Type: | Interior Row/Townhouse |
| Central Air Yn: | Yes |
| Type Of Parking: | On Street |
| Area Total: | 2,300 |
| Source Of Measure: | Estimated |
| Assessment Year: | 2026 |
| In City Limits Yn: | Yes |
| City Town Tax: | $11,956.18 |
| City Tax Frequency: | Annually |
| Tax Assessment Amount: | $1,406,610.00 |
| Tax Year: | 2026 |
| Zoning: | RA-2/DC |
| Listing Tax: | 0069//0184 |
| Ownership: | Fee Simple |
| Special Listing Conditions: | Standard |
| Lot Size Source: | Estimated |
| Lot Size Units: | Square Feet |
| Number Of Units Leased: | 2 |
| Pool Types: | No Pool |
| Soil Types: | Urban Land Not Rated |
| Sewer: | Public Sewer |
| Water Source: | Public |
| Lease Types: | Yearly |
| Number Of Units Vacant: | 2 |
| Price Per Square Foot: | $543.48 |
| School District NameSchool District: | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
| Short Sales: | No |
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Property Last Updated: October 27, 2026 12:18 AM - ET
