623 5TH STREET NE
Washington, DC 20002
Price Upon Request
Investor Alert! Rare opportunity to acquire a seven-unit apartment building in the heart of Capitol Hill, offering strong in-place income, low operating expenses, and compelling value-add potential. With a Net Operating Income of $195,650 and an approximately 7% cap rate, this well-maintained property presents an attractive investment opportunity in one of the city’s most desirable and well-connected locations. Investors can benefit from immediate cash flow while retaining clear opportunities for future rent optimization and long-term growth.
Every residence is fully equipped with an in-unit washer and dryer for added tenant convenience. The property offers a desirable mix of floor plans, including a detached two-level, approximately 1,500-square-foot carriage house that adds unique flexibility and additional upside to the portfolio.
Private outdoor space is another standout feature, with every residence offering at least one private outdoor area and most featuring two private balconies—a highly sought-after amenity in an urban market. The property also includes one private driveway parking space, an added convenience in this prime Capitol Hill setting.
Unit Breakdown:
Unit 1: 2 bedrooms, 2 bathrooms, 2 private balconies, in-unit washer/dryer
Unit 2: 2 bedrooms, 2 bathrooms, 2 private balconies, in-unit washer/dryer
Unit 3: 2 bedrooms, 2 bathrooms, 2 private balconies, in-unit washer/dryer
Unit 4: 2 bedrooms, 2 bathrooms, 1 private balcony, in-unit washer/dryer
Unit 5: 1 bedroom, 1 bathroom, in-unit washer/dryer
Unit 6: 1 bedroom, 1 bathroom, private covered porch, in-unit washer/dryer
Unit 7 (Carriage House): 2 bedrooms, 2.5 bathrooms, two levels, private balcony, in-unit washer/dryer
Ideally located minutes from Union Station, ...
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Listing Courtesy of: Keller Williams Realty
202-915-6472
| Listing Id: | DCDC2275946 |
|---|---|
| Property Type: | Multi-Family |
| Property Sub Type: | Other |
| Status: | Active |
| Living Area: | 7,825 |
| Tax Annual Amount: | $15,540 |
| Lot Size Square Feet: | 3,552.0 |
| Lot Size Acres: | 0.08 |
| Architectural Style: | Colonial |
| Waterfront?: | No |
| City: | Washington |
| Counties Or Regions: | Washington |
| Subdivision Name: | Old City #1 |
| Postal Code: | 20002 |
| Year Built: | 1912 |
| Number Of Units Total: | 4 |
| Listing Agreement: | Exclusive Right |
| Frequency: | Annually |
| Client Application Edited Yn: | Yes |
| Mls List Date: | 2026-08-19 |
| Expected On Market Date: | 2026-08-19 |
| State Or Province: | DC |
| Postal Code Plus4: | 5245 |
| Legal Subdivision: | Old City 1 |
| Possession: | Settlement |
| Directions: | via 6th St NE: Head toward 6th St NE, turn right onto 6th St NE, turn left onto F St NE, turn right onto 5th St NE, destination will be on the right |
| Elementary School: | LUDLOW-TAYLOR |
| Elementary School Source: | Listing Agent |
| High School: | EASTERN |
| High School Source: | Listing Agent |
| Middle Or Junior School: | STUART-HOBSON |
| Middle School Source: | Listing Agent |
| School District Sources: | Listing Agent |
| School District Key: | 121140357950 |
| Above Grade Finished Area: | 7,825 |
| Above Grade Finished Area Units: | Square Feet |
| Below Grade Finished Area Source: | Assessor |
| Below Grade Finished Area Units: | Square Feet |
| Cooling: | Other |
| Construction Materials: | Brick |
| Foundation Details: | Other |
| Accessibility Features: | None |
| Heating: | Other |
| Heating?: | Yes |
| Above Grade Finished Area Source: | Estimated |
| Living Area Source: | Estimated |
| Other Structures: | Above Grade, Below Grade |
| Parking Total: | 1 |
| Year Built Source: | Assessor |
| Basement Yn: | No |
| Below Grade Unfinished Area Source: | Assessor |
| Below Grade Unfinished Area Units: | Square Feet |
| Cooling Fuel: | Other |
| Heating Fuel: | Natural Gas |
| Hot Water: | Other |
| Other Units: | Unit 1, Unit 1 |
| Type: | Other |
| Type Of Parking: | On Street, Driveway |
| Total Garage And Parking Spaces: | 1 |
| Source Of Measure Bg: | Assessor |
| Area Total: | 7,825 |
| Source Of Measure: | Estimated |
| Assessment Year: | 2026 |
| In City Limits Yn: | Yes |
| City Town Tax: | $15,540.00 |
| City Tax Frequency: | Annually |
| County Tax Frequency: | Annually |
| Land Use Code: | 0 |
| Tax Assessment Amount: | $2,146,980.00 |
| Tax Year: | 2026 |
| Zoning: | R4 |
| Listing Tax: | 0834//0800 |
| Ownership: | Fee Simple |
| Special Listing Conditions: | Standard |
| Lot Size Source: | Assessor |
| Lot Size Units: | Square Feet |
| Pool Types: | No Pool |
| Soil Types: | Unknown |
| Sewer: | Public Sewer |
| Water Source: | Public |
| School District NameSchool District: | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
| Short Sales: | No |
| Num Driveway Spaces: | 1 |
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Property Last Updated: October 27, 2026 02:45 AM - ET
