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Joseph Martin

Menkiti Group

jmart561@pm.me +1(561) 716-5970

Listed by Ari Firoozabadi • Greysteel Company LLC

$ 1,600,000

Est. payment -/mo

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4512 MACARTHUR BLVD NW Washington, DC 20007

3,080 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 3,080 sqft

Price per Sqft $519

MLS Listing ID DCDC2268170

Style Other

Abv Grd Liv Area 3,080

Year Built 1937

Annual Tax Amount $11,879

Tax Year 2025

Lot Size 6,066 Sqft

Acres 0.14

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

FULLY VACANT 4-UNIT APARTMENT BUILDING: Palisades quad-plex apartment building, comprised of two 2BDR/1BA units and two 1BDR+Den/1BA units with approximately 3,848 square feet of gross living area across two stories and a semi-finished basement. Delivering 100% vacant, the Property is therefore EXEMPT FROM TOPA AND RENT CONTROL and creates immediate flexibility for both investors and owner-occupants—a buyer could occupy one unit while generating income from the others, or capture market rents on all four units from day one with no below-market leases to inherit. The Property has historically generated strong rental demand and full occupancy from young professionals, graduate students, and others connected with nearby Georgetown and George Washington Universities, multiple hospitals, as well as northern Virginia.

SIGNIFICANT IMPROVEMENTS COMPLETED: One owner has meticulously maintained the building for decades and completed meaningful improvements including: a new roof (2022), upgraded windows, granite and quartz countertops, dishwashers/modernized appliances, and a recently installed off-street parking pad. SEPERATELY METERED for gas and electricity across all four units, each served by its own new Weil-McLain boiler, allowing ownership to pass virtually all utility costs other than water/sewer through to tenants.

OFF-STREET PARKING & CURB CUT: 4512 is the only building on this block of MacArthur Boulevard with a curb cut and off-street parking, a rare amenity and an essential component for any future condominium or redevelopment play.

LARGE LOT & DEVELOPMENT POTENTIAL: The Property is situated on a very large 6,066 square foot lot zoned RA-1, which presents the opportunity whether now or in the future to expand the gross square footage of the building, add units, or pursue a condominium conversion, subject to approvals—all within one of the District's MOST DESIREABLE ZIP CODE, where the median home sells for roughly $1.35 million and the Property falls within the in-demand Key Elementary School district.

Location

State DC

County Washington

Zoning RA-1

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Water Access N

Accessibility None

Total Parking Spaces 2

Garage N

Building

Foundation Other

Above Ground Finished SqFt 3080

Sewer Public Septic, Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 1356//0859

Ownership Fee Simple

SqFt Source 3080

Special Listing Condition Standard