1013 Independence Ave SE, Washington, DC 20003

Description

WORLDBID AUCTION – May 5 noon
Starting bid is $405,000
ESTIMATED PROPERTY VALUE RANGE: $475,000 to $660,000
PRE AUCTION OFFERS DUE NOW THRU April 21st
AUCTION BIDS DUE PRIOR TO OR on May 5 th noon ET
PRE AUCTION OFFERS
• Title Company: Old Republic Title Company
• A Buyer may elect to submit a Pre Auction rather than participate in Auction bidding.
• Pre auction offers may be submitted on a standard GCAAR purchase contract.
Pre Auction offers may have any contingency a buyer requests.
• A Pre Auction offer must be submitted no later than April 21. The offer will state the buyer will
remove all contingencies no later than April 28 or close escrow by that date. If the Buyer
removes contingencies or closes escrow no later than April 28, the auction will be cancelled.
• The Pre Auction offer must state the offer includes the Buyer’s Premium of 4%.
• No exceptions to the date deadlines will be accepted.
• The buyer must provide a 10% deposit with their offer, proof of funds to close the purchase
and a lender approval letter (if applicable).
AUCTION DAY BIDDING
• Your Sealed bid must be submitted on the Premiere Estates Sealed Bid auction purchase
contract.
1. Qualifying round bids are due on may 5 Noon and must be emailed to Premiere Estates.
2. The top 50% bids (by price) of the qualifying round bids received, those bidders will be
notified by May 5 at 3:00PM , they are approved to submit their final bid.
3. The bidders, which have qualified to bid in the Final Bid round are due on May 6th noon ET
• Both the qualifying and final round bids must be provided on the Premiere Estates Sealed Bid
auction purchase contract.
• Escrow Shall close no later than June 6, 2026.
• Auction day bids are completely non contingent.

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Welcome to 1013 Independence Ave SE — a rare 2-unit investment opportunity on one of the most iconic corridors in Capitol Hill. Ideally located just minutes from Eastern Market and a short walk to the United States Capitol and the Library of Congress, this location delivers exceptional walkability, historic character, and long-term demand in one of DC’s most stable submarkets. Both units are occupied and will be conveyed with tenancy.

Rich with historic charm both inside and out, this classic interior row home is currently configured as a two-unit property, offering immediate income potential and strong long-term upside. The main unit spans the primary level and lower level and is arranged as a 3-bedroom, 1-bath residence, featuring a full kitchen in the basement along with both front and rear egress — providing excellent flexibility for layout optimization or enhanced rental strategy. The upper-level unit offers a 1-bedroom, 1-bath configuration with its own kitchen, creating a fully independent living space.

The units are separately metered, an attractive and practical feature for landlords seeking operational efficiency and streamlined tenant utility responsibility.

Offering approximately 1,584 square feet above grade and 2,016 total square feet on a .03-acre lot, the property is currently occupied and positioned for value creation. While updates are needed, strong surrounding comparable sales support compelling after-repair value, making this an exceptional value-add acquisition opportunity in the heart of Capitol Hill.

A rare chance to secure scale, flexibility, separate utilities, and prime location — all on prestigious Independence Avenue.