122 Bates St NW, Washington, DC 20001

Description

Own a beautifully renovated DC property where your tenant helps pay your mortgage. This exceptional multi-family residence offers a rare opportunity to live in one fully updated apartment while renting the other — dramatically reducing your monthly housing costs and, in many cases, making ownership far more affordable than renting a comparable home in the neighborhood. Instead of paying rent to a landlord, you can build equity while generating steady income from the second unit.

The building features two thoughtfully updated apartments with a total of four light-filled bedrooms and two well-appointed bathrooms across approximately 1,800 square feet of flexible living space. Both kitchens have just been fully renovated with stylish new cabinetry, stone/granite countertops, and modern finishes, creating turnkey spaces that are equally appealing to homeowners and tenants alike. The generous layouts provide comfortable, functional living environments with well-proportioned bedrooms and inviting common areas.

For investors, the property also offers strong dual-rental potential in a high-demand location. For owner-occupants, it delivers the ideal blend of lifestyle and smart financial strategy — enjoy the privacy of your own home while significantly offsetting your expenses with rental income next door.

Located near two Metro stations, the property provides convenient access to downtown and beyond, along with neighborhood favorites like Big Bear Cafe and a vibrant local dining scene. The strong location enhances both quality of life and long-term rental appeal.

The spacious backyard, while not currently optimized, offers future potential for private parking similar to neighboring properties — adding yet another avenue for value enhancement.

This is a compelling opportunity to own a renovated, income-producing property in the heart of Washington, DC — combining immediate livability with long-term financial upside.