1721 W Virginia Ave NE, Washington, DC 20002

Description

100% Occupied | Approx. $68,760 Gross Annual Rental Income | Turnkey Investment Opportunity
Skip the lease-up, avoid vacancy concerns, and start generating income from day one. This fully leased three-unit multifamily property offers immediate cash flow, stable tenancy, and exceptional long-term investment potential in one of Northeast Washington, D.C.'s fastest-growing neighborhoods.
Located in the vibrant Trinidad community, 1721 West Virginia Ave NE features an ideal unit mix with all three apartments currently occupied, providing a proven income-producing asset for investors seeking a turnkey addition to their portfolio or a strong 1031 Exchange opportunity.
Current Rental Income:
• Unit 1: 1 Bedroom | 1 Bath – $1,500/month
• Unit 2: 1 Bedroom | 1 Bath – $1,650/month
• Unit 3: 2 Bedrooms | 2 Baths – $2,580/month
Annual Gross Rental Income: Approximately $68,760
Each residence offers thoughtfully updated interiors with modern kitchens and bathrooms, comfortable floor plans, and quality finishes designed to attract and retain tenants. Rear off-street parking provides an added convenience that is increasingly valuable in the District.
An additional investment advantage is that each tenant pays their own utilities, helping reduce owner operating expenses and improve overall investment performance.
Positioned just minutes from Union Market, the H Street Corridor, Ivy City, NoMa, Gallaudet University, Union Station, Capitol Hill, and downtown Washington, D.C., the property enjoys outstanding access to shopping, dining, entertainment, Metro, New York Avenue (US-50), and major commuter routes. Continued redevelopment and strong rental demand throughout the surrounding area make this an exceptional opportunity for both immediate cash flow and long-term appreciation.
Whether you're expanding your portfolio, completing a 1031 exchange, or acquiring your first multifamily investment, this well-maintained, fully occupied property offers the rare combination of stability, income, and future growth potential.
A performing asset from day one. The tenants are in place. The income is established. The opportunity is yours.