623 5th Street, WASHINGTON, District of Columbia image 1
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MLS: #DCDC2275936, Listed By: Greg Schwartz, Keller Williams Realty, Source:Bright MLS

623 5th Street

WASHINGTON, DC 20002
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$2,900,000 $12,226/Mo
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Bed --

Bed

Bath 0

Bath

SqFt7,825

Sqft

Acres0.08

Acre(Lot)

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 flexi bility 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, Metro, the H Street Corridor, Eastern Market, and the U.S. Capitol, the property provides convenient access to dining, shopping, parks, employment centers, and major transportation routes. The combination of a strong approximately 7% cap rate, impressive NOI, in-unit laundry, private outdoor living spaces, driveway parking, and a premier Capitol Hill location makes this an exceptional turn-key asset with compelling long-term investment potential. Photos may be virtually staged.

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Detail Ic Property Details

Property Type : Residential

Price : $2,900,000

AD Id : 88578576

MLS Id : DCDC2275936

Lot Size : 0.08 Acre

Living Area Size : 7,825 Sq. Ft

Tax Amount : $15,540

Year Built : 1912

County : WASHINGTON

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Other Has Cooling: Yes Cooling: Other

  • Building Information

    Year Built: 1912 Building Area Total: 7825 Construction Materials: Brick Pool Features: None Private Pool: No

  • Lot Information

    Lot Size Acres: 0.08 Lot Size Source: Assessor Lot Size Square Feet: 3552

    Property Information

    Subdivision: OLD CITY #1 Source Property Type: Residential Postal Code Plus 4: 5245 Levels: Three Or More Property Age: 114

  • Listing Price Information

    Listing Price: $2900000

  • Tax Information

    Parcel Number: 0834//0800 Tax Lot: 800 Tax Year: 2026 Annual Tax: $15540

  • Parking Information

    Parking Total: 1 On Street, Driveway

  • School Information

    Elementary School: LUDLOW-TAYLOR
    Junior High School: STUART-HOBSON
    Senior High School: EASTERN

  • Location Information

    Direction: 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 WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1834 Providence Street, Washington, DC, 20002 $499,900 2 3 1,320 0.05 Acre
251 8th Street, Washington, DC, 20002 $1,999,000 6 -- 3,226 0.01 Acre
2105 4th Street, Washington, DC, 20002 $899,900 4 4 2,286 0.06 Acre
2324 North Capitol Street, Washington, DC, 20002 $2,100,000 3 -- 3,960 --

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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 10/08/2026 @ 07:35

MLS: DCDC2275936 LISTED BY: Greg Schwartz, Keller Williams Realty 703-679-1700 SOURCE: Bright MLS

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