Active

MLS: #DCDC2248610, Listed By: Clarence Pineda, Compass, Source:Bright MLS

1927 15th Street

WASHINGTON, DC 20009

$1,775,000 $7,483/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

3,105

Sqft

0.04

Acre(Lot)

Description

1927 15th St NW presents a fully leased, income-producing three-unit asset in the heart of the U Street/14th Street corridor—one of Washington, DC’s most dynamic and consistently high-demand rental submarkets. With all three units now stabilized, the property generates $9,249 per month ($110,988 annually) in gross rental income, offering immediate cash flow with no lease-up risk. The asset features a highly desirable unit mix of two two-bedroom residences and one one-bedroom residence, each with in-unit washer/dryer and separately metered electricity, supporting operational efficiency and tenant appeal. Apt 2 (1BR/1BA) is leased through April 30, 2027 at $3,350/month (including parking). Apt 1 (2BR/1BA) is leased through July 31, 2026 at $3,475/month (including parking). Apt G (2BR/1BA) is leased through May 31, 2027 at $2,424/month. The staggered lease structure provides both income stability and future rent growth opportunities, allowing an investor to strategically adjust rents over time in alignment with market conditions. At the current asking price, the property presents an estimated cap rate ranging from the mid-4% to approximately 5.0%, depending on expense assumptions and management approach. The property benefits from a current Certificate of Occupancy (July 2024) and a valuable rent-control exemption, offering long-term flexibility for rental increases and asset management strategy—an increasingly important advantage in the DC market. Since 2020, the building has undergone meaningful capital improvements, including full brick façade repointing with gable reconstruction, slate roof stabilization, updated HVAC systems (Apts 1 & G), modernized kitchens and finishes, enhanced lighting, and exterior stair upgrades—significantly reducing near-term capital expenditure risk. Additional features include two secured off-street parking spaces with protected garage access, a premium amenity that enhances rental value and tenant retention in this highly walkable, transit-oriented location. Positioned within walking distance to Metro, restaurants, retail, and nightlife, the U Street corridor continues to demonstrate strong tenant demand, low vacancy, and long-term appreciation fundamentals. For investors seeking a stabilized, rent-control-exempt asset with immediate cash flow, minimal deferred maintenance, and durable long-term upside, 1927 15th St NW represents a compelling opportunity in one of DC’s most resilient urban rental markets.

Property Details

Property Type : Residential Income

Price : $1,775,000

AD Id : 75875578

MLS Id : DCDC2248610

Beds : 5

Lot Size : 0.04 Acre

Living Area Size : 3,105

Year Built : 1908

County : WASHINGTON

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Room Information

Has Basement: Yes Basement: Daylight, Partial
Interior Features

Open Floorplan Appliances: Electric Range, Electric Oven, Electric Water Heater, Dishwasher, Disposal, Dryer, Refrigerator, Washer
Heating & Cooling

Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes Cooling: Central Air, Electric

Building Information

Year Built: 1908 Building Area Total: 3105 Construction Materials: Brick Pool Features: None Private Pool: No

Lot Information

Lot Size Acres: 0.04 Lot Size Source: Assessor Lot Size Square Feet: 1739

Listing Price Information

Listing Price: $1775000

Tax Information

Parcel Number: 0205//0040 Tax Lot: 40 Tax Year: 2025 Annual Tax: $11839

Parking Information

Parking Total: 2 Off Street, Secured

Location Information

Direction: On 15th St between U St and T St NW WaterSource: Public Security Features: Security Gate

Sell a home like this and save $106,001 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
2514 13th Street, Washington, DC, 20009	$1,550,000	--	--	3,696	3,696 SqFt
1461 Chapin Street, Washington, DC, 20009	$2,995,000	9	--	5,306	5,306 SqFt

Similar Multifamily To 1927 15th Street

Nearby For Sale

$360,000

Multifamily For Sale

128 Kenilworth Avenue,
Washington, DC, 20019

Bed

Bath

Sqft

Acre(Lot)

3536 Minnesota Avenue,
Washington, DC, 20019

Bed

Sqft

Acre(Lot)

1633 West Virginia Avenue,
Washington, DC, 20002

Bed

Sqft

Acre(Lot)

249 Newcomb Street,
Washington, DC, 20032

Bed

Sqft

Acre(Lot)

5414 3rd Street,
Washington, DC, 20011

Bed

2,870

Sqft

0.08

Acre(Lot)

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 06/05/2026 @ 09:54

MLS: DCDC2248610 LISTED BY: Clarence Pineda, Compass 202-386-6330 SOURCE: Bright MLS