337 Delafield Place, WASHINGTON, District of Columbia image 1
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MLS: #DCDC2269674, Listed By: SERIF SOYDAN, EXP Realty, LLC, Source:Bright MLS

337 Delafield Place

WASHINGTON, DC 20011
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$1,495,000 $6,302/Mo
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Bed 8

Bed

Bath 0

Bath

SqFt4,113

Sqft

Acres0.08

Acre(Lot)

INVESTOR ALERT! Rare opportunity to acquire a well-maintained 5-unit multifamily property in the highly desirable Petworth/Northwest Washington, DC neighborhood featuring an assumable FHA loan at just 2.875%—an exceptional financing opportunity that is extremely difficult to find in today's market. Qualified buyers may be eligible to assume the existing loan, creating substantial savings compared to today's financing rates and enhancing overall investment returns. The main level is handicap accessible and was previously utilized as a medical facility, providing additional flexibility for future use (subject to applicable approvals). There is also potential to convert the property into a 6-unit building, offering an opportunity to further increase income and value. Located just off New Hampshire Avenue NW, the property is surrounded by shopping, restaurants, hospitals, Metro access, parks, and major commuter routes. Petworth continues to experience strong redevelopment, making it one of Northwest DC's most attractive neighborhoods for long-term appreciation and rental demand. Whether you're purchasing your first multifamily investment or expanding your portfolio, this property offers an outstanding combination of below-market financing, stable cash flow potential, and future upside. Recent improvements include fresh exterior paint, professional landscaping, and interior upgrades throughout all five income-producing units, minimizing near-term capital expenditures. Unit Mix & Estimated (Section 8 Rents) • 1 × 3-Bedroom Unit Estimated Rent: $3,850/month Total Monthly Income: $3,850 • 3 × 2-Bedroom Units Estimated Rent: $2,850/month each Total Monthly Income: $8,550 • 1 × 1-Bedroom Unit Estimated Rent: $1,900/month Total Monthly Income: $1,900 Total Potential Rental Income 5 Units — Approximately $14,300/month Estimated Annual Gross Income Approximately $171,600/year At the asking price of $1,495,000, the projected gross rental yield is approximately 11.5% before operating expenses. Investment Highlights: • Assumable FHA loan at an exceptional 2.875% interest rate. • Five income-producing units with potential to convert to 6 units (buyer to verify). • Handicap-accessible main level with prior medical office use. • Recently updated with exterior and interior improvements. • Strong Section 8/Housing Choice Voucher income potential. • High-demand rental location with low vacancy characteristics. • Developing neighborhood with continued investment and appreciation potential. • Excellent opportunity for both first-time and seasoned multifamily investors. Opportunities combining below-market assumable financing, immediate income potential, future value-add possibilities, and a prime Northwest DC location are exceptionally rare. Whether your strategy is cash flow, long-term appreciation, or both, this property offers a compelling investment opportunity in one of Washington, DC's most sought-after rental markets.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,495,000

AD Id : 88860895

MLS Id : DCDC2269674

Beds : 8

Lot Size : 0.08 Acre

Living Area Size : 4,113 Sq. Ft

Tax Amount : $11,316

Year Built : 1936

County : WASHINGTON

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 8

    Room Information

    Has Basement: Yes Basement: Partially Finished

  • Interior Features

    Appliances: Gas Water Heater

  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Radiant Has Cooling: Yes Cooling: Window Unit(s), Electric

  • Building Information

    Year Built: 1936 Building Area Total: 4113 Construction Materials: Brick Pool Features: None Private Pool: No

  • Lot Information

    Lot Size Acres: 0.08 Lot Size Source: Estimated Lot Size Square Feet: 3361

    Property Information

    Subdivision: PETWORTH Source Property Type: Residential Income Postal Code Plus 4: 4115 Property SubType: Quadruplex Property Age: 90

  • Listing Price Information

    Listing Price: $1495000

  • Tax Information

    Parcel Number: 3304//0080 Tax Year: 2025 Annual Tax: $11316

  • Parking Information

    Off Street

  • Location Information

    Direction: GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5414 3rd Street, Washington, DC, 20011 $849,900 4 -- 2,870 0.08 Acre
822 Madison Street, Washington, DC, 20011 $1,125,000 4 -- 3,344 0.04 Acre

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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 10/07/2026 @ 22:22

MLS: DCDC2269674 LISTED BY: SERIF SOYDAN, EXP Realty, LLC 833-335-7433 SOURCE: Bright MLS

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