1833 SWANN ST NW new to site Save Request In-Person Tour Request Virtual Tour
Washington,DC 20009
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,671 sqft
Price per Sqft $634
MLS Listing ID DCDC2166964
Originating Board BRIGHT
Year Built 1941
Annual Tax Amount $17,254
Tax Year 2025
Lot Size 3,420 Sqft
Acres 0.08
Property Description
1833 Swann Street NW is a recently gut-renovated 100% vacant 9-unit multifamily building located in the heart of Dupont Circle. The 5,671-square-foot turnkey building is comprised of a unit mix of one (1) one-bedroom unit and eight (8) two-bedroom units.
Turnkey Asset: Each of the building’s nine units are all-electric and feature central A/C, stainless steel appliances, quartz countertops in the kitchens, LED lighting, LVT flooring, in-unit washer and dryers, and individual water heaters. The building itself features a new Yale Wireless Entry System, a Wi-Fi connected security system, a new TPO roof, refurbished windows, and new carpeting in the common areas. The turnkey nature of the asset will limit any upfront costs that a buyer will have to occur allowing them to spend their time focusing on curating a lease-up process to their liking.
Coveted Blue Chip Location: 1833 Swann is located in Dupont Circle, an amenity-rich neighborhood with public transportation (Dupont Circle Metro Station), retail, restaurants, cafes, parks, gyms, and grocery stores all within walking distance.
Strong Rental Submarket & Flexibility in Investment Strategy: Renovated one-bedroom and two-bedroom units in the Dupont Circle neighborhood of Northwest DC can achieve well into the $5’s per square foot in rent. On a rent figure basis, one-bedrooms that range in size from 450-550 square feet have been proven to be able to achieve $2,500+ per month and two-bedrooms that range in size from 600-700 square feet have been proven to be able to achieve $3,100+ per month. The fact that the building is vacant and renovated also presents flexibility for multiple rental models such as furnished rentals, student housing, subsidized housing (HCVP), market-rate, or even housing dedicated towards satisfying an organization’s needs to host specific clientele.
100% Vacant - Not Subject to TOPA: The building’s nine units are unoccupied, which means the sale will not be subject to the Tenant Opportunity to Purchase Act (TOPA). This makes transaction timelines more predictable, and a buyer can have the confidence in the opportunity to close on the property without uncertain timelines or impediments.
Location
State DC
County Washington
Zoning RA-2/DC
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 0132//0828
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard