737 MORTON STREET

Listing details

This property is PERFECT for investors, house hackers, or condo buyers looking to offset their mortgage: - Generates $70,800/year in rental income - Only $11K in owner expenses/year - Nearly 6.9% cap rate - much higher than the average cap rate in DC - Seller plans to lease in approximately one week Tucked in the heart of one of DC's most walkable neighborhoods, this two-unit property offers the best of both worlds: a vibrant, amenity-rich location steps from Georgia Avenue dining, nightlife, and Metro, with the kind of flexible layout that works for owner-occupants and investors alike. The top-floor unit spans the full level with an open-concept layout, bamboo and hardwood floors, granite countertops, stainless steel appliances, a large kitchen island, two bedrooms, two full baths, and in-unit laundry. Under DC housing code, the top-floor unit has the potential to expand vertically with a second-story addition — an uncommon opportunity to significantly increase square footage and long-term value. Natural light pours through generous windows, and two gated off-street parking spaces add everyday convenience that's hard to come by in this neighborhood. The lower-level unit mirrors the quality with two bedrooms and one-and-a-half baths — also freshly renovated and move-in ready. With both units vacant, you set the rents, choose your tenants, and start building income on your own terms from day one. Both units have demonstrated consistent rental demand driven by the location and layouts. Well-suited for buyers using NACA or DC Open Doors financing programs.

Location