1510 R Nw

Washington, District Of Columbia 20009

Exceptional Investment Opportunity This Washington, DC gem is a standout for investors seeking reliable returns in one of the city's most coveted neighborhoods. With a projected cap rate of up to 5.44%, the property has consistently generated rental income across two units, delivering predictable cash flow and long-term value appreciation. (EGI-Based Investment Proforma in MLS Documents) Centrally positioned between the lively Dupont Circle and Logan Circle neighborhoods, this home is just steps from an exciting mix of award-winning restaurants, boutique shopping, cultural attractions, and vibrant nightlife. The prime location ensures high tenant appeal, supporting strong rental demand and sustained occupancy. Commuters will appreciate the proximity to Washington, DC's metro system: Dupont Circle Metro (Red Line) is just a few blocks away, providing quick access to downtown and beyond, while Farragut North (Red Line) and Farragut West (Blue/Orange/Silver Lines) are also nearby, connecting residents across the city and the greater metro area. The upper two-level unit features 3 bedrooms and 2.5 baths, while the lower level offers a 1-bedroom, 1-bath apartment, both freshly painted in a soft gray perfect for any decor. Bright white trim (updated in 2025) highlights the beautiful crown molding that speaks to the home's charm. Sunlight streams through large windows, illuminating the oak hardwood floors throughout. Outdoor living options abound with a fenced back patio, deck, and balcony. Both units include front-loading washers and dryers, and additional modern updates further enhance comfort and functionality (see full upgrade list in MLS Documents). While utilities are not separately metered, the well-laid-out units maximize revenue potential and appeal to tenants. Whether expanding an existing portfolio or adding a new income-generating asset in a competitive DC market, this property represents a strategic investment with both immediate cash flow and long-term appreciation potential. Combining solid financial performance with a highly sought-after location, this property is a rare opportunity for investors who want both stability and growth in the dynamic Washington, DC real estate market. Note: Kitchen and bathroom renovations will increase the appeal of the rental units to tenants. Estimated Gross Income (EGI) projections assume modernization of kitchens and bathrooms.