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About This Home

This 0-bedroom, 0-bathroom residential multi family at 1518 ISHERWOOD Street NE in Washington, DC is listed for $975,000 ($343 per sqft). Built in 1931, the home offers 2,841 sqft of living space on a 0.05 acres lot.

Agent Description

Exceptional investment opportunity in the heart of Washington, DC! This renovated four-unit brick multifamily property is turnkey and income-producing from day one. Featuring four spacious apartments, all currently occupied, the building is ideal for investors seeking strong cash flow, owner-occupants looking to offset mortgage costs, or developers pursuing long-term appreciation in a rapidly transforming neighborhood.

The property combines classic character with practical upgrades, including a timeless brick exterior and reinforced foundation engineered for future vertical expansion-offering significant value-add potential. A fenced outdoor space provides an added amenity for tenants, enhancing both livability and rental appeal.

Offering approximately 2,841 square feet of finished living space on a 2,310-square-foot lot, this asset delivers flexibility, functionality, and future growth opportunities. All four units are occupied by satisfied tenants, providing immediate and stable rental income.

Positioned less than one mile from the future new RFK Stadium redevelopment, this property is strategically located in an area poised for continued investment and appreciation. Residents enjoy convenient access to public transportation, shopping, dining, entertainment, and major commuter routes.

Whether you are expanding your portfolio, house-hacking, or securing a long-term development opportunity, this is a rare chance to own a high-performing multifamily property in one of Washington, DC's most resilient and evolving rental markets. Don't miss this opportunity to acquire a cash-flowing asset with immediate income and substantial future upside!

Key Features

  • Built in 1931
  • 0.05 acre lot

Property Details

1931

Monthly Cost Estimate

$5,215/mo

20% down · 6.5% · 30 years

Principal$705
Interest$4,225
Insurance$284

Estimates only. Actual payments may vary.

Location

1518 ISHERWOOD Street NE

Washington, DC 20002

Property Details

Construction

Brick

Parking

On Street

Heating

Hot Water(Heating)

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 1518 ISHERWOOD Street NE is listed at $975,000 ($343/sqft). The estimated monthly payment is $4,225 based on 20% down at 6.5% interest.

Key features include: Built in 1931, 0.05 acre lot.

This property is listed by Elizabeth Jane Martin and can be reached at 7039265777 or agents@locallivingteam.com.

EM

Elizabeth Jane Martin

Agent at Berkshire Hathaway HomeServices PenFed Realty

(703) 926-5777

Listed by Berkshire Hathaway HomeServices PenFed Realty · View on Broker Site

MLS# DCDC2258564· Source: listhub· Updated 25 days ago

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1518 ISHERWOOD Street NE, Washington, DC 20002

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