# 623 5TH Street NE, Washington, DC 20002 > **TL;DR:** single family, $2,900,000 ($371/sqft), built 1912, 7,825 sqft. Est. $15,510/mo. Listed 72 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,900,000 | | Price/sqft | $371 | | Square Feet | 7,825 | | Year Built | 1912 | | Lot Size | 3,550 sqft (0.08 acres) | | Stories | 4 | | Property Type | Single Family (Other) | | Status | Active | | Days on Market | 72 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $14,664 | | Estimated Insurance | $846 | | **Total** | **$15,510** | ## Nearby Schools - **Elementary:** LUDLOW-TAYLOR - **Middle:** STUART-HOBSON - **High:** EASTERN ## Property Highlights - Built in 1912 - 0.08 acre lot - 4 stories - 1 parking spaces ## Description ### Agent Description Investor Alert! Rare opportunity to acquire a seven-unit apartment building in the heart of Capitol Hill, offering strong in-place income, low operating expenses, and compelling value-add potential. With a Net Operating Income of $195,650 and an approximately 7% cap rate, this well-maintained property presents an attractive investment opportunity in one of the city's most desirable and well-connected locations. Investors can benefit from immediate cash flow while retaining clear opportunities for future rent optimization and long-term growth. Every residence is fully equipped with an in-unit washer and dryer for added tenant convenience. The property offers a desirable mix of floor plans, including a detached two-level, approximately 1,500-square-foot carriage house that adds unique flexibility and additional upside to the portfolio. Private outdoor space is another standout feature, with every residence offering at least one private outdoor area and most featuring two private balconies-a highly sought-after amenity in an urban market. The property also includes one private driveway parking space, an added convenience in this prime Capitol Hill setting. Unit Breakdown: Unit 1: 2 bedrooms, 2 bathrooms, 2 private balconies, in-unit washer/dryer Unit 2: 2 bedrooms, 2 bathrooms, 2 private balconies, in-unit washer/dryer Unit 3: 2 bedrooms, 2 bathrooms, 2 private balconies, in-unit washer/dryer Unit 4: 2 bedrooms, 2 bathrooms, 1 private balcony, in-unit washer/dryer Unit 5: 1 bedroom, 1 bathroom, in-unit washer/dryer Unit 6: 1 bedroom, 1 bathroom, private covered porch, in-unit washer/dryer Unit 7 (Carriage House): 2 bedrooms, 2.5 bathrooms, two levels, private balcony, in-unit washer/dryer Ideally located minutes from Union Station, Metro, the H Street Corridor, Eastern Market, and the U.S. Capitol, the property provides convenient access to dining, shopping, parks, employment centers, and major transportation routes. The combination of a strong approximately 7% cap rate, impressive NOI, in-unit laundry, private outdoor living spaces, driveway parking, and a premier Capitol Hill location makes this an exceptional turn-key asset with compelling long-term investment potential. Photos may be virtually staged. ## Location - **Address:** 623 5TH Street NE, Washington, DC 20002 - **County:** WASHINGTON - **Neighborhood:** OLD CITY #1 - **Coordinates:** 38.89803, -76.99924 - **Google Maps:** https://www.google.com/maps?q=38.89803,-76.99924 ## Virtual Tour & Media - **Video Tour:** https://canva.link/mttuvxa1byf4cv4 ## Listing Agent - **Name:** Greg S Schwartz · **License:** SP98369303 - **Brokerage:** Keller Williams Realty - **Broker Phone:** (703) 679-1700 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/623-5th-St-NE_Washington_DC_20002_M97594-35805?f=listhub&s=TRENDPA&m=DCDC2275936&c=propsimple) ## Photos ![623 5TH Street NE - Photo 1](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f3912980157r.jpg) ![623 5TH Street NE - Photo 2](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f82135246r.jpg) ![623 5TH Street NE - Photo 3](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f485527771r.jpg) ![623 5TH Street NE - Photo 4](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f977732951r.jpg) ![623 5TH Street NE - Photo 5](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f3643602547r.jpg) ![623 5TH Street NE - Photo 6](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f4053532875r.jpg) ![623 5TH Street NE - Photo 7](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f775207253r.jpg) ![623 5TH Street NE - Photo 8](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f4209439672r.jpg) ![623 5TH Street NE - Photo 9](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f556714294r.jpg) ![623 5TH Street NE - Photo 10](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f3417244485r.jpg) ![623 5TH Street NE - Photo 11](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f3321338446r.jpg) ![623 5TH Street NE - Photo 12](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f3537841404r.jpg) ![623 5TH Street NE - Photo 13](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f3636887307r.jpg) ![623 5TH Street NE - Photo 14](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f2035617532r.jpg) ![623 5TH Street NE - Photo 15](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f2113051633r.jpg) ![623 5TH Street NE - Photo 16](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f3258571430r.jpg) ![623 5TH Street NE - Photo 17](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f602609765r.jpg) ![623 5TH Street NE - Photo 18](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f1053184232r.jpg) ![623 5TH Street NE - Photo 19](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f3360491022r.jpg) ![623 5TH Street NE - Photo 20](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f3046361868r.jpg) ![623 5TH Street NE - Photo 21](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f4270901807r.jpg) ![623 5TH Street NE - Photo 22](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f1510408323r.jpg) ![623 5TH Street NE - Photo 23](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f4051911716r.jpg) ![623 5TH Street NE - Photo 24](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f3489339953r.jpg) ![623 5TH Street NE - Photo 25](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f3999920925r.jpg) ![623 5TH Street NE - Photo 26](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f2434916872r.jpg) ![623 5TH Street NE - Photo 27](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f2385081907r.jpg) ![623 5TH Street NE - Photo 28](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f3877319055r.jpg) ![623 5TH Street NE - Photo 29](http://lh.rdcpix.com/a7d516333ce8990034fa50b9fea29081l-f967159674r.jpg) --- **MLS#:** DCDC2275936 | **Updated:** 2026-10-20 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/623-5th-street-ne-washington-dc-20002-7d14fd5b934441cfb87cf66856cea31b) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/623-5th-street-ne-washington-dc-20002-7d14fd5b934441cfb87cf66856cea31b#listing", "url": "https://www.propertysimple.ai/listing/623-5th-street-ne-washington-dc-20002-7d14fd5b934441cfb87cf66856cea31b", "name": "623 5TH Street NE, Washington, DC 20002", "description": "Investor Alert! Rare opportunity to acquire a seven-unit apartment building in the heart of Capitol Hill, offering strong in-place income, low operating expenses, and compelling value-add potential. With a Net Operating Income of $195,650 and an approximately 7% cap rate, this well-maintained property presents an attractive investment opportunity in one of the city's most desirable and well-connected locations. Investors can benefit from immediate cash flow while retaining clear opportunities for future rent optimization and long-term growth. Every residence is fully equipped with an in-unit washer and dryer for added tenant convenience. The property offers a desirable mix of floor plans, including a detached two-level, approximately 1,500-square-foot carriage house that adds unique flexibility and additional upside to the portfolio. Private outdoor space is another standout feature, with every residence offering at least one private outdoor area and most featuring two private balconies-a highly sought-after amenity in an urban market. The property also includes one private driveway parking space, an added convenience in this prime Capitol Hill setting. Unit Breakdown: Unit 1: 2 bedrooms, 2 bathrooms, 2 private balconies, in-unit washer/dryer Unit 2: 2 bedrooms, 2 bathrooms, 2 private balconies, in-unit washer/dryer Unit 3: 2 bedrooms, 2 bathrooms, 2 private balconies, in-unit washer/dryer Unit 4: 2 bedrooms, 2 bathrooms, 1 private balcony, in-unit washer/dryer Unit 5: 1 bedroom, 1 bathroom, in-unit washer/dryer Unit 6: 1 bedroom, 1 bathroom, private covered porch, in-unit washer/dryer Unit 7 (Carriage House): 2 bedrooms, 2.5 bathrooms, two levels, private balcony, in-unit washer/dryer Ideally located minutes from Union Station, Metro, the H Street Corridor, Eastern Market, and the U.S. Capitol, the property provides convenient access to dining, shopping, parks, employment centers, and major transportation routes. The combination of a strong approximately 7% cap rate, impressive NOI, in-unit laundry, private outdoor living spaces, driveway parking, and a premier Capitol Hill location makes this an exceptional turn-key asset with compelling long-term investment potential. 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