NE DC Investment Opportunity – Multi-Unit Potential + Instant Equity Buy low, renovate, and capture equity fast. This RF-1 rowhome is a rare opportunity to enter one of D.C.’s hottest neighborhoods, with flexible 3–4-bedroom space and multi-unit conversion potential (buyer to verify). Why This Property Wins High-margin equity play – create a single-family dream home or convert to 2–3 income-producing units Built-in value – front porch, rear deck, fenced yard, parking under the deck, and solar panels (2023) Off-street parking – a rare “DC Gold” feature that boosts resale and rental appeal Financing Made Easy Eligible for FHA 203(k), VA, and conventional renovation loans – roll acquisition + renovation into one simple mortgage. Short Sale Advantage The bank is ready to accept 95% of the list price. Appraisal done, no guesswork, fast closing possible. Location You Can’t Beat Minutes to Union Market, H Street Corridor, and National Arboretum. Close to Metro and bus lines, attracting steady demand from professionals. Bottom Line Step in at entry-level pricing, renovate, and build equity. Multi-unit potential + strategic location = a rare opportunity in NE DC. Don’t wait.
For sale
Price cut: $28.8K (6/26)
$508,000
1505 W Virginia Ave NE, Washington, DC 20002
4beds
1,949sqft
Townhouse
Built in 1927
1,742 Square Feet Lot
$503,700 Zestimate®
$261/sqft
$-- HOA
What's special
Off-street parkingFenced yardFront porchRear deckParking under the deck
- 170 days |
- 348 |
- 20 |
Zillow last checked:
Listing updated:
Listed by:
Ressie Wallace Wilson 202-359-9641,
RE/MAX Allegiance
Source: Bright MLS,MLS#: DCDC2240906
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Bedroom 1
- Level: Upper
Bedroom 1
- Level: Lower
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Upper
Bathroom 1
- Level: Upper
Bathroom 1
- Level: Lower
Heating
- Central, Forced Air, Natural Gas
Cooling
- Ceiling Fan(s), Central Air, Electric
Appliances
- Included: Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Refrigerator, Stainless Steel Appliance(s), Cooktop, Washer, Water Heater, Gas Water Heater
- Laundry: In Basement, Dryer In Unit, Washer In Unit
Features
- Ceiling Fan(s), Chair Railings, Crown Molding, Dining Area, Family Room Off Kitchen, Open Floorplan, Formal/Separate Dining Room, Kitchen - Galley, Wainscotting, Walk-In Closet(s), Dry Wall
- Windows: Double Hung
- Basement: Full,Heated,Improved,Interior Entry,Exterior Entry,Rear Entrance,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 1,949
- Total interior livable area: 1,949 sqft
- Finished area above ground: 1,380
- Finished area below ground: 569
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Enclosed, Paved, Driveway
- Uncovered spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Exterior features: Sidewalks, Street Lights
- Pool features: None
- Fencing: Partial,Back Yard,Wood
Lot
- Size: 1,742 Square Feet
- Features: Rear Yard, Urban, Urban Land-Cristiana-Sunnysider
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 4058//0072
- Zoning: RF-1
- Zoning description: A building or structure existing before May 12, 1958 in the RF-1 zone may be used for more than 2 dwelling units.
- Special conditions: Short Sale
Construction
Type & style
- Home type: Townhouse
- Architectural style: Colonial
- Property subtype: Townhouse
Materials
- Block, Brick
- Foundation: Block, Brick/Mortar
- Roof: Built-Up
Condition
- Below Average
- New construction: No
- Year built: 1927
- Major remodel year: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy generation: PV Solar Array(s) Owned
Community & HOA
Community
- Security: Security Gate
- Subdivision: Trinidad
HOA
- Has HOA: No
Location
- Region: Washington
Financial & listing details
- Price per square foot: $261/sqft
- Tax assessed value: $632,100
- Annual tax amount: $1,215
- Date on market: 1/12/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,FHA 203(k),Private Financing Available,Cash
- Inclusions: All Personal Property And Furniture
- Ownership: Fee Simple
Estimated market value
$503,700
$479,000 - $529,000
$4,081/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Price change | $508,000-5.4%$261/sqft |
Source:  Bright MLS #DCDC2240906 Report a problem | ||
| 4/11/2026 | Price change | $536,750-5%$275/sqft |
Source: Bright MLS #DCDC2240906 Report a problem | ||
| 1/12/2026 | Listed for sale | $565,000+1727.9%$290/sqft |
Source: Bright MLS #DCDC2240906 Report a problem | ||
| 1/19/2000 | Sold | $30,909$16/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,216 +1% | $634,430 -1.8% |
| 2024 | $1,204 +0.9% | $646,220 +2.6% |
| 2023 | $1,193 +0.1% | $629,980 +7.3% |
| 2022 | $1,191 +4.1% | $587,100 +6.2% |
| 2021 | $1,144 +4.7% | $552,570 +3.9% |
| 2020 | $1,092 +9.2% | $531,720 +24.4% |
| 2018 | $1,000 +9.6% | $427,360 +12.6% |
| 2017 | $913 +9.6% | $379,380 +8.6% |
| 2016 | $833 +9.8% | $349,250 +12.3% |
| 2015 | $758 +9.2% | $310,870 +33.1% |
| 2014 | $694 +7.2% | $233,550 +5.5% |
| 2013 | $647 -3% | $221,410 -1.4% |
| 2012 | $667 | $224,440 |
| 2011 | $667 -18.5% | $224,440 -13.7% |
| 2010 | $819 -23.8% | $260,100 -18.9% |
| 2009 | $1,074 -51.4% | $320,880 +27.6% |
| 2007 | $2,212 +45.1% | $251,400 +51.7% |
| 2006 | $1,524 +35.7% | $165,690 +41.6% |
| 2005 | $1,124 +8.9% | $117,050 +8.9% |
| 2004 | $1,032 -2.4% | $107,530 -2.4% |
| 2003 | $1,058 +15% | $110,180 +15% |
| 2002 | $920 -9% | $95,807 +9% |
| 2001 | $1,011 | $87,896 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Trinidad
Nearby schools
GreatSchools rating
- 4/10Wheatley Education CampusGrades: PK-8Distance: 0.3 mi
- 3/10Dunbar High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Wheatley Education Campus
- Middle: Wheatley Education Campus
- High: Eastern Senior
- District: District Of Columbia Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Washington, DC
- District of Columbia
- Washington
- 20002
- Trinidad
- 1505 W Virginia Ave NE
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