968 Mount Olivet Rd Ne, Washington, DC 20002
- $575,000
- 1,680
- SqFt
- Sold Price
- $575,000
- List Price
- $629,999
- Status
- CLOSED
- Days on Market
- 238
- Closing Date
- Jan 20, 2026
- MLS#
- DCDC2174540
- Subtype
- Multi-Family
- Style
- Other
- Year Built
- 1951
- Living Area
- 1,680
- Lot Size
- 1,352
- Acres
- 0.03
- Subdivision
- Ivy City
Property Description
968 Mount Olivet Rd NE presents a prime value-add opportunity in the heart of Ivy City, one of D.C.’s most rapidly evolving neighborhoods. This three-unit multifamily property offers three one-bedroom units totaling approximately 1,352 rentable square feet on a 0.03-acre parcel (Property Class Code 023). Strategically located just minutes from Union Market, NoMa-Gallaudet, and Union Station, the property provides excellent access to public transportation and major commuter routes. With the Washington Commanders returning to a new stadium just 2.6 miles away, the surrounding area is poised for a surge in economic activity, infrastructure investment, and long-term appreciation, further enhancing the upside of this investment. In a submarket with a median household income of $107,000 and a vacancy rate of just 3.33%, 968 Mount Olivet offers strong rental demand with the potential for increased cash flow through targeted improvements. Ideal for investors looking to renovate and capture growth in a thriving, centrally located corridor of Washington, D.C.
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Additional Information
- Interior Features
- Window Treatments, Other
- Exterior Features
- Fire Escape
- Taxes
- $898
- Property Description
- Other
- Zoning
- R4
- Appliances
- Gas Range, Refrigerator
- Heating
- Radiator(s)
- Air Conditioning
- None
- Roof
- Metal
- School District
- District Of Columbia Public Schools
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Listing courtesy of Compass. Contact:
Selling Office: Compass.