DC > Washington > Shaw
Washington, DC 20001,84 P ST NW
Washington, DC 20001,84 P ST NW
Washington, DC 20001,84 P ST NW
14
See all 14 photos
Listed by Lorenzo M Wooten Jr. • Marcus & Millichap Real Estate
$1,695,000
Est. payment /mo
Save
4,723 SqFt
Price Dropped by $105K

84 P ST NW Washington, DC 20001

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Thu
15
May
Fri
16
May
Sat
17
May
Tina Faleshock

Tina Faleshock

+1(717) 608-3044

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 4,723 sqft

Price per Sqft $358

Subdivision Shaw

MLS Listing ID DCDC2196744

Style Bi-level,Loft

Abv Grd Liv Area 4,723

Originating Board BRIGHT

Year Built 2019

Annual Tax Amount $1,962,590

Tax Year 2024

Lot Size 1,800 Sqft

Acres 0.04

Property Sub-Type Detached

Property Description

The Hermosa at 84 P Street NW, a newly constructed, rent control-exempt luxury duplex located in the thriving Truxton Circle neighborhood of Washington, D.C. Built in 2019, this gem features a total of 4,723 rentable square feet across two expansive 4-bedroom, 4.5-bathroom units. The building also features private balconies, patios, a rooftop deck and rear, gated, parking spaces.

Positioned on a 0.04-acre parcel and zoned RF-1, The Hermosa offers investors the rare opportunity to acquire a low-maintenance, stabilized asset delivering a Year 1 Cap Rate of 7.61%. This is achievable with rent increases of approximately 15%. Priced approximately 35% below market, on a price per square foot basis, this opportunity should be considered by both investors and owner-users.

The building is separately metered for electricity and features in-unit washer/dryers, water bill-back structured leases, and energy-efficient HVAC systems with no Capital Improvement needs in the near future.

Centrally located less than one mile from the NoMa and Shaw Metro stations and within close proximity to Logan Circle, U Street, and Bloomingdale, 84 P Street NW sits at the convergence of several of D.C.'s most vibrant and rapidly appreciating neighborhoods. The surrounding submarket benefits from a young professional tenant base, a growing restaurant and retail corridor, and excellent access to major employment centers.

With an average household income exceeding $110,000 and homeownership rates well below the national average, Washington, D.C. remains a top-performing rental market with resilient demand fundamentals. The Hermosa's strong in-place cash flow, modern design, and premier location make it a compelling opportunity for investors seeking stable returns and long-term appreciation in the heart of the nation's capital.

Location

State DC

County Washington

Zoning RF-1

Interior

Hot Water Multi-tank, 60+ Gallon Tank, Tankless

Heating Central

Cooling Central A/C, Programmable Thermostat

Heat Source Electric

Exterior

Garage Spaces 2.0

Utilities Available Electric Available, Water Available, Sewer Available

Water Access N

Accessibility 2+ Access Exits

Total Parking Spaces 2

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Bi-level, Loft

Additional Building Above Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 0616//0120

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing FHA, Conventional, Cash, Exchange, VA

Listing Terms FHA, Conventional, Cash, Exchange, VA

Financing FHA,Conventional,Cash,Exchange,VA

Special Listing Condition Standard

Bright MLS (BMLS)

GET MORE INFORMATION

agent

Tina Faleshock

Associate Broker | ABAB068845

+1(717) 608-3044

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Tina Faleshock, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

84 P ST NW

QUICK SEARCH
There are 25 quick searches