Own a beautifully renovated DC property where your tenant helps pay your mortgage. This exceptional multi-family residence offers a rare opportunity to live in one fully updated apartment while renting the other — dramatically reducing your monthly housing costs and, in many cases, making ownership far more affordable than renting a comparable home in the neighborhood. Instead of paying rent to a landlord, you can build equity while generating steady income from the second unit.
The building features two thoughtfully updated apartments with a total of four light-filled bedrooms and two well-appointed bathrooms across approximately 1,800 square feet of flexible living space. Both kitchens have just been fully renovated with stylish new cabinetry, stone/granite countertops, and modern finishes, creating turnkey spaces that are equally appealing to homeowners and tenants alike. The generous layouts provide comfortable, functional living environments with well-proportioned bedrooms and inviting common areas.
For investors, the property also offers strong dual-rental potential in a high-demand location. For owner-occupants, it delivers the ideal blend of lifestyle and smart financial strategy — enjoy the privacy of your own home while significantly offsetting your expenses with rental income next door.
Located near two Metro stations, the property provides convenient access to downtown and beyond, along with neighborhood favorites like Big Bear Cafe and a vibrant local dining scene. The strong location enhances both quality of life and long-term rental appeal.
The spacious backyard, while not currently optimized, offers future potential for private parking similar to neighboring properties — adding yet another avenue for value enhancement.
This is a compelling opportunity to own a renovated, income-producing property in the heart of Washington, DC — combining immediate livability with long-term financial upside.
Listed by Jennifer K Knoll
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License #SP98362400
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Compass
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2024412301
Last updated March 13, 2026
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Source: BrightMLS #DCDC2235864
Listing Facts
TypeSingle-family
NeighborhoodTruxton Circle
Bedrooms4
Bathrooms2
Days on Prevu61
Taxes$6,817/year
Size1,772 sqft
Price per sqft$480
Location
Mortgage Calculator
Listing History
03/13/2026
Price Decreased
$850,000
02/26/2026
Status changed to Active
$900,000
01/29/2026
Status changed to Removed from Feed
$900,000
01/14/2026
Listed by Compass
$900,000
Property Details for 122 Bates Street NW
Association
Amenities
Pets Allowed: No Pet Restrictions
Exterior
Construction
New Construction: No
Property Condition: Very Good
Year Built: 1914
Architectural Style: Federal
Construction Materials: Brick
Exterior Features: Fire Escape, Exterior Lighting, Gutter System, Play Area
How many bedrooms and bathrooms does this single-family home have?
There are 4 bedrooms and 2 bathrooms in this single-family home at 122 Bates Street NW.
What are the annual taxes for 122 Bates Street NW?
Annual taxes for this single-family home are estimated at $6,817.
How does 122 Bates Street NW compare to other single-family homes in Truxton Circle?
This single-family home is listed 14% below the average price for single-family homes in Truxton Circle and has been on the market for 8 more days than the typical home in this area.
What is the square footage on this single-family home?
According to the MLS, this listing is 1,772 sqft.
122 Bates Street NW is a 4-bedroom, 2-bath single-family home for sale in WASHINGTON DC 20001. Listed on Prevu for 61 days at $850,000. This includes a recent price decrease of $50,000. This property features 1,772 square feet of living space, located in Truxton Circle. The median listing price for single-family homes in this area is $786,950. Browse more single-family home listings in Washington.
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