Discover an incredible investment opportunity with this property offering significant potential. The existing home spans 5,000 sq ft and includes 5 bedrooms and 2 bathrooms. It is a blank canvas, needing a full rehab down to the studs. An added bonus is the garage, which has the potential to be converted into an Accessory Dwelling Unit (ADU).
The property sits on four plots totaling 14,300 sq ft, providing ample space for various development options.
Investment Opportunities:
Rehab & Convert: Rehab the current home and convert the garage into an ADU. Rehab quotes are estimated at $250,000, with an After Repair Value (ARV) of approximately $1.5 million.
New Construction: Alternatively, you can build 2-3 duplexes on the land, with each unit having a resale value of around $950,000. Legal and contractor consultations have already been completed, and an architect and contractor are ready to start the project.
This property offers a unique chance to maximize your return on investment through either rehabilitation or new construction. Don’t miss out on this exceptional opportunity!
Listed by Thomas S Hennerty
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NetRealtyNow.com, LLC
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7035818605
Last updated September 03, 2025
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Source: BrightMLS #DCDC2184608
Listing Facts
TypeSingle-family
NeighborhoodGateway
Bedrooms5
Bathrooms2
Days on Prevu211
Taxes$3,271/year
Size7,000 sqft
Price per sqft$82
Amenities
Parking
Location
Mortgage Calculator
Listing History
09/03/2025
Price Decreased
$575,000
07/14/2025
Price Decreased
$650,000
05/30/2025
Status changed to Active
$690,000
05/30/2025
Price Decreased
$690,000
03/05/2025
Status changed to Removed from Feed
$745,000
02/12/2025
Status changed to Active
$745,000
02/11/2025
Status changed to Removed from Feed
$745,000
02/10/2025
Listed by NetRealtyNow.com, LLC
$745,000
Property Details for 3001 Channing Street NE
Exterior
Construction
New Construction: No
Year Built: 1925
Architectural Style: Other
Construction Materials: Other
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Size Acres: 0.33
Lot Size Source: Estimated
Lot Size Square Feet: 14,374
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $3,271.00
Tax Year: 2024
Interior
Features
Fireplace: Yes
Fireplaces Total: 1
Measurements
Living Area: 7,000
Living Area Source: Estimated
Rooms
Basement: Full
Has Basement: Yes
Bathrooms Full: 2
Bathrooms Total Integer: 2
Bedrooms Total: 5
Main Level Bedrooms: 5
Other
General
Senior Community: No
Location
Subdivision Name: WOODRIDGE
Tax Lot: 808
Parking
Parking
Garage: No
Utilities
Equipment
Sewer: Public Sewer
Water Source: Public
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