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.
Listed by Desmond Kevin Aberdeen
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Compass
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2025284698
Last updated June 03, 2025
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Source: BrightMLS #DCDC2174540
Listing Facts
TypeMulti-family
NeighborhoodIvy City
Days on Prevu211
Taxes$898/year
Size1,680 sqft
Price per sqft$375
Amenities
Parking
Location
Mortgage Calculator
Listing History
02/11/2025
Listed by Compass
$629,999
Property Details for 968 Mount Olivet Road NE
Exterior
Construction
New Construction: No
Number Of Units Total: 3
Roof: Metal
Window Features: Casement, Storm
Year Built: 1951
Architectural Style: Other
Construction Materials: Brick
Exterior Features: Fire Escape
Features
Other Structures: Above Grade
Waterfront: No
Measurements
Lot Features: Other
Lot Size Acres: 0.03
Lot Size Source: Estimated
Lot Size Square Feet: 1,352
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 8.5
Taxes
Tax Annual Amount: $898.00
Tax Year: 1996
Interior
Features
Appliances: Oven/Range - Gas, Refrigerator
Fireplace: No
Interior Features: Window Treatments, Other
Spa: No
Measurements
Living Area: 1,680
Living Area Source: Estimated
Rooms
Has Basement: No
Other
Features
Accessibility Features: Level Entry - Main
Location
Subdivision Name: IVY CITY
Tax Lot: 0809
Parking
Parking
Garage: No
Utilities
Equipment
Heating: Radiator
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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