Coming soon
$629,000
2,600 sqft · 3,334 sqft lot
1322 Downing Pl NE, Washington, DC 20018
Multi-family · Built 1943 · $242/sqft ·
$3,730/mo est. payment
Flood factor 1/10
About this home
ATTRACTIVE SELLER FINANCING AVAILABLE. Negotiable terms offered for qualified buyers. Inquire with the listing agent for details and terms. 1322 DOWNING PL NE: 4-UNIT ASSET WITH VALUE-ADD & OWNER-OCCUPANT UPSIDE. Solid brick 4-unit building situated in an established Northeast D.C. corridor, featuring three occupied units providing immediate rental income and one vacant unit ready for owner-occupancy or market lease-up. Offered at exceptional price, the property presents a direct physical value-add opportunity to build equity over time through systematic interior renovations and finish updates. Purchasing this 4-unit building as a qualifying individual owner-occupant provides the legal pathway to file for the Small Landlord Exemption from D.C. rent control stabilization regulations with the Rental Accommodations Division (RAD). An owner-occupant can utilize incoming rents from the three occupied units to directly offset monthly mortgage debt service while incrementally executing property improvements. This strategy allows the owner to reposition the building and capture significant long-term equity appreciation as local market fundamentals continue to recover and strengthen. DISCLAIMER: buyer's broker are responsible for performing all due diligence to verify existing lease terms, Certificate of Occupancy status, Basic Business License requirements, and RAD rent control exemption filing criteria.
Facts and features
Heating and Cooling
- Heating Features: Radiator
- Heating: Yes
Land Info
- Lot Size Acres: 0.0765381
- Lot Size Square Feet: 3334
Garage and Parking
- Parking Total: 0
Multi-Unit Info
- Number of Units: 4
- Number of 1 Bedroom Units: 4
- Number of 2 Bedroom Units: 0
- Number of 3 Bedroom Units: 0
School Information
- School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Other Property Info
- Annual Tax Amount: 6395
- Source Listing Status: Active
- County: WASHINGTON
- Disclaimer: Standard
- Ownership: Fee Simple
- Source Property Type: Multi-Family
- Postal Code Plus 4: 3515
- Property Subtype: Quadruplex
Building and Construction
- Total Square Feet Living: 2600
- Year Built: 1943
- Above Grade Finished Area: 2600
- Below Grade Finished Area: 0
- Below Grade Unfinished Area: 722
- Construction Materials: Brick
- Property Age: 83
- Total Area Sqft: 3322
Schools
- 7
Langdon Elementary School
elementary · K-5 · 0.5 mi
- 4
McKinley Middle School
middle · 6-8 · 1.1 mi
- 3
Dunbar High School
high · 9-12 · 1.8 mi
New Beginnings Vocational Program LLC
high · 9-12 · 0.4 mi
- 7
Noyes Elementary School
elementary · K-5 · 0.5 mi
Calvary Christian Academy
elementary · PK-8 · 0.5 mi
Price history
- Sep 18, 2026 · Listed$629,000
- Nov 4, 2002 · Sold$128,000
- Dec 18, 1986 · Sold$80,000
Tax history
- 2026$6,394 tax · $752,340 assessed
- 2025$6,388 tax · $752,340 assessed
- 2024$6,290 tax · $751,620 assessed
- 2023$6,068 tax · $713,960 assessed
- 2022$5,418 tax · $637,460 assessed
- 2021$5,083 tax · $598,110 assessed
- 2020$4,787 tax · $563,180 assessed
- 2019$4,253 tax · $500,430 assessed
Where it is
Listed by Abel Gebremichael · Real Broker, LLC · BrightMLS
