NE DC Investment Opportunity – Multi-Unit Potential + Instant Equity Buy low, renovate, and capture equity fast. This RF-1 rowhome is a rare opportunity to enter one of D.C.’s hottest neighborhoods, with flexible 3–4-bedroom space and multi-unit conversion potential (buyer to verify). Why This Property Wins High-margin equity play – create a single-family dream home or convert to 2–3 income-producing units Built-in value – front porch, rear deck, fenced yard, parking under the deck, and solar panels (2023) Off-street parking – a rare “DC Gold” feature that boosts resale and rental appeal Financing Made Easy Eligible for FHA 203(k), VA, and conventional renovation loans – roll acquisition + renovation into one simple mortgage. Short Sale Advantage The bank is ready to accept 95% of the list price. Appraisal done, no guesswork, fast closing possible. Location You Can’t Beat Minutes to Union Market, H Street Corridor, and National Arboretum. Close to Metro and bus lines, attracting steady demand from professionals. Bottom Line Step in at entry-level pricing, renovate, and build equity. Multi-unit potential + strategic location = a rare opportunity in NE DC. Don’t wait.
For sale
Price cut: $28.3K (4/11)
$536,750
1505 W Virginia Ave NE, Washington, DC 20002
4beds
1,949sqft
Est.:
Townhouse
Built in 1927
1,742 Square Feet Lot
$534,300 Zestimate®
$275/sqft
$-- HOA
What's special
Off-street parkingFenced yardFront porchRear deckParking under the deck
- 93 days |
- 453 |
- 27 |
Zillow last checked:
Listing updated:
Listed by:
Ressie Wallace Wilson 202-359-9641,
RE/MAX Allegiance
Source: Bright MLS,MLS#: DCDC2240906
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Bedroom 1
- Level: Upper
Bedroom 1
- Level: Lower
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Upper
Bathroom 1
- Level: Upper
Bathroom 1
- Level: Lower
Heating
- Central, Forced Air, Natural Gas
Cooling
- Ceiling Fan(s), Central Air, Electric
Appliances
- Included: Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Refrigerator, Stainless Steel Appliance(s), Cooktop, Washer, Water Heater, Gas Water Heater
- Laundry: In Basement, Dryer In Unit, Washer In Unit
Features
- Ceiling Fan(s), Chair Railings, Crown Molding, Dining Area, Family Room Off Kitchen, Open Floorplan, Formal/Separate Dining Room, Kitchen - Galley, Wainscotting, Walk-In Closet(s), Dry Wall
- Windows: Double Hung
- Basement: Full,Heated,Improved,Interior Entry,Exterior Entry,Rear Entrance,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 1,949
- Total interior livable area: 1,949 sqft
- Finished area above ground: 1,380
- Finished area below ground: 569
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Enclosed, Paved, Driveway
- Uncovered spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Pool features: None
- Fencing: Partial,Back Yard,Wood
Lot
- Size: 1,742 Square Feet
- Features: Rear Yard, Urban, Urban Land-Cristiana-Sunnysider
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 4058//0072
- Zoning: RF-1
- Zoning description: A building or structure existing before May 12, 1958 in the RF-1 zone may be used for more than 2 dwelling units.
- Special conditions: Short Sale
Construction
Type & style
- Home type: Townhouse
- Architectural style: Colonial
- Property subtype: Townhouse
Materials
- Block, Brick
- Foundation: Block, Brick/Mortar
- Roof: Built-Up
Condition
- Below Average
- New construction: No
- Year built: 1927
- Major remodel year: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy generation: PV Solar Array(s) Owned
Community & HOA
Community
- Security: Security Gate
- Subdivision: Trinidad
HOA
- Has HOA: No
Location
- Region: Washington
Financial & listing details
- Price per square foot: $275/sqft
- Tax assessed value: $632,100
- Annual tax amount: $1,215
- Date on market: 1/12/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,FHA 203(k),Private Financing Available,Cash
- Inclusions: All Personal Property And Furniture
- Ownership: Fee Simple
Estimated market value
$534,300
$508,000 - $561,000
$3,527/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 4/11/2026 | Price change | $536,750-5%$275/sqft |
Source:  Bright MLS #DCDC2240906 Report a problem | ||
| 1/12/2026 | Listed for sale | $565,000+1727.9%$290/sqft |
Source: Bright MLS #DCDC2240906 Report a problem | ||
| 1/19/2000 | Sold | $30,909$16/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,216 +1% | $634,430 -1.8% |
| 2024 | $1,204 +0.9% | $646,220 +2.6% |
| 2023 | $1,193 +0.1% | $629,980 +7.3% |
| 2022 | $1,191 +4.1% | $587,100 +6.2% |
| 2021 | $1,144 +4.7% | $552,570 +3.9% |
| 2020 | $1,092 +9.2% | $531,720 +24.4% |
| 2018 | $1,000 +9.6% | $427,360 +12.6% |
| 2017 | $913 +9.6% | $379,380 +8.6% |
| 2016 | $833 +9.8% | $349,250 +12.3% |
| 2015 | $758 +9.2% | $310,870 +33.1% |
| 2014 | $694 +7.2% | $233,550 +5.5% |
| 2013 | $647 -3% | $221,410 -1.4% |
| 2012 | $667 | $224,440 |
| 2011 | $667 -18.5% | $224,440 -13.7% |
| 2010 | $819 -23.8% | $260,100 -18.9% |
| 2009 | $1,074 -51.4% | $320,880 +27.6% |
| 2007 | $2,212 +45.1% | $251,400 +51.7% |
| 2006 | $1,524 +35.7% | $165,690 +41.6% |
| 2005 | $1,124 +8.9% | $117,050 +8.9% |
| 2004 | $1,032 -2.4% | $107,530 -2.4% |
| 2003 | $1,058 +15% | $110,180 +15% |
| 2002 | $920 -9% | $95,807 +9% |
| 2001 | $1,011 | $87,896 |
Find assessor info on the county website
Monthly payment
Est. payment
$3,059/mo
Principal & interest
$2768
Property taxes
$291
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Climate risks
Neighborhood: Trinidad
Nearby schools
GreatSchools rating
- 4/10Wheatley Education CampusGrades: PK-8Distance: 0.3 mi
- 3/10Dunbar High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Wheatley Education Campus
- Middle: Wheatley Education Campus
- High: Eastern Senior
- District: District Of Columbia Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Washington, DC
- District of Columbia
- Washington
- 20002
- Trinidad
- 1505 W Virginia Ave NE
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