Description
THE OPPORTUNITY1202 P Street NW presents a rare opportunity to acquire a meticulously maintained, four-unit apartment building in Logan Circle, one of Washington, DC’s most vibrant and walkable neighborhoods. The building is fully leased andgenerates strong in-place cash flow with upside potential through strategic rent increases or condo conversion. Each unit is approximately 950 SF, offering spacious layouts ideal for long-term tenants.SIGNIFICANT CAPITAL IMPROVEMENTSCurrent ownership has invested over $250,000 in renovations, including:• New High-End Front Door• Façade Repointing• New Windows• New Roof• Interior Renovations in All UnitsSystems upgrades include a new security system and replacement of all HVAC units. These improvements reduce future capex needs and support premium rents.ATTRACTIVE FEATURESThe property includes two large 2BR/1BA units, one 1BR/1BA unit, and one garden-level 1BR/1BA unit, providing flexible leasing options for a range of tenant profiles. All units offer modern finishes, in-unit W/D, and efficient floor plans.STRONG IN-PLACE CASH FLOWThe property generates annual gross rents of $142,248 ($11,854/month), with relatively low monthly expenses, representing a strong yield at acquisition. In-place rent averages $3.09/SF/month with room for increases basedon comps in the submarket.PREMIUM LOGAN CIRCLE LOCATIONLocated on a quiet residential block in Logan Circle, 1202 P Street NW is walkable to Whole Foods, 14th Street’s retail and restaurant corridor, and Metro. The area is among DC’s most desirable rental locations, offering stability, lifestyle amenities, and long-term value appreciation. High demand for boutique units in this submarket ensures continued low vacancy.LOWER MONTHLY CARRY WITH FHA LEVERAGEBuyers can utilize 95% FHA financing to significantly reduce cash-to-close and monthly debt service. With a 30-year fixed loan, monthly P&I can be as low as $12,600. This allows an owner-occupant to live in one unit with mortgagepayments reduced by rents.
-
0BEDS
-
0.03ACRES
-
0BATHS
-
01/2 BATHS
-
4,279SQFT
-
$514$/SQFT
Description
THE OPPORTUNITY1202 P Street NW presents a rare opportunity to acquire a meticulously maintained, four-unit apartment building in Logan Circle, one of Washington, DC’s most vibrant and walkable neighborhoods. The building is fully leased andgenerates strong in-place cash flow with upside potential through strategic rent increases or condo conversion. Each unit is approximately 950 SF, offering spacious layouts ideal for long-term tenants.SIGNIFICANT CAPITAL IMPROVEMENTSCurrent ownership has invested over $250,000 in renovations, including:• New High-End Front Door• Façade Repointing• New Windows• New Roof• Interior Renovations in All UnitsSystems upgrades include a new security system and replacement of all HVAC units. These improvements reduce future capex needs and support premium rents.ATTRACTIVE FEATURESThe property includes two large 2BR/1BA units, one 1BR/1BA unit, and one garden-level 1BR/1BA unit, providing flexible leasing options for a range of tenant profiles. All units offer modern finishes, in-unit W/D, and efficient floor plans.STRONG IN-PLACE CASH FLOWThe property generates annual gross rents of $142,248 ($11,854/month), with relatively low monthly expenses, representing a strong yield at acquisition. In-place rent averages $3.09/SF/month with room for increases basedon comps in the submarket.PREMIUM LOGAN CIRCLE LOCATIONLocated on a quiet residential block in Logan Circle, 1202 P Street NW is walkable to Whole Foods, 14th Street’s retail and restaurant corridor, and Metro. The area is among DC’s most desirable rental locations, offering stability, lifestyle amenities, and long-term value appreciation. High demand for boutique units in this submarket ensures continued low vacancy.LOWER MONTHLY CARRY WITH FHA LEVERAGEBuyers can utilize 95% FHA financing to significantly reduce cash-to-close and monthly debt service. With a 30-year fixed loan, monthly P&I can be as low as $12,600. This allows an owner-occupant to live in one unit with mortgagepayments reduced by rents.
©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or McClain-Williamson Realty, LLC.. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-05-19T17:56:23.37.