1014 17TH St NE

This four-unit building offers an amazing development opportunity, a buy-and-hold opportunity, or fits the home hack investor looking to build equity as an owner-occupant. RA-2 zoning permits moderate and medium-density rowhouses and apartments. By right FAR of 1.8 + additional 0.4 FAR in a penthouse, building height of 50', and lot occupancy of 60% on the 4,214 sq ft lot. Buildings at 1010 and 1022 17th Street NE show the density potential of 10+ units. Currently arranged as a four-unit building, all 2 BR and 1 BA units. Fully tenanted, providing reliable rental income for cash flow. Looking to house hack? An owner-occupant can vacate one unit for easy move-in, offset expenses with rental income, and build equity fast.
The property boasts a history of strong occupancy and dependable cash flow, thanks to the high demand for rental units in the area. Close to the H St corridor and plentiful shopping options, including Hechinger Center and Aldi's. Jump on this opportunity to invest in a property with exceptional flexibility and long-term appeal.