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Property Description

This property is PERFECT for investors, house hackers, or condo buyers looking to offset their mortgage:
- Generates $70,800/year in rental income
- Only $11K in owner expenses/year
- Nearly 6.9% cap rate - much higher than the average cap rate in DC
- Seller plans to lease in approximately one week

Tucked in the heart of one of DC's most walkable neighborhoods, this two-unit property offers the best of both worlds: a vibrant, amenity-rich location steps from Georgia Avenue dining, nightlife, and Metro, with the kind of flexible layout that works for owner-occupants and investors alike.

The top-floor unit spans the full level with an open-concept layout, bamboo and hardwood floors, granite countertops, stainless steel appliances, a large kitchen island, two bedrooms, two full baths, and in-unit laundry. Under DC housing code, the top-floor unit has the potential to expand vertically with a second-story addition -- an uncommon opportunity to significantly increase square footage and long-term value. Natural light pours through generous windows, and two gated off-street parking spaces add everyday convenience that's hard to come by in this neighborhood.

The lower-level unit mirrors the quality with two bedrooms and one-and-a-half baths -- also freshly renovated and move-in ready. With both units vacant, you set the rents, choose your tenants, and start building income on your own terms from day one.

Both units have demonstrated consistent rental demand driven by the location and layouts. Well-suited for buyers using NACA or DC Open Doors financing programs.

Overview

Property Status
Sold
Date Sold
August 20, 2026
Lot Size
2,178 Sq.Ft.
MLS ID
DCDC2243518
Property Type
Multi-Family
Year Built
1906

Features & Amenities

Total Area
1,882 Sq.Ft.
Neighborhood
Northwest Washington
Architecture Styles
Traditional
Stories
2
Water Source
Public
Pool
No Pool
Parking
Driveway
Heat Type
Central
Air Conditioning
Central A/C
Laundry Room
Has Laundry
Sewer
No Septic System, Public Sewer
Substructure
Brick/Mortar
Disability Features
None
School District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Sales Price
$850,000
Real Estate Tax
$7,011/yr
Zoning
024

Downloads

737 MORTON STREET NW

Schedule a Tour

I would love to help you see this beautiful home! As a full-service brokerage, I can help you tour. Please submit an offer, and answer questions about the buying process.

Thank you

for your interest in 737 MORTON STREET NW, WASHINGTON, DC 20010

737 MORTON STREET NW
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