$1,399,000

With $141,000 in combined annual gross rental revenue based on historical rents, this distinctive two-unit Victorian at 13th and U Streets NW offers a compelling investment or owner-occupant opportunity in the heart of DC’s Greater U Street Historic District. Delivered fully vacant at closing, the property offers flexibility for immediate occupancy or a new rental strategy, with no existing leases to assume. The upper residence is a spacious, three-level home with 3 bedrooms plus an office and 2.5 baths. Full of charm and natural light, it features a chef’s kitchen and a private third-floor primary suite complete with a wet bar. Previously leased as a long-term rental for $6,750/month ($81,000 annually), the residence has a demonstrated rental history. The boiler, hot water heater, and HVAC system were all replaced in 2024. The lower-level apartment is a true 1-bedroom, 1-bath unit that conveys fully furnished for a turnkey transition. As a short-term rental, it historically generated approximately $60,000 in annual gross rental revenue, with monthly revenue ranging from $4,000 to $7,000 depending on the season. It has also been rented as a furnished rental for stays of 30+ days at $3,000/month. Together, these units offer exceptional versatility for investors seeking rental income, owner-occupants looking to offset housing costs, or buyers seeking a separate apartment for guests or extended family. The furnished lower unit provides a starting point for continued rental use, subject to applicable licensing and regulatory requirements. The location is exceptional: approximately 1.5 blocks from the U Street Metro, with the YMCA and Sweetgreen around the corner, and Trader Joe’s, Whole Foods, Ben’s Chili Bowl, and the vibrant dining, shopping, and nightlife of the U Street and 14th Street corridors all within easy reach.