Local Realty Services Provided By:
Keller Williams Capitol Properties
Overview
What It'll Cost
Neighborhood
Similar Homes
$692,500
55 P ST NW, WASHINGTON, DC 20001
3 Beds
3 Baths
1,272
sq ft
.04
ac
Log In to Reveal Price
$692,500
55 P ST NW, WASHINGTON, DC 20001
Estimation provided by Keller Williams Realty Inc.
3 Beds
3 Baths
1,272
sq ft
.04
ac
Active
For Sale
Property Description
Investor’s Dream – Prime Development Opportunity in Truxton Circle!Unlock the potential of this classic two-level rowhouse in the sought-after RF-1 zoned district, offering significant value-add potential in one of Washington, D.C.'s fastest-growing neighborhoods. Whether you're looking for a fix-and-flip project, a buy-and-hold rental investment, or an expansion opportunity, this property is brimming with possibilities.Key Features:3 Bedrooms | 1 Bath – A well-laid-out floor plan with ample space to reconfigure or modernize.RF-1 Zoning – Potential for conversion into a multi-unit property, maximizing rental income or resale value.Bright and Spacious Layout – Large windows fill the living spaces with natural light, highlighting the home's charm and historic character.Separate Dining Room & Living Area – Ideal for redesigning into an open-concept space or keeping the classic structure.Deep Backyard – Provides off-street parking potential or space for an addition/expansion.Investor Advantages:High Appreciation Area – Truxton Circle continues to see strong appreciation, fueled by its proximity to downtown D.C., Union Market, and major transit hubs.Minutes to Union Station & the Capitol – Perfect for attracting high-income renters or professionals seeking prime access to D.C.'s core.Strong Rental Demand – With D.C.'s robust rental market, a renovated version of this home could command premium rental rates.Opportunity to Build Equity Quickly – Ideal for investors looking to renovate and resell, as surrounding renovated homes have sold for significantly higher prices.Comparable Homes in the Area:Recently renovated rowhouses with similar layouts have sold for over $900K, highlighting the profit potential for a well-executed renovation.Rental properties in the area are leasing for $3,500+ per month, making this an attractive buy-and-hold opportunity.With the right vision and updates, this property can be transformed into a high-value asset—whether you’re planning a full-scale renovation for resale or creating a long-term rental investment.🔹 Don’t miss out on this lucrative opportunity! Schedule your showing today and bring your contractor or architect to explore the possibilities.
Assessed Value is a combination of the land and additions.
2024
$34,769
(+495.16%)
$687,280
Land 480,590 +
Additions 206,690
2023
$5,842
(+7.79%)
$687,280
Land 480,590 +
Additions 206,690
2021
$5,420
(-82.65%)
$637,590
Land 450,740 +
Additions 186,850
2020
$31,229
(+520.7%)
$624,580
Land 443,710 +
Additions 180,870
2019
$5,031
(+12.5%)
$591,910
Land 422,660 +
Additions 169,250
2017
$4,472
$574,740
Land 407,620 +
Additions 167,120
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
Do you have other availabilities? Add up to two additional timeframes.
Please select a valid date
Please select a valid time
Please select a valid date
Please select a valid time
How would you like to tour?
Select your preferred video platform(s).
Zoom
FaceTime
Facebook Messenger
Google Meet
WhatsApp
Other
Your health and safety are our top priority. That`s why we’ve added the option to tour properties you are interested in through a live video chat.
Additional info
Enter a valid phone number.
Any additional questions or comments?
Message (optional)
Additional Terms of Use
Before you continue, please review the VOW Terms of Use:
(a) the Registrant has received, read and understood the brochure published by the British Columbia Real Estate Association entitled "Privacy Notice and Consent";
(b) the Registrant acknowledges entering into a lawful REALTOR®/ consumer or REALTOR®/client relationship with the Member;
(c) all data obtained from the MLS® VOW is intended for and may only be used for the Registrant’s personal, non-commercial use;
(d) the Registrant has a bona fide interest in the purchase, sale or lease of real estate of the type being offered through the MLS® VOW;
(e) the Registrant will not himself, and will not permit or assist others to, directly or indirectly:
(i) copy, redistribute or retransmit any of the MLS® VOW Data or information provided;
(ii) display, post, disseminate, distribute, publish, broadcast, transfer, sell or sublicense any of the MLS® VOW Data to another person.
(iii) engage in Scraping (including "screen scraping" and "database scraping"), "data mining" or any other activity intended to collect, store, re-organize, summarize or manipulate any MLS® VOW Data or any related data;
(f) the Registrant acknowledges the Board’s ownership of, and the validity of the Board’s proprietary rights and copyright in the MLS® VOW Data, and listing information; and
(g) the Registrant expressly authorizes the Board or their duly authorized representatives, to access the MLS® VOW and Registrant’s information provided to the MLS® VOW Participant, for the purposes of verifying compliance with and pursuing enforcement of the Terms of Use and all applicable rules, regulations, bylaws, policies, and laws.
This website uses cookies to improve your experience. For more info, read our
Cookie Policy.
By clicking “Accept” or continuing to use this site, you agree to our use of cookies
Terms of Use
and
Privacy Policy.
You have access to 1 more listing!You have access to {value} more listings!
Sign up to view unlimited properties and connect with an agent.
Get connected and never miss another property
Create your free account today!
Receive timely updates on your searches
Get meaningful market data and price trends
Access the world’s largest off-market property network through your KW Agent