#DCDC2188108, Annemarie Stephens, Listing Office: Coldwell Banker Realty - Washington
118 P St SW Washington, DC 20024
Property details
About 118 P St SW
Charming 2-Unit Property in Prime Washington, DC Location! Discover an incredible investment opportunity in the heart of Southwest Washington, DC! This 2-unit semi-detached brick home, built in 1941, offers historic charm with modern convenience. Perfect for investors, multi-generational living, or those looking to generate rental income, this property is a true gem. Nestled in the sought-after Old City #1 neighborhood, it is just minutes from Nationals Park, The Wharf, and Downtown DC, making it an ideal location for urban living. Each unit features a 1-bedroom, 1-bathroom configuration, offering comfortable living spaces filled with natural light. The home boasts a classic Colonial style with a timeless brick exterior, hardwood floors, and large windows that enhance its charm. Both units come equipped with functional galley-style kitchens featuring essential appliances, making meal preparation effortless. Additionally, the property includes an unfinished 620 sq. ft. basement, providing potential for expansion or extra storage. Sitting on a 1,235 sq. ft. lot, the home offers an outdoor space perfect for urban dwellers looking to enjoy fresh air in a bustling city environment. The property provides easy access to major highways, public transit, and commuter routes, making it highly convenient for residents. It also presents a fantastic investment opportunity with its R4 zoning classification and no rent control restrictions, allowing for long-term rental income potential. With 1,120 sq. ft. of total living space, the home includes central heating powered by natural gas and central A/C, ensuring year-round comfort. On-street parking is available, adding to the home’s accessibility. This rare find in a vibrant and growing DC community is perfect for those looking for a residence with rental income potential or an investment property in an appreciating market. Don’t miss this incredible opportunity—schedule your private showing today!
Highlights
(ACTIVE)
Summary
- MLS Number: DCDC2176198
- MLS Name: BRIGHT
- Office Name: Capital Area Realtors of DC
- Office Phone: (571) 318-6020
- Listing Agent: Kathy Mason
- Agent Phone: (571) 282-8742
- Agent Email: kathymason@movetothecapital.com
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Last updated on: 4/18/2025, 6:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$699,000
118 P St SW
$8,301
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Jul 25, 2018 | Home Sold | $600,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $627,490 | $5,368 |
2022 | $584,750 | $4,970 |
2021 | $571,490 | $4,857 |
2020 | $546,760 | $4,647 |
2019 | $387,990 | $3,297 |
2018 | $358,620 | $3,048 |
2017 | $328,360 | $2,791 |
History based on county public records data.
Nearby schools
4
Amidon-Bowen Elementary School
Public District EE-5
0.6 mi
•401 I St SW
6
Van Ness Elementary School
Public District EE-5
0.8 mi
•1150 5th St SE
9
Brent Elementary School
Public District EE-5
1.1 mi
•301 N Carolina Ave SE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,333. The majority of Washington, DC residents have income less than $<35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
Similar homes for sale
This home is located at 118 P St SW in Washington, DC and zip code 20024 in the Southwest Waterfront / Fort McNair / Buzzard Point neighborhood. This 1,120 square foot home, which was built in 1941, sits on a 0.03 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since January 28, 2025 and is currently priced at $699,000.
While more than 66 listings in Washington, DC in March 2025 were sold above asking price, there were more than 81 listings sold at asking price, and more than 170 were sold below. Between February and March 2025, Washington, DC real estate market has seen increase in the number of listings by 40.4%. Listings spent 55 days on the market in March 2025, and had a median list price of $672,196 during the same period.