Live in the heart of the U Street corridor while your property works for you. 1927 15th St NW is a rare three-unit opportunity now offered at a compelling value, combining immediate rental income with a vacant upper-level residence ready for move-in or lease-up. Whether you're seeking a lifestyle-forward home with built-in income or a well-positioned investment, this property delivers both.
The upper-level residence (Apt 2) is a bright and inviting one-bedroom home that is currently vacant--offering immediate flexibility for occupancy or rental. Based on current market conditions, projected rent is approximately $3,000 per month (including parking).
Below, two well-maintained two-bedroom residences provide strong income stability. Apt 1 is leased through July 31, 2026 at $3,475 per month (including parking), and Apt G is leased through May 31, 2027 at $2,424 per month, generating $5,899 per month ($70,788 annually) in secured income.
Each unit is separately metered for electricity and features in-unit washer/dryer, enhancing operational efficiency and tenant appeal. The property benefits from a current Certificate of Occupancy (July 2024) and a valuable rent-control exemption, providing long-term flexibility for ownership and rent strategy.
Since 2020, meaningful improvements have elevated both the building's longevity and resident experience, including full brick facade repointing with gable reconstruction, slate roof stabilization, updated HVAC systems (Apts 1 & G), refreshed kitchens and finishes, and exterior stair improvements--positioning the property as well-maintained and low-friction for future ownership.
Two secured off-street parking spaces with protected garage access further enhance both lifestyle convenience and rental value in this highly walkable, amenity-rich location just moments from Metro, dining, retail, and neighborhood favorites.
Whether you envision living in the upper residence while your investment works below, or fully leasing all three units for optimized performance, 1927 15th St NW offers a compelling blend of flexibility, stability, and long-term value in one of DC's most dynamic neighborhoods.
