Price Reduced more than $100K. Now is the time to invest in this wonderful opportunity. Welcome to 1224 Raum St. NE, a fantastic investment opportunity in the heart of Northeast Washington, D.C. This quadruplex building offers not only an income-generating property but also the potential for condo conversion, making it a smart choice for both investors and developers who would like to capitalize on the strong demand for housing in this vibrant neighborhood. The property's location and area revitalization ensures steady appreciation in property values, making it a wise investment choice. The lower level and large backyard could accommodate further development and additional units. 1224 Raum St. NE is vacant and immediately available. Seller is willing to offer a $50,000 credit for roof repairs.
Sold for $875,000 on 03/29/24
$875,000
1224 Raum St NE, Washington, DC 20002
12beds
--baths
3,916sqft
Townhouse
Built in 1936
-- sqft lot
$-- Zestimate®
$223/sqft
$2,163 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,163/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: March 29, 2024 at 01:54pm
Listed by:
Michelle Quinn 703-307-6409,
Compass,
Co-Listing Team: Carmen Fontecilla Group, Co-Listing Agent: Jaime Willis 202-494-1325,
Compass
Bought with:
Megan Ferra
Keller Williams Capital Properties
Source: Bright MLS,MLS#: DCDC2118766
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
Basement
- Area: 1776
Heating
- Radiator, Hot Water, Natural Gas
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 5,328
- Total interior livable area: 3,916 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 3,672 sqft
- Features: Unknown Soil Type
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 4052//0106
- Zoning: RF-1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1936
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Washington
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 3/29/2024 | Sold | $875,000-12.3%$223/sqft |
Source:  Bright MLS #DCDC2118766 | ||
| 2/7/2024 | Contingent | $998,000$255/sqft |
Source: Bright MLS #DCDC2118766 | ||
| 12/17/2023 | Price change | $998,000-9.3%$255/sqft |
Source: Bright MLS #DCDC2118766 | ||
| 11/9/2023 | Listed for sale | $1,100,000-8.3%$281/sqft |
Source: Bright MLS #DCDC2118766 | ||
| 7/25/2023 | Listing removed | $1,200,000$306/sqft |
Source: Bright MLS #DCDC2093114 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $45,861 +470.8% | $917,210 -3% |
| 2024 | $8,034 +3.1% | $945,210 +3.1% |
| 2023 | $7,789 +8.9% | $916,400 +8.9% |
Find assessor info on the county website
Neighborhood: Trinidad
Nearby schools
GreatSchools rating
- 4/10Wheatley Education CampusGrades: PK-8Distance: 0.4 mi
- 3/10Dunbar High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- District: District Of Columbia Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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