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32756147
32756074

642 Morton Pl NE, Washington, DC 20002

KB
DC BR98373602
DC Real Property, LLC
Listed by DC Real Property, LLC
$840,000
21 days on market
Updated 21 days ago

642 Morton Pl NE

Details
APN 0855//0815
Property Type Multifamily
Sub Type Duplex
Square Footage 1,722
Units 2
NOI $54,000
Occupancy 100%
Tenancy Multi
Price per SqFt $488
Class B
Year Built 1910
Buildings 1
Acreage 0.030
Zoning RF-1
Investment Type Stabilized
Ownership Fee Simple

Multifamily | 2 Units

Marketing description

Fully renovated two-unit property ideally positioned in the heart of Northeast DC near Union Market, NoMa, and the H Street Corridor. 642 Morton Place NE presents a rare opportunity to acquire a stabilized income-producing asset with strong in-place rental income, updated interiors, and long-term upside in one of Washington, DC's strongest growth corridors. The property consists of two separately metered residential units with a combined monthly rental income of approximately $4,500. The upper unit is leased through November 2027 at $2,300/month, while the lower unit is occupied at $2,200/month, providing immediate cash flow and operational stability. Both units have been extensively renovated and feature updated kitchens, modern bathrooms, wood flooring, upgraded finishes, private outdoor balcony space, and bright open layouts.

Additional highlights include potential for future off-street parking at the rear of the property, separately metered utilities, and strong tenant demand driven by the surrounding Union Market and NoMa redevelopment. Located moments from Union Market, Metro access, dining, retail, parks, and major commuter routes, this property offers an attractive combination of stable income, neighborhood appreciation, and long-term investment potential. Ideal for investors, owner-occupants seeking supplemental income, or long-term hold buyers looking for exposure to one of Northeast DC's most active residential corridors.

Investment highlights

  • Fully renovated two-unit property ideally positioned in the heart of Northeast DC near Union Market, NoMa, and the H Street Corridor
  • Stabilized income-producing asset with strong in-place rental income of approximately $4,500/month
  • Upper unit leased through November 2027 at $2,300/month
  • Lower unit occupied at $2,200/month providing immediate cash flow and operational stability
  • Both units extensively renovated with updated kitchens, modern bathrooms, wood flooring, and upgraded finishes
  • Private outdoor balcony space and bright open layouts
  • Potential for future off-street parking at the rear of the property
  • Separately metered utilities
  • Strong tenant demand driven by surrounding Union Market and NoMa redevelopment
  • Located moments from Union Market, Metro access, dining, retail, parks, and major commuter routes
  • Ideal for investors, owner-occupants seeking supplemental income, or long-term hold buyers

Listing Contacts

KB
DC BR98373602
DC Real Property, LLC
Listed by DC Real Property, LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$54,000.00
$4,500.00/mo

Valuation Metrics

0
DSCR
6.43%
Cap Rate
6.43%
ROI

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Additional Information

Name
Kenn Blagburn
License
BR98373602
Brokerage
DC Real Property, LLC
Brokerage Phone
2028008389
Title
Principal Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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