3001 Channing Street NE, Washington, DC 20018 is now new to the market!

by Thomas Hennerty 02/11/2025

3001 Channing Street NE, Washington, DC 20018
Single Family
$745,000
3001 Channing Street NE
Washington, DC 20018
Listed by: NetRealtyNow.com, LLC, (703) 581-8605
MLS: Bright MLS
5Beds
2Baths
7,000Sq Ft
Est. Mortgage
$3,946/mo

Discover an incredible investment opportunity with this property offering significant potential. The existing home spans 5,000 sq ft and includes 5 bedrooms and 2 bathrooms. It is a blank canvas, needing a full rehab down to the studs. An added bonus is the garage, which has the potential to be converted into an Accessory Dwelling Unit (ADU). The property sits on four plots totaling 14,300 sq ft, providing ample space for various development options. Investment Opportunities: Rehab & Convert: Rehab the current home and convert the garage into an ADU. Rehab quotes are estimated at $250,000, with an After Repair Value (ARV) of approximately $1.5 million. New Construction: Alternatively, you can build 2-3 duplexes on the land, with each unit having a resale value of around $950,000. Legal and contractor consultations have already been completed, and an architect and contractor are ready to start the project. This property offers a unique chance to maximize your return on investment through either rehabilitation or new construction. Don’t miss out on this exceptional opportunity!

Learn more about this property
About the Author
Author

Thomas Hennerty

Hi, I'm Thomas Hennerty and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you.