Capitol Hill · Washington, DC 20002 · District of Columbia County
$2,900,000
13 bd · 5,100 sq ft · $569/sq ft
The short version · by Homeful
This 1903 brick multi-family property on Capitol Hill holds six leased rental units across two buildings on a single lot. Renovated in 2019, it is 100% occupied and generating income from day one. The assumable 5% loan makes the financing picture especially worth exploring.
Highlights
Built in 1903 and thoroughly renovated in 2019, this Capitol Hill property brings together two buildings on one 4,759 SF lot totaling 5,100 SF of living space. The main building holds four two-level units of 930 SF each, while a separate carriage house adds two more units, rounding out a six-unit portfolio that includes three two-bedroom units, two three-bedroom units, and an office rental. A three-car driveway sits between the buildings, and the property also includes a single-car garage. Every unit is currently leased and generating income.
Inside, the renovated units feature hardwood floors, quartz countertops, white cabinetry, kitchen islands with sinks, stainless steel appliances, gas ranges, and glass-enclosed showers with subway tile surrounds. The brick exterior is punctuated by a curved facade turret and a rooftop deck, giving the building strong street presence to match its income profile.
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What we'd want to know before pursuing this home, in plain English.
The price
At $2,900,000, this price reflects a turnkey, six-unit rental property that is 100% leased and generating income today. The 2018 purchase price was $1,700,000, and the 2019 renovation adds a clear value story. An assumable 5% loan is on the table, which is a meaningful advantage worth running the numbers on with your lender.
How fast homes move here
Washington DC saw 786 sales in 2024 and 767 in 2025, with median sale prices settling around $710,000 to $729,500 in that period. A multi-family income property at this price point occupies a distinct segment, but the broader market trend toward steadier, measured activity suggests there is room to engage thoughtfully rather than reactively.
Why the location works
Situated at 631 Constitution Ave NE, this property sits in Capitol Hill, one of Washington DC's best-known and most walkable urban neighborhoods. The address carries strong long-term appeal that has historically supported consistent rental demand.
Your next move
Sign up for a go-live alert so you are notified the moment this property is officially on the market. Plan an early walkthrough to see both buildings and the carriage house in person. Then connect with an agent who works with income properties to evaluate the assumable loan terms and current rent roll before anyone else does.
Both buildings were renovated, bringing updated kitchens, baths, and finishes to all six units.
The property sold for $1,700,000.
The brick building was constructed, featuring the curved facade turret that remains a defining exterior detail today.
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