1635 W VIRGINIA AVE NE, Washington, DC 20002
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1635 W VIRGINIA AVE NE, Washington, DC 20002
1635 W VIRGINIA AVE NE, Washington, DC 20002
1635 W VIRGINIA AVE NE, Washington, DC 20002
1635 W VIRGINIA AVE NE, Washington, DC 20002
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Listed by Abel Gebremichael • Real Broker, LLC
$ 939,900
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1635 W VIRGINIA AVE NE Washington, DC 20002

2,854 SqFt


UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 2,854 sqft

Price per Sqft $329

MLS Listing ID DCDC2290464

Style Traditional

Abv Grd Liv Area 2,854

Year Built 1931

Available Date 2026-11-11

Annual Tax Amount $5,680

Tax Year 2021

Lot Size 3,972 Sqft

Acres 0.09

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

1635 WEST VIRGINIA AVE NE: RARE 3.0% VA ASSUMABLE FINANCING ON A BRICK 4-PLEX. An extraordinary acquisition opportunity in today's rate climate, the seller is open to a loan assumption of their existing VA mortgage featuring an unbeatable 3.000% fixed interest rate with an unpaid principal balance of approximately $849,670. Available to both veteran and civilian buyers upon loan servicer approval, assuming this low-rate note provides massive structural debt savings—saving roughly $15,000 to $20,000+ per year in financing costs compared to originating new debt at current prevailing interest rates, while allocating over $2,000 per month directly toward loan principal reduction. Buyer to bring cash or subordinate financing to bridge the equity gap between the assumable balance and the purchase price.

The building is configured as four functional units, highlighted by two (2) fully renovated 2-bedroom units (unit 1&3) delivered vacant for immediate owner-occupancy or market-rate lease-up, alongside two Occupied (2) occupied 1-bedroom. The updated units feature refinished hardwood floors, recessed lighting, modern ceiling fans, and renovated kitchens equipped with white shaker cabinetry, tile backsplashes, granite countertops, and full stainless steel appliance packages including gas cooking and dishwashers. An owner-occupant can move into a pristine 2-bedroom home on Day 1, lock in generational 3.0% debt, and utilize the existing and incoming tenant revenue to directly subsidize their monthly housing costs, while portfolio investors can place market or voucher tenants in the vacant units to immediately maximize gross yields.

DISCLAIMER: Sold AS-IS. Loan assumption is strictly subject to PennyMac and VA loan servicer qualification, underwriting guidelines, buyer credit approval, assumption fees, and terms of release. All financial figures, interest savings estimates, and balances are provided for illustrative purposes and subject to final statement verification. Buyer and buyer's broker are solely responsible for conducting independent due diligence regarding loan assumption transfer terms

Location

State DC

County Washington

Zoning RF-1

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Private Pool No

Building

Foundation Other

Above Ground Finished SqFt 2854

Sewer No Septic System

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 4054//0051

Ownership Fee Simple

SqFt Source 2854

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard, Third Party Approval


Bright MLS (BMLS)
Katelyn Edgar

Katelyn Edgar

Realtor & Team Admin License ID: 0225274243

+1(859) 707-8610

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1635 W VIRGINIA AVE NE