CAPITOL AVE NE QUADPLEX: $53,040 SCHEDULED ANNUAL RENT + 1 VACANT UNIT. Well-maintained solid brick 4-unit building located at 1715 Capitol Ave NE, featuring four functional 1-Bedroom + Den / 1-Bathroom units. Three units are currently occupied, generating $53,040 in scheduled annual rent ($4,420/month), with one vacant unit ready for immediate move-in or market lease-up.
This property offers a direct house-hacking opportunity for an owner-occupant utilizing low- or zero-down-payment financing options, including VA (0% down), FHA (3.5% down), Conventional, or NACA programs. An owner can occupy the vacant unit on Day 1 while using the $4,420 in existing monthly rent from the three occupied units to directly subsidize mortgage carrying costs and build equity over time through loan principal reduction.
The well-maintained interior spaces feature updated wood-look laminate flooring, modern ceiling fans, updated bath fixtures, and functional kitchens equipped with white cabinetry, gas ranges, and granite countertops. Additional revenue potential exists by constructing a rear parking pad to monetize off-street parking in a high-demand neighborhood. For portfolio investors, leasing the vacant fourth unit at market rates or local voucher payment standards provides an immediate path to maximize total gross revenue.
