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sales rep | Brivity IDX

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3505 Ames St NE , Washington, DC 20019
$640,000
Est. Payment: $3,550.92/mo
8 Bed
8 Bath
0.11 Acres
Status: active | Days on site: 18
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GRYS1 - 136386
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House Description

FULLY VACANT 8 UNIT BUILDING | NO TOPA | OPPORTUNITY ZONE. A rare chance to own a completely empty apartment building in one of Northeast DC’s fastest changing neighborhoods. 3505 Ames Street NE is delivered vacant, so you can start renovating on day one with no tenants to negotiate with and no TOPA process to wait out. Update the units, lease them up, and build long term income and equity. Renovated one bedroom apartments in the immediate area are leasing around $1,355 per month, giving a new owner a clear target for rents once the work is done. The building sits on its own tax parcel, making it simple to own, finance, and eventually sell on its own. The location is a big part of the story. The property is just two minutes from the RFK redevelopment, which will bring a new stadium, 6,000 homes, retail, and parkland to the 174 acre campus. Hill East and Northeast Heights Town Center are also nearby and continuing to bring new housing, retail, and activity to the corridor. Residents can walk to both the Minnesota Ave (Orange) and Benning Road (Blue/Silver) Metro stations, with bus lines V2, V4, 96, and U7 connecting to the rest of DC, Maryland, and Northern Virginia. The property is located in both an Opportunity Zone and a Qualified Census Tract, which may offer meaningful tax benefits for long term owners. Can be purchased on its own or together with neighboring buildings as part of the larger Ames Street portfolio. Get in ahead of the $3.7 billion redevelopment at RFK.

Highlights

Listed by Ari Firoozabadi , 2022802722 Greysteel Company LLC , 2022802722. Bright MLS

Property Type

Residential

Lot/Acreage
0.11

Year Built

1941

County

Washington

Neighborhood

Fort Dupont Park

School District

District Of Columbia Public Schools

Listing ID

DCDC2287774

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:8
  • ▪ Bathrooms:8
  • ▪ Full Bathrooms:8
Other:
  • ▪ Main Floor Bedrooms:8
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Zoning:R
Sewer:On Site Septic
Parking Features:On Street
Principal Interest
$3,551
Taxes
$324

Home Price

$640,000

Loan Details

30 yrs
7.417%

Down Payment

20%
$128,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,550.92

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,550.92 $324.33 $0.00 $3,875.26
Yearly $42,611.09 $3,892.00 $0.00 $46,503.09
Total $1,278,332.72 $116,760.00 $0.00 $1,395,092.72
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Washington, DC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T13:14:08.000Z

© 2026 Bright MLS