337 DELAFIELD PL NW Washington, DC 20011
4,113 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 4,113 sqft
Price per Sqft $363
Subdivision Petworth
MLS Listing ID DCDC2269674
Style Traditional
Abv Grd Liv Area 3,208
Year Built 1936
Available Date 2026-07-03
Annual Tax Amount $11,316
Tax Year 2025
Lot Size 3,361 Sqft
Acres 0.08
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
The main level is handicap accessible and was previously utilized as a medical facility, providing additional flexibility for future use (subject to applicable approvals). There is also potential to convert the property into a 6-unit building, offering an opportunity to further increase income and value.
Located just off New Hampshire Avenue NW, the property is surrounded by shopping, restaurants, hospitals, Metro access, parks, and major commuter routes. Petworth continues to experience strong redevelopment, making it one of Northwest DC's most attractive neighborhoods for long-term appreciation and rental demand.
Whether you're purchasing your first multifamily investment or expanding your portfolio, this property offers an outstanding combination of below-market financing, stable cash flow potential, and future upside. Recent improvements include fresh exterior paint, professional landscaping, and interior upgrades throughout all five income-producing units, minimizing near-term capital expenditures.
Unit Mix & Estimated (Section 8 Rents)
• 1 × 3-Bedroom Unit
Estimated Rent: $3,850/month
Total Monthly Income: $3,850
• 3 × 2-Bedroom Units
Estimated Rent: $2,850/month each
Total Monthly Income: $8,550
• 1 × 1-Bedroom Unit
Estimated Rent: $1,900/month
Total Monthly Income: $1,900
Total Potential Rental Income 5 Units — Approximately $14,300/month
Estimated Annual Gross Income Approximately $171,600/year
At the asking price of $1,495,000, the projected gross rental yield is approximately 11.5% before operating expenses.
Investment Highlights:
• Assumable FHA loan at an exceptional 2.875% interest rate.
• Five income-producing units with potential to convert to 6 units (buyer to verify).
• Handicap-accessible main level with prior medical office use.
• Recently updated with exterior and interior improvements.
• Strong Section 8/Housing Choice Voucher income potential.
• High-demand rental location with low vacancy characteristics.
• Developing neighborhood with continued investment and appreciation potential.
• Excellent opportunity for both first-time and seasoned multifamily investors.
Opportunities combining below-market assumable financing, immediate income potential, future value-add possibilities, and a prime Northwest DC location are exceptionally rare. Whether your strategy is cash flow, long-term appreciation, or both, this property offers a compelling investment opportunity in one of Washington, DC's most sought-after rental markets.
Location
State DC
County Washington
Zoning RA-1
Rooms
Basement Partially Finished
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Brick/Mortar, Concrete Perimeter
Above Ground Finished SqFt 3208
Sewer Public Sewer
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 3304//0080
Ownership Fee Simple
SqFt Source 4113
Acceptable Financing Cash, FHA, Conventional
Listing Terms Cash, FHA, Conventional
Financing Cash,FHA,Conventional
Special Listing Condition Standard
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