1533 North Carolina Ave NE is a 3 bed / 1 bath brick rowhome in Kingman Park, one of DC’s most active renovation corridors. This is a Fix and Flip Opportunity with strong resale value and clear upside for an experienced investor
ASK = $510KBuy Now = $525k
Property Snapshot
- Address: 1533 North Carolina Ave NE, Washington, DC 20002
- Configuration: 3 Bed / 1 Bath
- Structure: 2-story brick rowhome
- Year Built: 1925
- Above Grade: 988 SQFT
- Basement: 390 SQFT – unfinished
- Total SQFT: 1,378
- Lot: 1,136 SQFT
- Utilities: Public water & sewer
Condition Overview
- Original hardwood floors
- Unfinished basement with ceiling height suitable for future finishing
- Radiator heat (natural gas)
- No central AC (window units only)
- Roof needs replacement
- Interior requires a full cosmetic + systems update
This is not turnkey. The value is in the location, layout, and price relative to the surrounding retail.
Valuation Context
- Taxable Total Assessment: $593,320
- Annual Taxes: $4,956
Property is priced well below current tax value, creating immediate equity once renovated.
Market Notes
- Located minutes from Lincoln Park, H Street Corridor, Eastern Market, RFK redevelopment, and Metro access
- Area supports strong end-buyer demand for renovated rowhomes
Comps
322 15th St NE – As is, sold for $575k 328 17th St NE – $914,700325 14th Pl NE – $769k1387 North Carolina Ave NE – $1.5m (Larger unit, 4b/3b)
1541 N Carolina Ave NE – $1,108,000 (added Sqft at the back)
ARV = $850K+
Exit Strategies
Flip
- Full renovation targeting modern finishes
- Basement finish can materially increase resale appeal
- Strong buyer pool for renovated 3BR homes in Kingman Park
Terms
- Off-market assignment
- Showings by appointment
- Close by 28 January 2026
- EMD – $10K
Serious buyers only. Numbers work if you know this pocket and execute clean.