HOT DC Flip market in Brookland

3123 15th St NE, Washington, DC 20017

Brookland Detached Corner-Lot Flip Opportunity

Closing: June 26 or sooner
Access: On lockbox
Price: $465,000
Buy Now: $470,000
ARV: $700,000
EMD: Required
Terms: Sold as-is

Deal Snapshot

Why This Deal Works

3123 15th St NE gives you a detached Brookland corner-lot setup at a clean basis with a clear value-add path.

• Priced at $465K, well below the $574,300 tax assessment
• Detached Cape Cod in the Brookland / NE corridor
• Corner lot with future expansion upside
• 1,500 total sqft with a finished lower level
• Finished basement with outside entrance
• Lower level supports legal bedroom upside with egress
• New HVAC already in place
• Newer roof installed last year
• Hardwood floors have already been sanded
• Strong flip market with multiple exit angles

Brookland continues to benefit from buyer demand, development activity, and long-term NE corridor momentum. At this basis, you have room to execute a clean renovation, reposition the layout, and push toward a strong retail exit.

Property Overview

3123 15th St NE is a detached Cape Cod in Brookland with a finished basement, outside entrance, and corner-lot placement. The house has a functional layout across both levels, with the lower level adding real usable square footage instead of just storage or utility space.

This is a straightforward DC value-add play with strong fundamentals: detached profile, below-assessment pricing, finished lower level, and expansion upside.

Condition

Interior

• Clean overall presentation
• Painted within the last 2 years
• Hardwood floors already sanded
• Functional kitchen with Formica counters
• Finished lower level with usable living space
• Layout supports a clean cosmetic renovation path

Systems

• New HVAC
• Newer roof installed last year
• Central A/C and heat in place
• Major systems show better than a typical full-rehab setup

Exterior

• Detached single-family setup
• Corner-lot placement
• Strong retail curb appeal potential
• Lot profile supports future expansion consideration

Detailed Scope by Area

Living Areas

• Hardwood floors already in place
• Good natural light
• Clean layout
• Straightforward finish upside

Kitchen

• Functional existing footprint
• Formica counters installed approximately 4 years ago
• Clear cosmetic upgrade path

Bathrooms

• 2 full bathrooms already in place
• Functional setup across both levels

Bedrooms

• Strong utility between the main level and lower level
• Lower level creates added bedroom upside once egress is addressed

Basement

• Fully finished lower level
• Outside entrance
• Real usable square footage
• Setup supports a legal 4th bedroom with the addition of an egress window

Exterior / Site

• Corner lot adds value
• Detached-home profile strengthens the retail story
• Site position supports future expansion consideration

Exit Strategy

Primary Exit: Flip

Best fit. Renovate the property, address egress for the lower-level bedroom, improve finishes, and position the home toward a $700K ARV.

Secondary Exit: Wholetail

Strong secondary angle given the detached Brookland location, newer systems, and below-assessment pricing.

Rental / Buy-and-Hold

Possible rental play. The previous owner used the property as a rental, and the finished lower level adds flexibility. Section 8 could be a strong angle for the right operator.

ARV Positioning

The ARV is best marketed at $700,000.

Supporting sales include:

Position this as a Brookland detached-home value play with expansion upside, finished lower-level utility, and a strong acquisition basis.

Key Features

• Detached Brookland Cape Cod
• Corner lot
• Finished basement
• Basement outside entrance
• Central A/C and heat
• New HVAC
• Newer roof
• Hardwood floors already sanded
• Legal bedroom upside in lower level with egress
• Below tax assessment
• On lockbox

Terms

• Closing June 26 or sooner
• On lockbox
• EMD required
• Sold as-is