ESTATE SALE!!

662 Jefferson St NE Washington, DC 20011

662 Jefferson St NE, Washington, DC, 20011
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FOR SALE
Property Type:
Other Hospitality
Amount:
$410,000
Last Verified:
Jun 19, 2025

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Highlights

  • PROPERTY HIGHLIGHTS**:
  • • Solid Brick Construction (1951)
  • • 2 Stories + Finished Basement
  • • 1,088 sq ft Living Area + 544 sq ft Basement
  • • 3 Bedrooms / 2 Baths
  • • 2,750 sq ft Lot
  • • R-2 Zoning
  • • Excellent Bone Structure for Renovation

Description

TWO PERFECT PATHS TO PROFIT**:

1. **FIX & FLIP INVESTORS**:
- Purchase + Strategic Renovation = Significant ROI

2. **OWNER-OCCUPANT RENOVATION**:
- Perfect for FHA 203K or Conventional Renovation Loans
- Live in One of DC’s Most Desirable Neighborhoods

**RIGGS PARK COMMUNITY HIGHLIGHTS**:
• Thriving Northeast DC Neighborhood
• Minutes to Fort Totten Metro (Red/Green/Yellow Lines)
• Proximity to Catholic University
• Close to Shopping at Riggs Road & South Dakota Avenue

**MARKET TRENDS**:
Riggs Park has seen consistent appreciation with:
• 12% Average Annual Price Growth
• Strong Demand from Both Investors & Homeowners
• Limited Inventory of Renovation Opportunities
• Growing Young Professional Population
• Major Development Projects Nearby

Located in the vibrant community of Riggs Park, this property offers an attractive investment opportunity in a thriving commercial district. Riggs Park is conveniently situated near the bustling retail and dining scene of Fort Totten and Takoma, making it an ideal location for an Office / Office Building investor. With its proximity to major transportation routes and the upcoming redevelopment plans for nearby urban spaces, the area offers promising potential for growth and development. Nearby points of interest include the Fort Totten Metro station, Art Place at Fort Totten, and the diversity of local shops and eateries, providing a compelling draw for businesses and employees alike.


Year Built: 1951
Building Size: 1088sq ft
Lot Size: 0.06 acres

Map of 662 Jefferson St NE, Washington, DC, 20011

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.