This 1857 brick Victorian at 220 3rd Street SE is a distinctive four-unit apartment building located steps from the U.S. Capitol. With 3,560 square feet carefully configured as four roomy one-bedroom units, the property blends historic character—original hardwood floors and classic radiator heating—with practical, investor-friendly systems: a new TPO roof (2017), front brick repointing (2022) and a fully finished basement that supports storage or additional tenant amenity space. A rare rear off-street parking space on Capitol Hill is a meaningful convenience for tenants and a competitive leasing advantage.
Inside, each unit is appointed with hardwood and ceramic tile flooring and serviced by window-unit cooling. The building’s three stories stack efficiently for steady cash flow; current gross rental income exceeds $9,000 per month when fully occupied, with two units operating as short-term rentals and two on long-term leases — presenting immediate flexibility for a new owner to stabilize or re-tenant for higher long-term yields. Annual taxes (2025) total $14,528 and the property is currently listed at $1,350,000 (about $379/sq ft), priced attractively relative to recent Capitol Hill multi-family sales.
Location here is a core selling point: 0.3 miles to the U.S. Capitol, 0.2 miles to Capitol South Metro, and 0.5 miles to Eastern Market. These walkable connections attract a steady stream of government, nonprofit and private-sector renters who prize short commutes and neighborhood amenities — markets, cafés, cultural institutions and evening dining are all within a short stroll. The Capitol Interest Overlay and RF-1 zoning support multi-family use, but buyers should factor in historic preservation considerations for future exterior work.
For investors or owner-occupiers seeking an entry on Capitol Hill, this building offers a mix of near-term income, modest immediate upside through lease optimization, and longer-term value-add via interior renovations or unit reconfiguration where permitted. Recommended next steps: review current leases and permit history, inspect HVAC/plumbing and the finished basement, and schedule an on-site tour to evaluate renovation potential and tenant turnover timing.