968 Mount Olivet Rd NE presents a prime value-add opportunity in the heart of Ivy City, one of D. C. ’s most rapidly evolving neighborhoods. This three-unit multifamily property offers three one-bedroom units totaling approximately 1,352 rentable square feet on a 0.03-acre parcel (Property Class Code 023). Strategically located just minutes from Union Market, NoMa-Gallaudet, and Union Station, the property provides excellent access to public transportation and major commuter routes. With the Washington Commanders returning to a new stadium just 2.6 miles away, the surrounding area is poised for a surge in economic activity, infrastructure investment, and long-term appreciation, further enhancing the upside of this investment. In a submarket with a median household income of $107,000 and a vacancy rate of just 3.33%, 968 Mount Olivet offers strong rental demand with the potential for increased cash flow through targeted improvements. Ideal for investors looking to renovate and capture growth in a thriving, centrally located corridor of Washington, D. C.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
1,352 Sq. Ft.
Year renovated
—
Sq. Ft.
1,120
Year built
1951
Style
Multi-Family (2-4 Unit)
County
District of Columbia
APN
4039 0809
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 24, 2026.
RF-1
Residential Flat Zone 1
The purpose of the RF-1 zone is to provide for areas predominantly developed with row houses on small lots within which no more than two dwelling units are permitted.
Permitted uses
Include but are not limited to:
Agriculture
Religious facility
Healthcare
Housing-Single unit
Housing-Multiple units
Housing-Student
Public service
Educational/school
Library
Recreation
Property details
Parking
Parking Information
Off Street
Interior
Interior Information
Appliances: Oven/Range - Gas, Refrigerator
Interior Features: Window Treatments, Other
Living Area Sq.Ft. Source: Estimated
Basement Information
Basement: No
Multi Unit Information
# of Single Room Units: 3
# of One Bedroom Units: 3
# of Units Leased: 2
Vacancy Allowance Rate: 3.33
Income Includes: Apartment Rentals, Concessions
Exterior
Property Information
Accessibility Features: Level Entry - Main
Improvement Assessed Value: $36,243
Ownership Interest: Fee Simple
Year Built Source: Estimated
Building Information
# of Units (Total): 3
Construction Materials: Brick
Other Structures: Above Grade
Roof: Metal
Window Features: Casement, Storm
Exterior Information
Fire Escape
Lot Information
Lot Features: Other
Tidal Water: No
Land Information
Land Assessed Value: $22,065
Soil Types: Urban Land-Sassafras-Chillum
Above Grade Information
Finished Sq.Ft.: 1,680
Finished Sq.Ft. Source: Estimated
Financial
Tax Information
City/Town Tax: $898
Tax Assessed Value: $58,308
Tax Year: 1996
Tax Annual Amount: $898
Assessments Information
Year Assessed: 1996
Lease Information
Existing Lease Type: Month to Month
Rental Information
Rent Control: Yes
Utilities
Utilities Information
Radiator
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Location
School Information
School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
School District Source: Listing Agent
Location Information
In City Limits
Directions: See Google Maps
Transportation: Metro/Subway Station less than 1 mile
Public facts
Beds: 3
Baths: 3.0
Sq. Ft.: 1,120
Stories: 3.0
Lot Size: 1,352 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1951
Year Renovated: —
County: District of Columbia
APN: 4039 0809
Home facts updated by county records on Sep 24, 2026
Around this home
Schools
Wheatley Education Campus
Public PreK-8 • Assigned • 0.6mi
4/10
Dunbar High School
Public 9-12 • Assigned • 1.3mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
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