55 P STREET, Washington, DC 20001

Investor’s Dream – Prime Development Opportunity in Truxton Circle! Unlock the potential of this classic two-level rowhouse in the sought-after RF-1 zoned district, offering significant value-add potential in one of Washington, D.C.'s fastest-growing neighborhoods. Whether you're looking for a fix-and-flip project, a buy-and-hold rental investment, or an expansion opportunity, this property is brimming with possibilities. Key Features: 3 Bedrooms | 1 Bath – A well-laid-out floor plan with ample space to reconfigure or modernize. RF-1 Zoning – Potential for conversion into a multi-unit property, maximizing rental income or resale value. Bright and Spacious Layout – Large windows fill the living spaces with natural light, highlighting the home's charm and historic character. Separate Dining Room & Living Area – Ideal for redesigning into an open-concept space or keeping the classic structure. Deep Backyard – Provides off-street parking potential or space for an addition/expansion. Investor Advantages: High Appreciation Area – Truxton Circle continues to see strong appreciation, fueled by its proximity to downtown D.C., Union Market, and major transit hubs. Minutes to Union Station & the Capitol – Perfect for attracting high-income renters or professionals seeking prime access to D.C.'s core. Strong Rental Demand – With D.C.'s robust rental market, a renovated version of this home could command premium rental rates. Opportunity to Build Equity Quickly – Ideal for investors looking to renovate and resell, as surrounding renovated homes have sold for significantly higher prices. Comparable Homes in the Area: Recently renovated rowhouses with similar layouts have sold for over $900K, highlighting the profit potential for a well-executed renovation. Rental properties in the area are leasing for $3,500+ per month, making this an attractive buy-and-hold opportunity. With the right vision and updates, this property can be transformed into a high-value asset—whether you’re planning a full-scale renovation for resale or creating a long-term rental investment. 🔹 Don’t miss out on this lucrative opportunity! Schedule your showing today and bring your contractor or architect to explore the possibilities.