That area is still pretty rough. I rented an apartment at N. Cap and R NE from June 2008- June 2009, I came home on more than one occasion to find the whole block closed off with police tape. Plus I came out one morning to find stray bullet holes in my car. No lie.

Good deal, unless there are unseen issues. I’d bet it settles for $425 – $450k. It’s has central A/C, so all you do is update kitchen, baths, and upstairs hardwoods. Maybe spend a couple grand downstairs.

If someone put 10% down, that means they’ve got about a $2700 note. The basement would surely rent for $1600 or $1700, so their housing expense would be around $1000/month. They could update immediately, or over a 2 – 3 year period. Figure the only thing you’d really need to do first up is the hardwood upstairs/refinish downstairs. So maybe they show up with a $10k budget for that and misc sprucing/repairs. Everything else can wait.

I live on North Capitol a few blocks up the street and I have been watching this property closely. I can say all the talk about road noise, crime, and general danger is mostly overblown. Though, the closer you get to North Cap and Florida, the less comfortable it gets. I would say that this house is out of my comfort zone, personally. I also wouldnt want to be on North Cap, where the street is at-grade. There’s also no parking, which similarly priced places have in the area.

Though, considering it does have A/C – I wonder if there’s not something wrong with it. It has sat on the market for while and sat on the market last year for a while too. I suspect, given how carefully the pictures are taken, that there might be some significant issue.

I think, unless there’s something significantly wrong with it, it will sell for mid-400s, but I think its pretty likely that it wont ever sell due to some issue we dont know about.

it is noisier in the above grade section of N Cap, but also closer to the metro. i second the previous poster’s thought that the basement will rent for $1700 w/ no further investment. i rent out a 3 bed a few blocks from here for $2100 and follow the neighborhood rents closely. it is not a bad little house. if you get sick of it in a few years, you could always rent the upstairs out for $2200 or so and make a little money while covering the payments. rents are going up, in few years you could probably make a decent profit renting this out.