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2241 40th Pl NW, Washington, DC, 20007

4beds
--baths
3,648sqft
$1,797,000
$493price/sqft
$10,829/moest. monthly cost
$433,160/yrincome needed

About This Home

Prime Glover Park fourplex offering a rare combination of turnkey income, long‑term stability, and future redevelopment potential in one of Northwest DC’s most desirable residential corridors. This fully updated 4‑unit building features four spacious 1‑bedroom residences, each modernized with renovated kitchens, refreshed baths, hardwood floors, upgraded systems, and efficient layouts that maximize rentability. The property has been exceptionally maintained, delivering investors a low‑maintenance asset from day one. Situated on a 5,274 sq ft corner lot, the site offers excellent long‑term upside for buyers exploring expansion, reconfiguration, or redevelopment under favorable zoning characteristics (buyer to verify). Strong rental demand, walkability, and proximity to Wisconsin Ave, Stoddert Elementary, parks, retail, and transit make this an ideal hold for both seasoned investors and owner‑occupants seeking income support. A rare opportunity to secure a stabilized, well‑kept multifamily asset in a supply‑constrained neighborhood with meaningful future potential. Sale is subject to a 1031 Tax Exchange.

Getting Around

44
WalkingCar-Dependent
0
TransitVery Limited Transit
61
BikeBikeable

Schools

9/10
9/10
Hardy Middle SchoolGrades 6-80.7 mi
5/10
MacArthur High SchoolGrades 9-101.0 mi

Construction

Condition

  • Year built: 1933

Materials

  • Construction materials: Brick

Notable Dates

  • Major remodel year: 2014

Type & Style

  • Home type: MultiFamily
  • Architectural style: Colonial
  • Property subType: Quadruplex

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 4

Heating & Cooling

  • Heating features: Forced Air,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 3,648
  • Total interior livable area: 3,648 sqft

Property

Accessibility

  • Accessibility features: Other

Details

  • Parcel number: 1317//0012
  • Zoning: R
  • Special condition: Standard

Features

  • Pool features: None

Lot

  • Lot size: 5,274 sqft
  • Features: Unknown Soil Type

Parking

  • Parking features: Private,Alley Access

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Lightning
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters Across District of Columbia Counties

Other

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $9,086$109,032
Home Insurance *$185$2,220
Property Taxes $1,256$15,072
Electricity $302$3,628
Total$10,829$129,948
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$371,280/yr
40% on housing$324,870/yr
45% on housing$288,773/yr

District of Columbia FAIR Plan Programs

District of Columbia Property Insurance Facility

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.4%
7.4%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$493This listing

vs Other Active Listings

Avg $/sqft

ZIP 20007$846
District of Columbia$599

vs Homes Sold Last Month

Median $/sqft

ZIP 20007$637
District of Columbia$394

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-05Listed for sale$1,797,000
2023-01-28Listing removed$2,295,000
2022-11-30Listed for sale$2,295,000
2021-03-24Listing removed--
2017-06-14Listing removed$1,850
2017-05-26Listed for rent$1,850

For Sale by Agent

AgentRicardo Bolanos
BrokerageSolutions Realty Group LLC

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