Real Estate - Shirin Benamadi

Property Overview

Engel & Völkers Washington DC is pleased to present 1072 Thomas Jefferson Street, NW. Located in the heart of Georgetown, this premier 7,325 square foot property was originally built in 1812 and redeveloped in 2014 to include a newly constructed four-story, six-unit apartment building behind the meticulous transformation of the historic building into two upscale apartment units.

Strategically located in one of Washington, DC’s most desirable and high-growth submarkets, this fully leased property is surrounded by a dynamic mix of top-tier retail, dining, and entertainment venues ensuring strong foot traffic and sustained demand. Its unbeatable positioning in one of the most sought-after submarkets makes it an exceptional investment opportunity in a high-demand rental market.

Georgetown

Submarket
8

Units
MU-12

Zoning
7,325

Gross Square Footage

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Property Exterior

History of the Adams-Mason Houses

Located in historic Georgetown between the C&O Canal and M Street NW, the Adams-Mason Houses present a rare opportunity to own a distinguished piece of Washington, D.C.'s architectural heritage. This historic landmark consists of two Federal-style row houses at 1072 and 1076 Thomas Jefferson Street NW, offering both residential and commercial potential.

The Adams-Mason House, completed by Thomas Adams between 1810-1812, is one of the last remaining clapboard houses in the neighborhood, making it a unique and sought-after asset. Unlike its surrounding structures, including 1076, which features a brick exterior, 1072 showcases historic wood siding, a gable roof with a dormer, and two-and-a-half floors of distinctive character. Connected via a central brick addition dating to the early 20th century, these properties tell the story of DC’s early development.

Originally acquired by carriage maker George W. Mason in the late 19th century, the Mason family retained ownership until the 1960s. Today, 1072 contains eight residential rental units, providing steady income potential while 1076 houses the renowned Hartman-Cox Architects, an established Washington firm.

The Adams-Mason Houses are contributing properties to the Georgetown Historic District and are listed on the District of Columbia Inventory of Historic Sites. Their preservation ensures continued appreciation, offering a tangible connection to the architectural evolution and urban growth of Georgetown and Washington, DC.

Property Interior

Floor Plans

Aerial Configuration

Cornerstone Investment Opportunity

Georgetown

Georgetown was founded in 1751 in the Province of Maryland predating the establishment of the federal district and the city of Washington by 40 years. It was an important colonial port city because ocean going boats could navigate the Potomac River. Georgetown remained a separate municipality until 1871 when the US Congress created a new consolidated government for the whole District of Columbia.

Internationally renowned Georgetown University was founded in 1789 by the Jesuit order of the Catholic Church and is the oldest school of its kind in the United States. It has grown into a major institution best known for its Medical Center as well as the Schools of Foreign Service, Business, and Law.

The housing stock is predominantly row houses in both Federal and Victorian styles some of which date back to the late 1700s as well as fair number of large, detached homes on significant lots. A long list of notable people have called Georgetown home including Thomas Jefferson, Francis Scott Key, Jacqueline and John F. Kennedy, Elizabeth Taylor, Madeleine Albright, and John Kerry.
Coveted Georgetown Location

Nestled in the heart of Georgetown, this fully tenanted property presents an unmatched investment opportunity in one of Washington, DC's most sought-after neighborhoods. It is one of only a handful of privately-held properties in Georgetown offering investors 8 units and has a monthly rent roll of approximately $28,000. The exceptional location near Georgetown University, George Washington University, and the Diplomatic Missions and offices at Washington Harbour ensures a strong and consistent demand for long- and short-term rentals. The neighborhood’s historic charm, well-preserved architecture, and vibrant business district make it a premier destination for both residents and investors. With a Walk Score of 98, ("Walker’s Paradise"), tenants enjoy unparalleled convenience, further enhancing the property’s appeal and long-term value.
Renovated Property with Historic Charm

Redeveloped in 2014, this property effortlessly combines historic charm with contemporary upgrades. The rear section of the lot now boasts a recently built four-story residential building featuring six well-designed units: two studio apartments, two one-bedroom/one-bath duplexes, and two one-bedroom/one-and-a-half bath duplexes. Each unit offers keyless entry, central heating and cooling, in-unit laundry, ample natural light, hardwood floors, granite countertops, and stainless steel appliances. The front portion, originally a commercial building, has been transformed into two spacious residences—one with four bedrooms and two baths and the other with three bedrooms and two-and-a-half baths.
Proximity to Premier Retail, Dining, and the Iconic Washington Harbour

Positioned moments away from M Street, Wisconsin Avenue, and the C&O Canal, this property offers residents direct access to over 470 retail, dining, and entertainment options solidifying Georgetown’s reputation as one of the top shopping districts in the country. The property is adjacent to the recently reopened three-story Barnes & Noble and across the street from the Graham Hotel. Residents can indulge in fine dining at DC’s most exclusive restaurants or enjoy outdoor activities at Thompson Boat Center which offers kayak, canoe, and paddleboard rentals. Just one block from Georgetown Waterfront Park, the property also provides easy access to the Capital Crescent Trail and scenic green spaces along the banks of Potomac River making it an ideal blend of urban convenience and natural beauty.

Strong Local Demographics

Strategic Captial Region Investment

The Washington, DC metropolitan area is an attractive investment destination due to its growing population of over 6.3 million and a median household income of around $103,000 which significantly higher than the national average. The area’s diverse local economy is fueled by robust government, technology, and healthcare sectors. Ongoing infrastructure projects including transit expansions and urban development initiatives provide compelling opportunities for investors looking for long-term growth and profitability.

Georgetown Rental Market Statistics

Georgetown offers a distinctive rental market characterized by higher-than-average rents compared to both national and city standards. One-bedroom rents often exceed $3,000 while the average for DC is $2,300. Offering a unique blend of historic architecture, proximity to the Potomac River, and a vibrant commercial district along M Street & Wisconsin Avenue, Georgetown enjoys generally lower vacancy rates as compared to other areas in the city.

Exceptionally High Property Values

Georgetown is among Washington, DC's most prestigious neighborhoods, known for its vibrant commerce and upscale real estate. As of February 2025, the median home sale in Georgetown was approximately $1,500,000. In the past 3 years, more than 60 Georgetown homes have sold for over $4,000,000.

Employment Opportunities

Georgetown boasts a dynamic employment landscape characterized by a blend of educational institutions, healthcare facilities, and a variety of businesses. Georgetown University employs nearly 4,000 people while an additional 13,000 are employed by its MedStar Hospital or within the Georgetown Business Improvement District.

Stable Population

Georgetown has a population of approximately 27,000 residents and is the oldest continually inhabited part of the city. Its stability stems from its location, historic character, limited housing availability, and zoning regulations that restrict new large-scale developments. Consequently, while other parts of the city have experienced notable changes, Georgetown's character and population remain stable.

Strong Neighborhood Demographics

The average household income in Georgetown is over $200,000. This is significantly higher than the national average household income of $80,000.

Additionally, the Washington, DC metropolitan area is the most educated region in the United States with over 60% of residents aged 25 and over holding at least a bachelor's degree. Within Georgetown, that number is notably higher at approximately 87% of residents.

Perfect Georgetown Location

GET MORE INFORMATION

Shirin Benamadi

+1(202) 288-3676

shirin.benamadi@evrealestate.com

Shirin Benamadi Advisor

Shirin is a dynamic real estate advisor with a unique background spanning from Washington, D.C. to international locales like Algeria, Dubai, Lebanon, and Morocco. She has experience in finance and entrepreneurship, including founding KenziBox, and brings a diverse skill set to her role. A native Washingtonian licensed in DC, Maryland and Virginia, she has lived in many local neighborhoods and brings an invaluable hometown perspective to the table. Shirin identifies as a Third Culture Kid and draws from her international and DC networks to put her clients at ease and guide them to success. She was named Rookie of the Year in her first year in real estate, and her commitment and dedication to providing white-glove service to her clients has only grown. Shirin's passion for creating memorable experiences extends beyond her real estate clients as evident in her love for painting, extensive travels, and crafting special birthday cakes for her children. She speaks fluent French and some Arabic, allowing her to help a multitude of home buyers and sellers. She is proud to be a part of Engel & Völkers, a global brand known for its integrity and assurance that every client receives top-tier care.

Tom Spier Broker

Tom is a License Partner and the Broker of Engel & Völkers Washington DC and is an active Real Estate Advisor for the company. He holds broker licenses in Washington, DC, Maryland, and Virginia and with nearly 25 years of experience as a full-time Realtor, he knows the DC metro area like the back of his hand. Originally from Buffalo, NY, Tom started his professional career working as a certified public accountant for an international public accounting firm. He later worked in private accounting where he specialized in the restructuring of distressed manufacturing companies and then became the controller for a large local restaurant group. Prior to joining Engel & Völkers, Tom ran GreenLine Real Estate for 11 years with co-founder Phil Di Ruggiero. He has earned numerous awards for distinguished service and production, first at Weichert Realtors and then with Long & Foster Real Estate. He has extensive experience in the renovation of residential and investment properties and prides himself on delivering exceptional service to his clients. Real estate investing has been one of Tom’s passions throughout his career. Tom currently lives in Mount Pleasant, and he enjoys traveling and spending time with his wife and two children exploring new places in the city. He is proud to align himself with Engel & Völkers, a global brand known for its high level of integrity, state-of-the-art technology, innovative marketing tools, and luxury customer experience.

1072 Thomas Jefferson Street, NW

GEORGETOWN | WASHINGTON , DC