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Trinidad Market: Prices & Values On a 2 Year Burst

Trinidad Market: Prices & Values On a 2 Year Burst

UrbanLand Company
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The Trinidad real estate market is on a healthy increase in housing values and prices in the last 2 years. Since 2014, average prices for homes sold in the neighborhood have risen from $367,782 to a 2016 average of $469,854. The statistics include single family homes, condominiums and multi-unit building sales.

Home buyers and investors have been taking homes and buildings off the market. There’s been 75 home sales this year in the neighborhood, and a good number of those sales are multi-unit building investors. The reasons are obvious for the neighborhood’s growth. The neighborhood is in a prime spot just East of H Street’s development and nightlife corridor.  The DC Streetcar has a stop right nearby.

“There’s a ton of multi-family target properties for the beginning investor wanting to get in at lower prices,” said DiRuggiero. “These are 2 – 4 unit buildings that are a great foundation to make income while living in one of the units. Some of the buildings are prime targets for FHA 203K renovation loans to fund the needed updates.”

“Trinidad is a great quick case study on the potential for value appreciation in the short-term when you buy strategically in an emerging neighborhood,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “The statistics are just another reason why we purchased a building for our 2nd DC real estate office off of Bladensburg Road, NE.”

UrbanLand Company’s second DC office is currently making big progress on it’s build-out and conversion. The former industrial space (over 2,000 sq. ft.!) is past it’s close-in inspection and insulation and drywall are doing in soon. The space will be used as a realtor headquarters for Northeast and Prince George’s County, Maryland and additional Workshops space for our popular First Time Buyer Workshops. The address is 1020 Bladensburg Road, NE.


Neighborhood market data is available below.

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