Navy Yard Homes under $500,000

Navy Yard Homes under $500,000

Welcome to Navy Yard, one of Washington, D.C.’s most vibrant and rapidly evolving neighborhoods! Nestled along the Anacostia River, this thriving subdivision offers a unique blend of urban living and waterfront charm. With its rich history and modern amenities, Navy Yard has become a sought-after destination for homebuyers looking to enjoy the best of city life.

One of the most appealing aspects of Navy Yard is the availability of homes priced under $500,000. This is a remarkable opportunity for first-time buyers, young professionals, and anyone looking to invest in a dynamic area without breaking the bank. The housing options in this price range feature a variety of styles, from contemporary condominiums to charming townhomes, providing plenty of choices to suit different tastes and lifestyles.

Living in Navy Yard means you’ll be surrounded by an array of attractions and conveniences. Enjoy leisurely strolls along the scenic waterfront, indulge in trendy restaurants and cafes, or catch a game at Nationals Park, home of the Washington Nationals. The neighborhood also boasts excellent public transportation options, making it easy to navigate to other parts of the city.

With its vibrant community, cultural hotspots, and affordable housing options, Navy Yard is not just a place to live; it’s a lifestyle. Whether you’re drawn to the lively atmosphere or the stunning river views, this neighborhood is sure to capture your heart. Discover your dream home in Navy Yard today and become part of this exciting community!

Newest Navy Yard Homes under $500,000

801 Virginia Ave Se Unit 203, Washington
$448,500
1 Beds ⋅ 1 Baths
Ideally located where Capitol Hill meets Navy Yard, 801 Virginia Ave SE #203 offers the kind of city living that is increasingly hard to find: generous space, beautiful light, contemporary design, and an exceptional location surrounded by the best of Southeast DC. This spacious, open-plan, one-bedroom residence at Emblem, a boutique condominium completed in 2019, is both stylish and inviting, with floor-to-ceiling windows, wide-plank flooring, and clean-lined finishes. The kitchen is sleek and exceptionally well equipped with stainless steel Bosch appliances, modern cabinetry, and ample workspace. A generously sized bedroom, walk-in closet, and dual-access full bath make the home as practical as it is attractive. Step outside and you are minutes from the restaurants, cafés, and neighborhood energy of Barracks Row, the shops and amenities of Capitol Hill, and the waterfront and entertainment of Navy Yard. Nationals Park is close enough for an easy walk—but well away from the stadium traffic. Whole Foods, the Anacostia Riverwalk, parks, and Metro are all close at hand. Emblem offers the ease of boutique condominium living, with professional management and a dedicated bike room. For those looking for a sophisticated pied-à-terre, a first home, or a well-designed city residence, #203 combines the best of contemporary interiors and one of Southeast DC’s most vibrant, walkable locations. Buyer credit of $500 at settlement for selecting KVS Title for settlement.

801 Virginia Ave Se Unit 203, Washington

Listing courtesy of Compass. Contact:

1000 New Jersey Ave Se Unit 1224, Washington
$474,900
2 Beds ⋅ 1 Baths
Sophisticated Navy Yard living meets a financing opportunity that is increasingly hard to find. This beautifully appointed two-bedroom residence at Capitol Hill Tower offers a private balcony, garage parking, and an underlying mortgage of approximately $145,000 at just 2.89%. That exceptionally low-rate mortgage conveys with the home, reducing the amount a buyer needs to finance conventionally and creating meaningful monthly savings from day one. Inside, soaring 10-foot ceilings and dramatic floor-to-ceiling windows bring a sense of scale and natural light to the open living and dining spaces. Hardwood floors extend throughout, while a private west-facing balcony overlooks the building’s beautifully landscaped interior courtyard, offering a peaceful retreat from the energy of the city. The open kitchen is thoughtfully designed with stainless steel appliances, gas cooking, abundant cabinetry, and generous preparation space, equally suited to everyday living and entertaining. Both bedrooms are generously proportioned with large walk-in closets, while a well-appointed dual-entry bath provides convenient access from both the primary bedroom and hallway. An in-unit washer and dryer completes the home. The monthly co-op fee of $1,609 is notably comprehensive and includes the underlying mortgage payment of approximately $670 per month at 2.89%, association dues of $632 per month, and property taxes of $307 per month. A garage parking license also conveys with the residence, with a separate monthly maintenance fee of $99.47 paid directly to the garage operator. Capitol Hill Tower’s cooperative structure also offers a surprisingly accessible path to ownership. The minimum down payment is just 10%, calculated only on the difference between the purchase price and the underlying mortgage balance. At a $474,900 purchase price with an approximately $145,000 underlying mortgage, the amount subject to the minimum down payment would be $329,900, resulting in a minimum down payment of approximately $32,990. The combination of a lower cash requirement and the assumable 2.89% underlying mortgage creates a compelling alternative to a traditional condominium purchase. For investors, Capitol Hill Tower is equally appealing, with no rental restrictions beyond a six-month minimum lease term. Residents enjoy a full-service amenity experience that includes a 24-hour concierge, newly renovated fitness center, indoor pool and spa, resident lounge and club room, and an expansive landscaped courtyard with water features, gas grills, and multiple gathering spaces. Additional conveniences include an on-site Sweetgreen and complimentary Starbucks coffee bar. Recently refreshed hallways and common areas lend the building a polished, contemporary feel without the premium associated with new construction. And then there is the location. Metro and Whole Foods are just one block away, while Yards Park, Harris Teeter, VIDA Fitness, acclaimed restaurants, neighborhood cafés, shopping, and nightlife are all within a few blocks. At Capitol Hill Tower, sophisticated interiors, exceptional amenities, garage parking, and one of Navy Yard’s most convenient locations come together with a financing structure that is increasingly difficult to replicate.

1000 New Jersey Ave Se Unit 1224, Washington

Listing courtesy of Compass. Contact:

1000 New Jersey Ave Se Unit 1026, Washington
$365,000
1 Beds ⋅ 1 Baths
-Exceptional Value in Capitol Hill Tower — Asking $365,000 with a 2.89% Underlying Mortgage! Take advantage of a financing structure that sets this one-bedroom home apart. The $365,000 asking price includes an underlying mortgage balance of approximately $98,846 at a very attractive 2.89% interest rate, reducing the purchaser’s remaining acquisition price to approximately $266,154. With 10% down on that amount, the fee breakdown estimates a down payment of approximately $26,615. The total monthly co-op payment is $1,094, consisting of $456 toward the underlying mortgage, $209 in DC real estate taxes, and $429 in co-op maintenance fees. Welcome to this inviting one-bedroom residence at Capitol Hill Tower, offering a comfortable layout and the convenience of city living. The open living area features beautiful wood flooring and flows naturally into the kitchen, creating an easy space for everyday living and entertaining. The kitchen is appointed with granite countertops, warm wood cabinetry, stainless-steel appliances, gas cooking, dishwasher, and a breakfast bar overlooking the living area. The spacious bedroom offers a large window providing abundant natural light and ample room for additional furniture and storage. A full bath with a generous vanity and tub/shower combination completes the home. An especially valuable convenience is the in-unit washer and dryer, making everyday living even easier. The HVAC is less than 5 years old. Located at 1000 New Jersey Avenue SE, enjoy the energy and convenience of the Navy Yard/Capitol Hill neighborhood, with Metro access and the restaurants, shops, entertainment, parks, and waterfront attractions of the surrounding area close at hand. A compelling opportunity to own a one-bedroom home with a portion of the purchase financed through an existing underlying mortgage at just 2.89%—a feature that is especially noteworthy in today’s interest-rate environment.

1000 New Jersey Ave Se Unit 1026, Washington

Listing courtesy of Long & Foster Real Estate, Inc.. Contact:

1000 New Jersey Ave Se Unit 515, Washington
$355,000
1 Beds ⋅ 1 Baths
***Seller will pay Property Taxes, Association Fees, and Underlying Mortgage payments for 4 Months ($4,232 Credit paid at Settlement)*** This well maintained 5th Floor 1 Bedroom, 1 Bathroom unit with GARAGE PARKING checks all the boxes! The home features an open floor plan, large floor-to-ceiling windows, maple wood flooring, and an open kitchen with granite counters & gas range! It’s flooded with natural light, has a dual-entry bath, walk-in closet, and convenient in-unit laundry! Building amenities include 24-hour concierge, newly renovated Fitness Center, Indoor Pool & Spa for year-round enjoyment, beautiful resident lounge and club room for entertaining & relaxing, landscaped courtyard with water feature, gas grills and multiple dining/seating areas, On-site Sweetgreen Outpost, and complimentary Starbucks coffee bar. Renovations to resident hallways & common areas were recently completed, providing all the benefits and aesthetic of a brand-new building without the new construction premium! 1 block to Metro & Whole Foods, 2 blocks to Yards Park, HarrisTeeter, Vida, and countless restaurants and bars! One of the major benefits of Capitol Hill Tower in this market is that $95k of the List Price is already financed for you by the Co-op at a ***LOW 2.89% INTEREST RATE***; you only pay/finance $260k! ALL PROPERTY TAXES are also paid through the Co-op ($202/mo). Total monthly payment to Co-op is $1,058 ($415 for Association Fee, $441 for mortgage payment (on the $95k), $202 for property taxes). NO RENTAL RESTRICTIONS for this Co-op aside from minimum 6-month lease! Only 10% down payment required.

1000 New Jersey Ave Se Unit 515, Washington

Listing courtesy of Compass. Contact:

1000 New Jersey Ave Se Unit 815, Washington
$350,000
1 Beds ⋅ 1 Baths
Affordable Luxury in the Heart of Navy Yard! Welcome to Capitol Hill Tower, a full-service, amenity-rich residence where contemporary design meets exceptional urban convenience. Ideally located just a short distance from the U.S. Capitol and only blocks from the Navy Yard Metro, Whole Foods, Garfield Park, Nationals Park, and the vibrant restaurants, shops, and entertainment that define this sought-after neighborhood. Rarely used as a second home, this beautifully maintained 1-bedroom, 1-bath residence offers an inviting open layout filled with natural light. Large windows, hardwood floors, fresh paint throughout, updated lighting and blinds, a new hot water heater and garbage disposal, plus updated kitchen and bath fixtures create a fresh, move-in-ready setting. In-unit laundry and the option for rental garage parking add everyday convenience. Residents of Capitol Hill Tower enjoy an impressive suite of amenities, including 24/7 concierge service, indoor pool, fitness center, community room, and beautifully maintained outdoor spaces—all designed to provide a comfortable, effortless city lifestyle. Adding exceptional value, the property carries an underlying mortgage of $107,906.58, reducing the purchase price and creating a compelling opportunity to own in the heart of Navy Yard at a very attractive entry point. The monthly co-op fee includes property taxes, most utilities, and access to the building’s extensive amenities, offering a convenient and cost-effective ownership experience. With its prime location, thoughtful updates, full-service amenities, and significant underlying mortgage benefit, this is a rare opportunity to enjoy the best of Capitol Hill and Navy Yard at an exceptional value.

1000 New Jersey Ave Se Unit 815, Washington

Listing courtesy of TTR Sotheby's International Realty. Contact:

1000 New Jersey Ave Se Unit PH12, Washington
$349,999
1 Beds ⋅ 1 Baths
PENTHOUSE UNIT featuring 10'+ ceilings, large windows with fantastic city views, bright open kitchen w/ stainless appliances, granite counters, gas cooking and so much more! Meticulously maintained and Move-in Ready! Updates include LG refrigerator & dishwasher, light fixtures and custom window treatments. The Tech-Savvy buyer will love this connected-home featuring smart/connected light switches and nest thermostat. You will fall in love with the luxurious Brazilian cherry wood flooring & cabinetry! Never run short on storage with the Walk-in master closet's Custom Built-ins. In-unit laundry and fantastic building amenities! Building amenities include 24-hour concierge, newly renovated Fitness Center, Indoor Pool & Spa for year-round enjoyment, beautiful resident lounge and club room for entertaining & relaxing, landscaped courtyard with water feature, gas grills and multiple dining/seating areas, On-site Sweetgreen Outpost, and complimentary Starbucks coffee bar. Renovations to resident hallways & common areas were recently completed, providing all the benefits and aesthetic of a brand-new building without the new construction premium! 1 block to Metro & Whole Foods, 2 blocks to Yards Park, HarrisTeeter, Vida, and countless restaurants and bars! One of the major benefits of Capitol Hill Tower in this market is that $158k of the List Price is already financed for you by the Co-op at a ***LOW 2.89% INTEREST RATE***; you only pay/finance $192k! ALL PROPERTY TAXES are also paid through the Co-op ($332/mo). Total monthly payment to Co-op is $1,741 ($684 for Association Fee, $725 for mortgage payment (on the $158k), $332 for property taxes). NO RENTAL RESTRICTIONS for this Co-op aside from minimum 6-month lease! Only 10% down payment required.

1000 New Jersey Ave Se Unit PH12, Washington

Listing courtesy of Compass. Contact:

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