Intel·Signal: Bullish (moderate/10)

This Washington, DC, rowhouse was built during George Washington's presidency. Now it's on the marke

5 sources

1 tier-3

Mar 3

This Washington, DC, rowhouse was built during George Washington's presidency. Now it's on the marke

1317 4th Street SW was built in 1794. Justin Callas/Arume, LLC The homes in Southwest Washington, DC, known as Wheat Row, were built in 1794. One of the properties is now on the market for $1.3 million. The home's features include seven fireplaces and moldings that date back more than 200 years. S

Key Takeaways

1Property at 1317 4th Street SW, part of Wheat Row in Southwest Washington, DC, built in 1794 by James Greenleaf and listed on the National Register of Historic Places [Source 1]
2Current listing price is $1.3 million, handled by agent Eric Stewart of Long & Foster Real Estate; seller is a retired history professor [Source 1]
3Home spans 3,408 square feet across four floors with 12-foot ceilings, hardwood floors, seven fireplaces, over-200-year-old wooden moldings, colonial-style light fixtures, an elevator added in 2005, four bedrooms, two living spaces, four full bathrooms, and one powder room [Source 1]
4Kitchen last renovated in the 1960s, estimated to require $100,000 for modern update or restoration to colonial style [Source 1]
5Historical uses include community services by Barney Neighborhood House in 1940s-50s and reversion to residential via 1960s Harbour Square development; Wheat Row named after 19th-century resident John Wheat [Source 1]

Market Impact

Short-Term

$1.3 million listing price [Source 1]

Medium-Term

Target off-market Wheat Row comparables for portfolio diversification; budget 10-15% of purchase for updates while adhering to historic guidelines to maintain value

Long-Term

Appeals to niche high-net-worth buyers seeking preserved Federalist architecture; institutional interest limited to historic preservation funds or DC-area portfolios valuing cultural assets, but high renovation costs and single-unit nature reduce broad CRE appeal

Risk Factors

High renovation costs for 1960s kitchen and potential historic compliance updates

Medium

Apply for federal historic tax credits covering 20% of qualified rehab expenses via National Park Service application before purchase [Source 1]

Limited buyer pool requiring appreciation for 1794-era living amid modern surroundings

Medium

Target marketing to history professors or DC cultural foundations via agent Eric Stewart for qualified leads [Source 1]

Narrow, compact layout may deter families despite privacy from four floors

Low

Emphasize elevator and high ceilings in showings to highlight spacious feel [Source 1]

Coverage Timeline

First CoverageFeb 24, 2026, 1:54 PM

Peak CoverageFeb 28, 2026, 11:59 PM

Steady

Residential LandSingle-Family Market DynamicsResidential Tax PolicyMarket Fundamentals & OutlooksInventory DynamicsMarket Trends

Sources

1 tracked

Business Insider

tier3

This Washington, DC, rowhouse was built during George Washington's presidency. Now it's on the market for $1.3 million.

End of Intelligence Report · 1 Sources Verified