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909 R St. NW

Listed sale price: $1,295,000

Proposed 2006 taxable assessment: $650,450

Square footage: 2,967

This four-level, six-bedroom Shaw Victorian, which includes two rental units, is the ideal fixer-upper. Go back and refinish the “fully finished” linoleum-clad basement. Rip out the cream-colored carpet, stained in places, that blankets the house and install new hardwood floors. Cut a few links off the first level’s low dining-room chandelier so it’s no longer a threat to your head. Upgrade the second-floor bathroom by replacing the unsightly wood-paneled sink and tossing out the rusted shower massager. Worried about coming up with the money to make these changes? That’s where the rental checks come in.—

Art accompanying story in the printed newspaper is not available in this archive: Photograph by Darrow Montgomery.