Two new condos in a converted rowhouse at 475 New York Ave. NW in Washington are listing for under $400,000. (HomeVisit)

When the rowhouse at 465 New York Ave. NW in Washington was slated for demolition to make room for a new hotel, Gary Cohen and his partners at Willco Residential saw its potential and decided to save it.

The rowhouse — the former home of Thomas Martin, one of the longest-serving black doctors in the city and one of the first graduates of Howard University Medical School — was moved to the opposite side of its lot (to 475 New York Ave.). Now known as T. Martin Lofts, the building has seven condos, six of them one-bedroom units.

The two smallest condos are priced under the $400,000 threshold, a common budget for buyers looking for an affordable place in the District.

“The rowhouse was built in 1906 and we were able to keep all the exterior walls when we moved it,” Cohen says. “Because of the nature of the building, we were actually able to do higher ceilings than anticipated, so they’re close to 10 feet high.”

Each unit has an open floor plan, wide-plank hardwood flooring, stainless-steel appliances, gas ranges and Silestone counters. Four of the seven units have a private patio, balcony or roof deck. The penthouse, which has yet to be listed for sale, is the only two-bedroom unit and has 1,430 square feet with both a roof deck and a balcony. That unit is estimated to be priced in the $1.2 million to $1.3 million range.

Unit 1, a lower-level condo with 410 square feet, is priced at $399,900 with a monthly fee of $266. Unit 3, on the first floor, is a loft with 470 square feet, one bedroom and one bathroom. This unit is listing for $399,900 and has a condo fee of $262.

For more photos and renderings, click here.

For more information, contact Trent Heminger, executive vice president of Compass, at 202-210-6448 or D’Ann Lanning, a real estate agent with Compass at 951-315-6534.

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