UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,488 sqft
Price per Sqft $143
MLS Listing ID DCDC2206812
Style Traditional
Abv Grd Liv Area 2,448
Year Built 1929
Annual Tax Amount $5,363
Tax Year 2024
Lot Size 2,256 Sqft
Acres 0.05
Property Sub-Type Detached
Source BRIGHT
Property Description
Each unit includes a private kitchen, and the building holds a valid Certificate of Occupancy for four units, ensuring legal compliance and flexibility. With potential rents of \$1,500 per unit, the property offers an excellent path to achieving an 8% or higher CAP rate once stabilized.
Major systems—including the roof, electrical, and plumbing—were replaced in 2019, so the building now only needs interior cosmetic renovations. There's also ample space for expansion, adding even more long-term upside.
Located just one block from Martin Luther King Jr. Avenue, three blocks from the Anacostia Gateway, and near the future Anacostia Arts & Business District and I-295, this property sits in a rapidly growing neighborhood with tremendous rental demand.
Sold strictly as is. Owner will make no repairs.
Don't miss this opportunity to unlock serious value and long-term returns in one of DC's most promising neighborhoods!
Location
State DC
County Washington
Zoning R-3
Interior
Interior Features Bathroom - Tub Shower, Entry Level Bedroom
Hot Water None
Heating None
Cooling None
Flooring Carpet, Hardwood
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Natural Gas Available, Sewer Available, Water Available
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Above Ground Finished SqFt 2448
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5766//0810
Ownership Fee Simple
SqFt Source 3488
Security Features Main Entrance Lock
Acceptable Financing Cash, Private
Listing Terms Cash, Private
Financing Cash,Private
Special Listing Condition Standard
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William Mercogliano III
Broker Associate | License ID: 0893537
Broker Associate License ID: 0893537
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