Investment opportunity! A tremendous chance to purchase, renovate, and stabilize this 4-unit, 1-bedroom/1-bathroom quadruplex in the heart of Anacostia - ideal for investors seeking strong cash flow or developers eyeing a condo conversion. Each unit includes a private kitchen, and the building holds a valid Certificate of Occupancy for four… Read More 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! Read Less
Courtesy of Joe Martin, Keller Williams Capital Properties [email protected]
Listing Snapshot
Days Online
73
Last Updated
Property Type
Single Family Residential
Square Ft.
3,488
Lot Size
0.05 Acres
Year Built
1929
MLS Number
DCDC2206812
30 Days Snapshot Of 20020
$385k
+39%
(avg) sold price
21
+40%
homes sold
62
-32%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
3,488 sqft living area, Built in 1929, Major renovation in 2019, Structure Type: Detached, Wall & Ceiling Types: Dry Wall, 4 units in building, Traditional, Brick
Cooling
Electric, None
Doors
Double Entry
Floors
Carpet, Hardwood
Heating
Natural Gas, None
Interior Features
Bathroom - Tub Shower, Entry Level Bedroom
Lot
2,256 sqft, 0.05 acres
Property
Other Structures: Above Grade, Below Grade, Soil Types: Unknown, 4 one-bedroom units
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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