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 Joseph Ewing Martin Jr., Keller Williams Capital Properties 202-243-7700
Listing Snapshot
Days Online
81
Last Updated
Property Type
Single Family Residential
Square Ft.
3,488
Lot Size
0.05 Acres
Year Built
1929
MLS Number
DCDC2206812
Additional Details
Building
Built in 1929, Built in 2019 (effective), Living area: 3488, Construction Materials: Brick
Cooling
None
Doors
Double Entry
Accessibility Features
None
Floors
Carpet, Hardwood
Heating
None
Interior Features
Bathroom - Tub Shower, Entry Level Bedroom
Lot
0.05 acres
Property
Below Average, Other structures: Above Grade, Below Grade
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