4230 6th St SE - Turnkey 5-Unit Multifamily 7.7% Cap Rate Investor-ready opportunity in Congress Heights, DC. This fully renovated 5-unit building delivers immediate income with minimal maintenance and strong upside potential. 1f4ca; Financial Highlights NOI: $79,848 (Pro Forma 2025) Cap Rate: 9.4% at $850,000 ask Gross Income: $96,000 annually… Read More Unit Mix: 5 X 2BR/1BA ( 625 SF each) Avg Rent: $1,600/month per unit DSCR: 1.31 (25-yr amortization at 3.25%) Stabilized Value: $1.14M (5.75% cap) 1f3e0; Unit Details Floorplans: Each unit offers 2 spacious bedrooms, 1 full bath, and approx. 625 SF of living space. Kitchens: Galley-style layouts with new stainless steel appliances, modern cabinetry, and updated countertops. Living Areas: Bright, open layouts with LVP flooring, large windows, and 9' ceilings. Bathrooms: Renovated with contemporary tile, updated fixtures, and vanities. In-Unit Laundry: Each unit includes full-size washer/dryer. HVAC: Central heating & cooling in every apartment. 1f3Xfe0f; Property Highlights Built in 1953 Fully renovated in 2022 Brick construction Flat built-up roof Low operating expenses ( $27K annually) Walkout basement foundation 1f4cd; Location Benefits Prime Congress Heights corridor near Metro Green Line, I-295/I-495, St. Elizabeths Campus, and the Entertainment & Sports Arena. Tenants benefit from proximity to transit, retail, schools, hospitals, and parks. Strong demand and continued growth from neighborhood revitalization. 1f4bc; Investor Incentive Seller will pay both sides of transfer & recordation taxes with ratified contract closing in 30 days. 1f4c8; Ideal for 1031 exchange buyers, cash-flow investors, or out-of-state landlords seeking turnkey multifamily assets in DC. Read Less
Courtesy of DANNY LEUNG, Century 21 Redwood Realty [email protected]
Listing Snapshot
Days Online
3
Last Updated
Property Type
Five Or More Units
Square Ft.
3,236
Lot Size
0.15 Acres
Year Built
1953
MLS Number
DCDC2216376
30 Days Snapshot Of 20032
$286k
-18%
(avg) sold price
11
+57%
homes sold
57
+72%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
3,236 net sqft, 3,236 total building sqft, Built in 1953, Clear Span Ceiling Height: 8' to 10', Major renovation in 2022, 5 units in building, 3 levels in building, Brick
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 .
Confirm your time
Fill in your details and we will contact you to confirm a time.