"THE OPPORTUNITY 4261 Edson Place NE presents a rare opportunity to acquire a four-unit multifamily building in the Deanwood/Benning Ridge area of Northeast Washington, DC. The property consists of four 3BR/1BA units, currently 75% occupied with an average in-place rent of $1,971. This asset is well-positioned for either an investor… Read More seeking immediate cash flow with long-term upside or an owner-occupant looking to offset housing costs through rental income from additional units. RENT CONTROL EXEMPT As a four-unit building, 4261 Edson Place NE qualifies for DC's rent control exemption for first-time multifamily owners. This exemption allows for market-based rent increases, offering greater flexibility and long-term income growth. For smaller investors, this designation provides a significant strategic advantage over larger, regulated assets. IDEAL FOR OWNER-OCCUPANT With one of the four units currently vacant, the property is well-suited for an owner-occupant buyer. Living in one unit while collecting rent from the remaining three offers an efficient path to reduce monthly housing expenses and build equity in a fast-evolving DC submarket. FAMILY-SIZED FLOORPLANS Each unit features three bedrooms and one bathroom, offering spacious layouts that appeal to families and long-term tenants. The larger floorplans support higher per-unit income and help meet ongoing demand for affordable, multi-bedroom housing across Northeast DC. TRANSIT-ACCESSIBLE, PARK-ADJACENT LOCATION The property is located just a 9-minute walk from the Minnesota Avenue Metro Station (Orange Line), providing direct access to downtown DC, Capitol Hill, and surrounding neighborhoods. It also sits immediately adjacent to Fort Mahan Park, offering green space and recreational opportunities. Kelly Miller Middle School is just 0.6 miles away, making the location especially attractive to families with school-aged children." Read Less
Courtesy of Ari Firoozabadi, Greysteel Company LLC 202-280-2722
Listing Snapshot
Days Online
117
Last Updated
Property Type
Quadruplex
Square Ft.
2,310
Lot Size
0.06 Acres
Year Built
1950
MLS Number
DCDC2241104
Additional Details
Building
Built in 1950, Living area: 2310, Construction Materials: Brick
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