"THE OPPORTUNITY 2506 N Street SE presents a four-unit multifamily opportunity in the Randle Highlands neighborhood of Southeast Washington, DC. The property includes a well-balanced unit mix of two 2BR/1BA units and two 3BR/1BA units. Currently 75% occupied with an average in-place rent of $1,800, the property is ideal for… Read More both investors and owner-occupants looking to build equity in a growing submarket. RENT CONTROL EXEMPT As a four-unit property, 2506 N Street SE qualifies for DC's rent control exemption for first-time multifamily owners. This status allows for market-based rent increases, providing greater flexibility in rent strategy and income growth than larger, rent-controlled assets. IDEAL FOR OWNER-OCCUPANT With one of the four units currently vacant, the property presents an excellent opportunity for an owner-occupant to live on-site while collecting income from the remaining units. This approach provides a cost-effective path to homeownership while benefiting from steady rental income and long-term appreciation. DIVERSE, RENTABLE UNIT MIX The unit mix of two 2BR and two 3BR layouts supports broad tenant appeal, from smaller households to larger families or roommate groups. Spacious floorplans offer a competitive advantage in a rental market where demand for affordable multi-bedroom housing remains high. ACCESS TO PARKS AND OUTDOOR SPACE The property is located immediately adjacent to River Park and just a four-minute walk to Fort Dupont Park, one of DC's largest and most historic green spaces. These amenities offer significant appeal to renters seeking outdoor access and family-friendly environments within city limits. WELL-SERVED BY TRANSIT 2506 N Street SE is located along the C31 Metrobus route, which connects to both Navy Yard and Capitol Heights Metro Stations. This direct link to major transit hubs and employment centers enhances the property's accessibility and long-term rental demand." Read Less
Courtesy of Ari Firoozabadi, Greysteel Company LLC 202-280-2722
Listing Snapshot
Days Online
113
Last Updated
Property Type
Quadruplex
Square Ft.
3,480
Lot Size
0.07 Acres
Year Built
1941
MLS Number
DCDC2241352
Additional Details
Building
Built in 1941, Living area: 3480, Construction Materials: Stucco
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.