119 53rd St SE Washington, DC 20019
Marshall Heights NeighborhoodEstimated payment $2,369/month
Highlights
- Colonial Architecture
- Forced Air Heating System
- 3-minute walk to Harris Recreation Center
About This Home
Situated in the up-and-coming neighborhood of Marshall Heights, this vacant 4-unit building presents a prime opportunity for developers, investors, or contractors. The property is currently configured with 4 one-bedroom, one-bathroom apartments and needs a complete renovation, offering a variety of potential redevelopment options. Option 1 - Renovate and Rent: Restore the existing units to their full potential and create a steady rental income stream in this rapidly developing area. Option 2 - Convert to Condominiums: With rising demand for homeownership options in the district, the building is a perfect candidate for a condo conversion, allowing for profitable individual unit sales. Option 3 - Create Two Townhouses: The property’s layout provides flexibility to reconfigure the space into two spacious, modern townhouses that will appeal to owner-occupiers or high-end rental markets. Whether you are looking to generate cash flow, flip for profit, or create luxury condos or townhomes, this property offers substantial potential.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952
Lot Details
- 2,533 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 2,340 Sq Ft Home
- Quadruplex
- Colonial Architecture
- Brick Exterior Construction
- Slab Foundation
Schools
- C.W. Harris Elementary School
- Kelly Miller Middle School
- H.D. Woodson High School
Utilities
- Forced Air Heating System
- Natural Gas Water Heater
Community Details
- 4 Units
- Marshall Heights Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
12/10/2024 12/10/24 | Pending | -- | -- | -- |
12/02/2024 12/02/24 | Price Changed | $360,000 | -10.0% | $154 / Sq Ft |
11/14/2024 11/14/24 | For Sale | $400,000 | -- | $171 / Sq Ft |
Source: Bright MLS
MLS Number: DCDC2168258

APN: 5309 0035
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