$645,233

Estimated payment $3,680/month

Total Views 4,222
-- Bed
-- Bath
2,888 Sq Ft
$223 Price per Sq Ft

Highlights

  • 0.15 Acre Lot
  • Colonial Architecture
  • Hot Water Heating System

About This Home

***PENDING RELEASE *** seeking backup offers. Discover the ultimate opportunity for first-time investors with this rare 4-unit apartment building in historic Anacostia, Washington, DC! This fully vacant property allows you to bypass the Challenges of TOPA and move in immediately, maximizing your investment potential from day one. Here’s the best part: with residential financing options, you can secure this multifamily asset with little to no down payment, enjoying the benefit of tenants from three other units covering your mortgage and then some!

Each unit is separately metered with independent hot water heater and heating, and all proper DC rental licenses are in place. Situated on a large lot with a spacious backyard and ample off-street parking, the property even offers expansion potential. Just steps from The Gateway at MLK, the historic Frederick Douglass mansion, and the upcoming 11th Street Bridge development, this location is booming with growth. Real estate investments east of the Anacostia River hold strong cash-flow potential, and with multifamily financing, you can qualify for a higher loan amount based on rental income. Don't let this prime opportunity pass by

Listing Agent

Harrison Beacher

Keller Williams Capital Properties License #634687

Keller Williams Capital Properties

Co-Listing Agent

Abel Gebremichael

Keller Williams Capital Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,015

Year Built

  • Built in 1942

Home Design

  • 2,888 Sq Ft Home
  • Quadruplex
  • Colonial Architecture
  • Brick Exterior Construction

Parking

  • 8 Parking Spaces
  • 8 Off-Street Spaces

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Natural Gas Water Heater

Additional Features

  • 6,400 Sq Ft Lot
  • Urban Location

Listing and Financial Details

  • Tax Lot 84
  • Assessor Parcel Number 5753//0084

Community Details

Overview

  • 4 Units
  • Anacostia Subdivision

Building Details

  • 4 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,015

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: all installed systems and appliances for all 4 units , shed in back yard and any remaining items in property.
  • New Construction: No
  • Year Built: 1942
  • Remarks Public: ***PENDING RELEASE *** seeking backup offers. Discover the ultimate opportunity for first-time investors with this rare 4-unit apartment building in historic Anacostia, Washington, DC! This fully vacant property allows you to bypass the Challenges of TOPA and move in immediately, maximizing your investment potential from day one. Here’s the best part: with residential financing options, you can secure this multifamily asset with little to no down payment, enjoying the benefit of tenants from three other units covering your mortgage and then some! Each unit is separately metered with independent hot water heater and heating, and all proper DC rental licenses are in place. Situated on a large lot with a spacious backyard and ample off-street parking, the property even offers expansion potential. Just steps from The Gateway at MLK, the historic Frederick Douglass mansion, and the upcoming 11th Street Bridge development, this location is booming with growth. Real estate investments east of the Anacostia River hold strong cash-flow potential, and with multifamily financing, you can qualify for a higher loan amount based on rental income. Don't let this prime opportunity pass by
  • Special Features: None

Interior Features

  • Fireplace: No
  • Total Sq Ft: 2888
  • Living Area Sq Ft: 2888
  • Price Per Sq Ft: 223.42
  • Above Grade Finished Sq Ft: 2888
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2331

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 8

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6400.00
  • Soil Types: Chillum-Urban Land Complex
  • Year Assessed: 2024
  • Zoning: RA-1
  • Zoning Description: https://handbook.dcoz.dc.gov/pages/residential-apartment-ra-zones#RA-1
  • In City Limits: Yes

Rental Info

  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1015.00
  • Assessor Parcel Number: 5753//0084
  • Tax Lot: 84
  • Tax Total Finished Sq Ft: 2888
  • Tax Data Updated: No
  • Tax Year: 2024

Multi Family

  • Number Of Units Vacant: 4

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2024 11/18/24 Price Changed $645,233 -4.4% $223 / Sq Ft
10/25/2024 10/25/24 For Sale $675,233 -- $234 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: DCDC2163674

Bright MLS

APN: 5753 0084