430 Condon Terrace SE Washington, DC 20032
Washington Highlands NeighborhoodEstimated payment $5,790/month
Total Views
19,405
--
Bed
--
Bath
3,155
Sq Ft
$317
Price per Sq Ft
Highlights
- Very Popular Property
- 90% Forced Air Heating System
- 3-minute walk to Ferebee-Hope Recreation Center
- Contemporary Architecture
About This Home
Rare investment opportunity in Southeast Washington, D.C. — 430 Condon Terrace SE is a fully vacant 5-unit multifamily building, each unit featuring 3 bedrooms and 1 bathroom and its own in unit laundry . This turnkey asset is being offered both for sale or as a master lease, providing flexible options for investors or operators looking to capitalize on the area's strong rental demand. Not subject to TOPA, this building allows for immediate acquisition or lease-up without tenant-related delays. The entire property was fully gutted and renovated in 2020, complete with new TPO roof, windows, floors, appliances, bathrooms, and more. Freshly painted. Previous Master Lease tenant rented each unit for $2,500/month. Market rents in the area range from $1,700-2,000+, making this an exceptional multifamily rental investment.
The property presents significant income and value-add potential, with units that are ideal for workforce housing, co-living models, or long-term rentals. Delivered vacant, it’s primed for renovation, repositioning, or development into a high-yield asset in one of D.C.’s fastest-growing submarkets. Located just minutes from the Congress Heights Metro station, St. Elizabeths redevelopment, and the Entertainment & Sports Arena, the surrounding neighborhood is experiencing major public and private investment.
Whether you're seeking a stabilized rental play, a redevelopment project, or a unique master lease opportunity, 430 Condon Terrace SE offers the scale, layout, and location to deliver exceptional returns.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,634
Year Built
- Built in 1950 | Remodeled in 2020
Parking
- On-Street Parking
Home Design
- Contemporary Architecture
- Brick Exterior Construction
Utilities
- 90% Forced Air Heating System
- Natural Gas Water Heater
Community Details
- 4 Units
- Congress Heights Subdivision
Listing and Financial Details
- Tax Lot 817
- Assessor Parcel Number 6154//0817
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,634 | $309,930 | $209,910 | $100,020 |
| 2023 | $2,763 | $325,060 | $205,780 | $119,280 |
| 2022 | $2,713 | $319,210 | $205,780 | $113,430 |
| 2021 | $2,780 | $327,060 | $205,780 | $121,280 |
| 2020 | $2,477 | $291,430 | $187,070 | $104,360 |
| 2019 | $2,210 | $259,960 | $170,070 | $89,890 |
| 2018 | $2,437 | $286,720 | $0 | $0 |
| 2017 | $2,437 | $286,720 | $0 | $0 |
| 2016 | $2,230 | $262,410 | $0 | $0 |
| 2015 | $2,230 | $262,400 | $0 | $0 |
| 2014 | $2,190 | $257,600 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | For Rent | $12,500 | 0.0% | -- |
| 04/17/2025 04/17/25 | For Sale | $999,900 | 0.0% | $317 / Sq Ft |
| 04/17/2025 04/17/25 | For Sale | $999,900 | +288.5% | $317 / Sq Ft |
| 01/06/2017 01/06/17 | Sold | $257,400 | -8.1% | $79 / Sq Ft |
| 04/20/2016 04/20/16 | Pending | -- | -- | -- |
| 04/11/2016 04/11/16 | For Sale | $279,950 | -- | $86 / Sq Ft |
Source: Bright MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $291,430 | Citizens Title Group Llc | |
| Interfamily Deed Transfer | -- | None Available | |
| Special Warranty Deed | $257,400 | Kensington Realty Title Llc | |
| Deed | $212,000 | -- | |
| Deed | $139,600 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $685,000 | Commercial | |
| Previous Owner | $193,050 | Commercial |
Source: Public Records
About the Listing Agent
MJ leads RAZR Group, which services residential and development clients across the DMV. With a specialty in luxury homes sales as part of the elite REAL Luxury division - a division of only 0.7% of the most elite luxury agents in the nation's fastest growing brokerage - RAZR Group excels with proven and proprietary marketing tactics, negotiation strategies, and sales skills. RAZR Group is additionally well-versed in development, specifically in Washington DC, possessing compelling experience in
MJ's Other Listings
Source: Bright MLS
MLS Number: DCDC2196052
APN: 6154-0817
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