$800,000
SOLD MAR 24, 2025
Studio
-- Bath
-- Sq Ft
1,930 Sq Ft Lot

Recently Sold

14% Below List Price

167 Days on Market

About This Home

As of March 2025

***Significant price improvement*** This 6-unit residential multi-family building in Southeast Washington, DC, is a rare gem that offers both immediate cash flow and long-term appreciation potential. With its prime location, well-maintained units, and impressive cap rate, this property is an ideal addition to any real estate portfolio. Don’t miss out on this unique opportunity to invest in one of the most stable and lucrative markets in the country.

Units have their own forced air heat systems and Hot water heaters as well as separate gas and electric metering. side yard presents the potential for more improvement but the building is performing as it is right now.

For more information or to schedule a viewing, contact us today!

Last Agent to Sell the Property

Harrison Beacher

(202) 243-7700 hlbrealtor@gmail.com Keller Williams Capital Properties License #634687 Listed on: 06/28/2024

Keller Williams Capital Properties

Co-Listed By

Abel Gebremichael

(202) 243-7700 abel@coalitionpg.com Keller Williams Capital Properties

Last Buyer's Agent

Deresse Harris

(703) 658-3999 ikonrealty.dmv@gmail.com DMV Realty, INC.

DMV Realty, INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,132

Year Built

  • Built in 1950

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Wood Flooring
  • 1,930 Sq Ft Lot

Listing and Financial Details

  • The owner pays for insurance, pest control, sewer, snow removal, real estate taxes, trash collection
  • Tax Lot 8
  • Assessor Parcel Number 5426//0008

Community Details

Overview

  • 4 Units

Building Details

  • 1 Vacant Unit
  • Operating Expense $20,500
  • Net Operating Income $87,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,132

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Inclusions: all installed appliances and fixtures
  • New Construction: No
  • Year Built: 1950
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Hardwood
  • Fireplace: No
  • Foundation Details: Other
  • Above Grade Finished Area Units: Square Feet

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
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1930.00
  • Soil Types: Unknown
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Ground Rent Pymnt Freq: Annually
  • Owner Pays: Insurance, Pest Control, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection
  • Rent Control: No
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5132.00
  • Assessor Parcel Number: 5426//0008
  • Tax Lot: 8
  • Tax Data Updated: No
  • Tax Year: 2024

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 108000.00
  • Operating Expense: 20500.00

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
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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 List to Sale Price per Sq Ft
03/24/2025 03/24/25 Sold $800,000 -8.6% --
12/12/2024 12/12/24 Pending -- -- --
08/09/2024 08/09/24 Price Changed $875,240 -5.4% --
06/28/2024 06/28/24 For Sale $925,240 -- --
Source: Bright MLS

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
2025 $5,144 $605,200 $77,890 $527,310
2024 $5,132 $603,760 $77,890 $525,870
2023 $4,760 $560,000 $76,370 $483,630
2022 $4,673 $549,710 $76,370 $473,340
2021 $4,801 $564,880 $76,370 $488,510
2020 $4,277 $503,220 $69,420 $433,800
2019 $3,811 $448,390 $63,110 $385,280
2017 $3,345 $393,490 $0 $0
2016 $3,248 $382,090 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC2148062

Bright MLS

APN: 5426 0008