$449,900

550 Malcolm x Ave SE Washington, DC 20032

Congress Heights Neighborhood

Estimated payment $2,614/month

Total Views 85,386
-- Bed
-- Bath
1,845 Sq Ft
$244 Price per Sq Ft

About This Home

Investor Special – Redevelopment Opportunity in Congress Heights | 550 Malcolm X Ave SE, Washington, DC 20032
Unlock the potential of this fully vacant, three-unit multifamily property in the heart of the rapidly transforming Anacostia corridor. Located just minutes from the Congress Heights Metro Station, this property presents a rare opportunity to invest in one of D.C.’s fastest-growing neighborhoods.

Each unit offers a 1-bed, 1-bath layout—ideal for rental income, short-term housing, or future redevelopment. All units are move-in ready, allowing for immediate cash flow while planning your long-term vision.

Listing Agent

Joyce Abdallah

Realty ONE Group Capital License #0225230711 Listed on: 04/18/2025

Realty ONE Group Capital

Co-Listing Agent

Muayyad Nour

Realty ONE Group Capital

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,601

Year Built

  • Built in 1941

Lot Details

  • 1,566 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Plaster Walls
  • Architectural Shingle Roof
  • Asphalt Roof

Utilities

  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • 3-Story Building

Listing and Financial Details

  • Tax Lot 41
  • Assessor Parcel Number 5985//0041

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,601

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 4/18/2025 12:00:00 AM
  • Year Built: 1941
  • Remarks Public: Investor Special – Redevelopment Opportunity in Congress Heights | 550 Malcolm X Ave SE, Washington, DC 20032 Unlock the potential of this fully vacant, three-unit multifamily property in the heart of the rapidly transforming Anacostia corridor. Located just minutes from the Congress Heights Metro Station, this property presents a rare opportunity to invest in one of D.C.’s fastest-growing neighborhoods. Each unit offers a 1-bed, 1-bath layout—ideal for rental income, short-term housing, or future redevelopment. All units are move-in ready, allowing for immediate cash flow while planning your long-term vision.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Foundation Details: Slab
  • Total Sq Ft: 1845
  • Living Area Sq Ft: 1845
  • Price Per Sq Ft: 378.70
  • Above Grade Finished Sq Ft: 1188
  • Below Grade Finished Sq Ft: 657
  • Total Below Grade Sq Ft: 657
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 550

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Architectural Shingle, Asphalt
  • 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: No
  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • 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: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1566.00
  • Property Condition: Good
  • Soil Types: Unknown
  • Year Assessed: 2024
  • Zoning: R
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: None
  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2601.00
  • Assessor Parcel Number: 5985//0041
  • Tax Lot: 41
  • Tax Total Finished Sq Ft: 1845
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Single Room Units Count: 3

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
07/17/2025 07/17/25 Price Changed $449,900 0.0% $244 / Sq Ft
07/16/2025 07/16/25 For Sale $450,000 0.0% $244 / Sq Ft
06/16/2025 06/16/25 Off Market $450,000 -- --
05/10/2025 05/10/25 Price Changed $450,000 -5.3% $244 / Sq Ft
04/18/2025 04/18/25 For Sale $475,000 -1.0% $257 / Sq Ft
08/17/2023 08/17/23 Sold $480,000 0.0% $230 / Sq Ft
04/15/2023 04/15/23 For Sale $480,000 -- $230 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: DCDC2194800

Bright MLS

APN: 5985 0041

District of Columbia District of Columbia County Washington 20032 Congress Heights

550 Malcolm x Ave SE, Washington, DC

This home is located at 550 Malcolm x Ave SE, Washington, DC 20032 and is currently priced at $449,900, approximately $243 per square foot. This property was built in 1941. 550 Malcolm x Ave SE is a home located in District of Columbia with nearby schools including King Elementary School, Hart Middle School, and Ballou High School.

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Joyce Abdallah
Listing Agent
Joyce Abdallah
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Realty ONE Group Capital
(571) 218-9839