Description
Fantastic opportunity to acquire a four-unit cash-flowing multifamily inside The District. This classic brick quadruplex is suitable for several buyer profiles -- including first-time home buyers, house hackers, standard owner occupants, buy-and-hold investors, multifamily operator, or developer/renovators -- seeking immediate cash flow (approx. 6% cap rate), potential for long-term appreciation, and/or value-add upside. Each unit has an in-unit washer and dryer, built-in microwave, and gas range. You can purchase four one-bed + den/enclosed patio units with flexibility for repositioning. br br Live and/or own on a quiet tree-lined residential street while being centrally located to all major points in DC. Residents/occupants of this multifamily can enjoy easy access to Anacostia Park, the riverwalk trail/path, and the newly built Anacostia Recreation Center at Ketcham. This neighborhood is one of DC's more investable emerging submarkets that continues to experience substantial public and private investment, which is driving ongoing redevelopment, retail expansion, and business growth. Additionally, purchasers may be eligible for Opportunity Zone (OZ) benefits.br br This property is just one mile from a recently approved 15-acre, $500M Poplar Point Development of a 500,000 square foot indoor waterpark and wellness center by Therme Group! Also close by are other new development projects including the MLK Gateway, 11th Street Bridge Park, and The Bridge District. Refer to the Anacostia Business Improvement District (BID) for more information. br br This revenue-generating quadruplex is strategically located minutes from Downtown DC, National Mall, Smithsonian Museums, SW Waterfront, Chinatown, Capitol Hill, Navy Yard/Marine Barracks, Audi Field, CareFirst Arena, RFK stadium, Capital One Arena, National War College/NDU, Joint Base Anacostia-Bolling (JBAB)/DIA, DHS at St. Elizabeth's, and NCIS, creating strong appeal for a very wide range of occupants. Convenient to I-295, I-695, Suitland Parkway, South Capitol Street, Metrobus, nearby Anacostia Metro station, DCA Airport (15 min), Andrews AFB (27 min), and National Harbor (20 min). br br Very few performing multifamily properties come available in the DC metro. Whether maintained as a cash-flowing multifamily asset (Approx. 6% cap rate), renovated for premium value (potential for 8%+ cap rate), or repositioned to optimize long-term returns, this property offers investors multiple paths to additional value creation. House hackers can make one unit your primary residence and utilize the FHA low down payment program option. This area has the momentum for continued growth making this an outstanding addition to any real estate portfolio. Seize this great opportunity to acquire a multifamily asset in a desirable central location in The District.
Details
| MLS # | DCDC2263312 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Building Name | RANDLE HEIGHTS |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1938 |
| Days On Site | 110 |
| Listing Provided By | Coldwell Banker Realty - Washington | DHEERESH PATEL |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,720 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | R5B |
| Acreage | 0.07 |
| Property View | Street |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
| Appliances | Oven/Range - Gas, Refrigerator, Stove |
Exterior
| Roof | Built-Up, Architectural Shingle |
|---|---|
| Construction Materials | Brick, Vinyl Siding |
| Foundation Details | Crawl Space |
| Lot Features | Level |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 5335.46 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20020 |
| Area | WASHINGTON DC |
| Community Name | RANDLE HEIGHTS |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in RANDLE HEIGHTS) | |
Price: $689,000 low | high Med: $239,500 sqft: 2,720 low | high Med: 1,704 $ / sqft: $253 low | high Med: $140 On site: 110 low | high Med: 84.5 | |
Market Activity 20020
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20020 |
| Area | WASHINGTON DC |
| Community Name | RANDLE HEIGHTS |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in RANDLE HEIGHTS) | |
Price: $689,000 low | high Med: $239,500 sqft: 2,720 low | high Med: 1,704 $ / sqft: $253 low | high Med: $140 On site: 110 low | high Med: 84.5 | |
