Turnkey 5-unit multifamily in Congress Heights offering strong cash flow and long-term appreciation potential. This fully renovated asset features five well-designed 2BR/1BA units ( 625 sq ft each Aprox), with four units located inside the main building and one unit with a separate exterior entrance—ideal for added privacy or flexible leasing options. All units have been updated with stainless steel appliances, in-unit washer/dryer, LVP flooring, central heating & cooling, and modern finishes to attract and retain quality tenants. Comprehensively renovated in 2025, the property requires no major capital improvements and delivers projected gross annual rents exceeding $94,000 with additional upside as the neighborhood continues to revitalize. The property also boasts a large backyard with potential to be converted into future resident parking (buyer to verify). Conveniently located near the Metro Green Line, I-295/I-495, the Entertainment & Sports Arena, and the transformative St. Elizabeths redevelopment, the property benefits from strong and growing tenant demand. Ideal for 1031 exchange buyers, investors, or local landlords looking to live in one unit and rent 4 other units to get positive cash flow. its a must See!!!
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Listing Snapshot
Price
$849,900
Days On Site
7 Days
Bedrooms
N/A
Inside Area (SqFt)
3,236 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.15 Acres
Year Built
1953
MLS® Number
DCDC2257992
Status
Active
Property Tax
$3,293
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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