Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Window Unit(s), Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.13

  • Lot Size(square feet)

    5,500

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $480,000

  • Tax Amount

    $5,144

  • Sq. Footage

    100

  • Price/SqFt

    $4,800

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    806

  • Water Source

    Public

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Listing Courtesy of Ari Firoozabadi, Greysteel Company LLC

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THE OPPORTUNITY
411 Atlantic Street SE offers a stabilized six-unit multifamily investment opportunity in the Congress Heights neighborhood of Southeast Washington, DC. The building consists of six 2BR/1BA units, all currently 100% occupied, with an average in-place rent of $1,286. The asset presents immediate in-place cash flow with long-term upside through future rent growth and operational improvements.

STABILIZED INCOME WITH BELOW-MARKET RENTS
With full occupancy and steady rental income, this property provides immediate yield for investors. Current rents are below market for comparable two-bedroom units in the area, creating a long-term opportunity for increased revenue through gradual rent adjustments and modest unit upgrades over time.

SPACIOUS TWO-BEDROOM LAYOUTS
Each unit features a 2BR/1BA layout, ideal for tenants seeking affordable two-bedroom housing within the District. The unit mix supports a broad tenant demographic including families, couples, and shared renters, reducing turnover risk and enhancing leasing stability.

STRATEGIC CONGRESS HEIGHTS LOCATION
Situated in one of Southeast DC’s most active redevelopment corridors, the property benefits from proximity to the Congress Heights and Southern Ave Metro Stations, as well as key commuter routes such as South Capitol Street and Suitland Parkway. It sits adjacent to the C13 and C15 Metrobus lines, which provide direct access north to the Potomac Ave and Anacostia Metro stations, and south to the Washington Highlands and Glassmanor areas. This strong public transit access enhances renter appeal and positions the property for continued occupancy and long-term value appreciation.

411 ATLANTIC STREET SE

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"THE OPPORTUNITY
426 Condon Terrace SE presents a well-located four-unit multifamily opportunity in the Washington Highlands neighborhood of Southeast DC. The building includes three 2BR/1BA units and one 4BR/1BA unit. With 50% current occupancy and strong location fundamentals, the property is well-suited for both investors seeking value-add potential and owner-occupants looking to reduce housing costs through rental income. Current occupied units are generating in-place rents of $700 (2BR) and $1,000 (4BR), with upside through lease-up and rent repositioning.

RENT CONTROL EXEMPT
As a four-unit property, 426 Condon Terrace SE qualifies for DC’s rent control exemption for first-time multifamily owners. This designation allows future owners to implement market-based rent increases, giving them greater flexibility in income strategy over time compared to larger, regulated assets.

IDEAL FOR OWNER-OCCUPANT
With two of the four units currently vacant, this property presents a prime opportunity for an owner-occupant to live on-site while collecting income from the remaining units. This structure allows for reduced monthly housing expenses while building equity in a supply-constrained DC submarket.

FUNCTIONAL UNIT MIX WITH RENTAL UPSIDE
The unit mix consists of three two-bedroom units and one four-bedroom unit, providing a balance of family-sized layouts and more affordable options for smaller households. The vacant units offer clear upside through light renovations and market-rate leasing, with nearby comps supporting higher rent potential.

SURROUNDED BY COMMUNITY AMENITIES
The property is located next to the Washington Highlands Recreation Center and is just a two-minute walk to Hendley Elementary School and Oxon Run Park. This level of walkable access to public amenities increases renter appeal, particularly among families and long-term tenants.
ACCESSIBLE VIA MULTIPLE BUS ROUTES
426 Condon Terrace SE is located directly on the C13 Metrobus line, with additional access a short walk away to the C15 line. These routes provide connectivity to Potomac Ave and Anacostia Metro stations, as well as key destinations throughout Southeast DC, making the location convenient for commuters without a car."
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THE OPPORTUNITY
104 Atlantic Street SE presents a compelling opportunity to acquire a six-unit multifamily asset in the growing Congress Heights submarket of Southeast Washington, DC. The property consists of six 1BR/1BA units, with 50% current occupancy and an average in-place rent of $1,369. With strategic lease-up and light renovation, investors can unlock immediate value and long-term rent growth in a supply-constrained, workforce housing corridor.

UPSIDE THROUGH LEASE-UP AND LIGHT VALUE-ADD
With three units currently vacant, the property offers clear upside through unit turnarounds and operational stabilization. The existing rents are below market for the area, creating an opportunity to capture rental premiums through basic improvements and market-rate leasing.

EFFICIENT, RENTABLE FLOORPLANS
Each of the six units features a 1BR/1BA layout, ideal for young professionals, seniors, or singles seeking affordability within city limits. Smaller units keep turnover and maintenance costs lower, while offering solid cash flow potential in a high-demand rental bracket.

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