430 Condon Ter SE - Apartments FOR SALE


Washington, DC 20032- Congress Heights
$844,000 USD
202-552-5600
430 Condon Ter SE, Washington, DC for Sale
$844,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

430 Condon Ter SE
Washington, DC 20032
Congress Heights


HIGHLIGHTS

  • Versatility - keep as 3 bedroom units or convert to a mix of 2 bedroom units.
  • Location - accessibility and public transportation is abundant.
  • Master lease or individual lease options.

OVERVIEW

Turn the key on a fully-revitalized five-residence building that sits just uphill from the momentum of Congress Heights. Taken down to the studs between 2019 and 2020, more than $450,000 was invested to deliver five legal 3-bed/1-bath apartments, each with its own washer-dryer, central HVAC, stainless appliances, new windows, recessed lighting and fresh flooring. A new TPO roof, all-new framing, plumbing, electrical, insulation (even the crawl space), exterior railings, fencing and a concrete basement slab complete a head-to-toe rebuild designed for decades of low-maintenance ownership. The location is pure growth story: a five-minute stroll to the Green Line at Congress Heights Metro and the 4,200-seat Entertainment & Sports Arena, home of the Washington Mystics and practice hub for the Wizards. The building also stands within the 5-million-square-foot, $1 B+ St. Elizabeths East redevelopment, now adding retail villages, 400+ new residences and the $375 M Cedar Hill Regional Medical Center. At roughly 2,640 SF of rentable interior space, the property’s efficient footprint promises strong cash flow while limiting operating expenses. Delivered 100 % vacant and free of TOPA complications, investors can launch leasing or a master-lease strategy on day one. Whether you’re targeting stabilized workforce housing, co-living, subsidized housing opportunities, or a value-add exit, this turnkey asset offers scale, modern systems and a catalytic neighborhood, all at a price point rarely seen inside the District. C of O, Basic Business License, and building floor plan available upon request

FOR SALE DETAILS

PRICE

$844,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

5

PRICE/UNIT

$168,800

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,330 SF

ZONING

R-3

APN/PARCEL ID

6154-0817

ASK ABOUT THIS PROPERTY

Marc CashinCorcoran McEnearneyMore Info
202-552-5600

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Marc CashinCorcoran McEnearneyMore Info
202-552-5600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.