UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,024 sqft
Price per Sqft $223
MLS Listing ID DCDC2189866
Style Colonial
Abv Grd Liv Area 3,024
Originating Board BRIGHT
Year Built 1939
Annual Tax Amount $4,523
Tax Year 2024
Lot Size 5,000 Sqft
Acres 0.11
Property Sub-Type Detached
Property Description
Property Overview:
815 Malcolm X Avenue SE is a well-positioned four-unit multifamily building, offering an excellent investment opportunity in a rapidly developing area. The property is adjacent to the new District Towns at Saint Elizabeth's East, bringing added value and growth potential.
Unit Breakdown:
Each unit: 2 bedrooms, 1 bathroom
Two vacant units (Unit #2 & Unit #3):
Unit #2 – Recently upgraded with new appliances, new carpet, new countertops, and fresh paint
Unit #3 – New carpet, well-maintained, and exclusive access to the expansive rear deck
Two occupied units (Unit #1 & Unit #4):
Unit #1 – Rented at $1,166/month
Unit #4 – Rented at $1,202/month
Total current rent: $2,366/month (below market, rent increases possible through DC Housing Authority)
Market Potential:
Similar 2-bedroom units rent for $1,300–$1,450/month in the area
Potential to increase total gross rent significantly by leasing vacant units at market rates and adjusting occupied unit rents
Additional Features:
✔ Three-car parking pad in the rear
✔ Large, well-maintained rear deck for tenant enjoyment
✔ Owner pays water; tenants cover electric & gas
Investment Highlights:
📈 Growth potential with increasing rents and the booming Saint Elizabeth's East redevelopment
💰 Strong rental demand for 2-bedroom units in this location
🚗 Private parking, a valuable amenity in DC
🌳 Outdoor space enhances property appeal
Perfect for an investor looking for stable income with upside potential in a high-growth neighborhood!
For more details or to schedule a showing, reach out today.
Location
State DC
County Washington
Zoning R2
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Water Access N
Accessibility None
Total Parking Spaces 3
Garage N
Building
Foundation Crawl Space
Sewer Private Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5948//0807
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
