4230 6TH ST SE Washington, DC 20032
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,236 sqft
Price per Sqft $262
MLS Listing ID DCDC2216376
Year Built 1953
Annual Tax Amount $3,293
Tax Year 2024
Lot Size 6,462 Sqft
Acres 0.15
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Investor-ready opportunity in Congress Heights, DC. This fully renovated 5-unit building delivers immediate income with minimal maintenance and strong upside potential.
📊 Financial Highlights
NOI: $79,848 (Pro Forma 2025)
Cap Rate: 9.4% at $850,000 ask
Gross Income: $96,000 annually
Unit Mix: 5 × 2BR/1BA ( 625 SF each)
Avg Rent: $1,600/month per unit
DSCR: 1.31 (25-yr amortization at 3.25%)
Stabilized Value: $1.14M (5.75% cap)
🏠 Unit Details
Floorplans: Each unit offers 2 spacious bedrooms, 1 full bath, and approx. 625 SF of living space.
Kitchens: Galley-style layouts with new stainless steel appliances, modern cabinetry, and updated countertops.
Living Areas: Bright, open layouts with LVP flooring, large windows, and 9' ceilings.
Bathrooms: Renovated with contemporary tile, updated fixtures, and vanities.
In-Unit Laundry: Each unit includes full-size washer/dryer.
HVAC: Central heating & cooling in every apartment.
🏗️ Property Highlights
Built in 1953 | Fully renovated in 2022
Brick construction | Flat built-up roof
Low operating expenses ( $27K annually)
Walkout basement foundation
📍 Location Benefits
Prime Congress Heights corridor near Metro Green Line, I-295/I-495, St. Elizabeths Campus, and the Entertainment & Sports Arena. Tenants benefit from proximity to transit, retail, schools, hospitals, and parks. Strong demand and continued growth from neighborhood revitalization.
💼 Investor Incentive
Seller will pay both sides of transfer & recordation taxes with ratified contract closing in 30 days.
📈 Ideal for 1031 exchange buyers, cash-flow investors, or out-of-state landlords seeking turnkey multifamily assets in DC.
Location
State DC
County Washington
Zoning R-3
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Vinyl
Heat Source Natural Gas
Exterior
Utilities Available Sewer Available, Water Available
Water Access N
View Street
Roof Type Flat,Built-Up
Accessibility None
Garage N
Building
Lot Description Level
Foundation Slab
Sewer Public Septic
Water Public
New Construction N
Schools
Elementary Schools Hendley
Middle Schools Hart
High Schools Ballou
School District District Of Columbia Public Schools
Others
Tax ID 6208//0058
Ownership Fee Simple
SqFt Source Assessor
Security Features Smoke Detector,Window Grills
Acceptable Financing Cash, Conventional, Bank Portfolio, VA, FHA, USDA
Listing Terms Cash, Conventional, Bank Portfolio, VA, FHA, USDA
Financing Cash,Conventional,Bank Portfolio,VA,FHA,USDA
Special Listing Condition Standard
