The Excellence of living in Wrapche

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331 PARKLAND PLACE SE

WASHINGTON , DC 20032

MLS#: DCDC2242738

$465,000

Status: Active
Listing number: DCDC2242738
Listing provided by: RE/MAX Allegiance
Listing agent phone: None
Last update: 24 days ago
On site: a month ago
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Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1942

Sq.Footage

2,720

This is an exciting opportunity for each an owner-occupant and a savvy investor. This property features four 1-bedroom units that have had recent improvements to several of the units in the last 5 years making this a turn-key opportunity. Each unit offers a comfortable living/dining area, a galley kitchen with gas cooking, and one full bath. Three of the units are currently vacant. Zoned RA-1, this property presents low- to moderate-density apartment development potential, allowing for expansion of the existing structure, subject to DC zoning approvals. Ideally situated near the Congress Heights Metro Station, the Congress Heights Arts & Culture Center, and the St. Elizabeths redevelopment, residents will enjoy convenient access to dining, entertainment, and major commuter routes, including I-295, Alabama Avenue SE, Malcolm X Avenue SE and MLK Jr. Avenue SE. With strong rental demand and ongoing neighborhood growth, this multifamily opportunity offers both immediate cash flow and long-term investment potential. Perfect for buy-and-hold investors, 1031 exchange buyers, or developers seeking future upside in a well-positioned Southeast DC location. Don’t miss out on this exceptional opportunity!

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2720.0

  • Cooling YN

    YES

  • Cooling

    Central Air, Ductless, Electric

  • Heating YN

    YES

  • Heating

    Electric, Natural Gas, Forced Air, Radiant

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.08

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Traditional

Price

  • Sales Price

    $465,000

  • Tax Amount

    $4,354

  • Sq. Footage

    2, 720

  • Price/SqFt

    $170

HOA

  • Association

    No

School District

  • Elementary School

    KING

  • Middle School

    HART

  • High School

    BALLOU SENIOR

Property Features

  • Foundation Details

    Slab

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

WASHINGTON

Elementary School

KING

Middle School

HART

High School

BALLOU SENIOR

Listing Courtesy of Cornelius R Henderson , RE/MAX Allegiance

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This is an exciting opportunity for each an owner-occupant and a savvy investor. This property features four 1-bedroom units that have had recent improvements to several of the units in the last 5 years making this a turn-key opportunity. Each unit offers a comfortable living/dining area, a galley kitchen with gas cooking, and one full bath. Three of the units are currently vacant. Zoned RA-1, this property presents low- to moderate-density apartment development potential, allowing for expansion of the existing structure, subject to DC zoning approvals. Ideally situated near the Congress Heights Metro Station, the Congress Heights Arts & Culture Center, and the St. Elizabeths redevelopment, residents will enjoy convenient access to dining, entertainment, and major commuter routes, including I-295, Alabama Avenue SE, Malcolm X Avenue SE and MLK Jr. Avenue SE. With strong rental demand and ongoing neighborhood growth, this multifamily opportunity offers both immediate cash flow and long-term investment potential. Perfect for buy-and-hold investors, 1031 exchange buyers, or developers seeking future upside in a well-positioned Southeast DC location. Don’t miss out on this exceptional opportunity!

331 PARKLAND PLACE SE

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