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Listed by Ari Firoozabadi • Greysteel Company LLC
$ 600,000
Est. payment | /mo
5,500 Sqft Lot
$ 600,000
Est. payment | /mo
5,500 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Congress Heights
MLS Listing ID DCDC2240286
Year Built 1953
Annual Tax Amount $5,144
Tax Year 2025
Lot Size 5,500 Sqft
Acres 0.13
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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 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.
Location
State DC
County Washington
Zoning R5A
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 6166//0806
Ownership Fee Simple
Special Listing Condition Standard
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