Average square foot calculated using Size range provided by listing agent.
Description
Solid brick 4-unit multifamily in DC’s Greenway neighborhood. Built in 1950, this durable two-story walk-up features four 1-bedroom/1-bath apartments, a unit type that is always in demand. Three units are currently leased at $1, 000/month each, well below market rents, creating a clear opportunity for immediate upside. With average 1-bedroom rents in 20019 ranging from $1, 300–$1, 600/month and premium units reaching $1, 800+, updated units here could generate significantly higher returns. At current rents, the property brings in approx. $36, 000/year. Brought up to market rates, annual income potential rises to $62, 400–$72, 000+, making this a true value-add investment. Located near Minnesota Ave Metro and major bus lines, with ongoing revitalization in Ward 7, 3427 B St SE offers both immediate cash flow and long-term appreciation potential. Perfect for seasoned investors or first-time multifamily buyers.Show Description
MLS® NumberDCDC2216132
Laundry Level
Central VacNo
FireplaceNo
Acreage0.09
Exterior
GarageNo
Approx. Age1950
Basement
DrivewayOn Street
Garage Spaces
HeatForced Air, Central, Natural Gas, Electric
A/CCentral A/C, Window Unit(s), Natural Gas, Electric
Heating Fuel
Extras
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