735 Alabama Ave Se, Washington, DC 20032

Property Description

Pending Release FOR SALE – 735 Alabama Avenue SE, Washington, DC 20032 Asking Price: $530,000 Zoning: RA-1 – Expansion Potential Seller prefers Enterprise Settlement Services as all title work and TOPA is complete. A strong multifamily opportunity in the heart of Congress Heights—735 Alabama Avenue SE is a 4-unit apartment building offering a mix of current cash flow, value-add upside, and future development potential. The property features three 1-bedroom units and one 2-bedroom unit. Three of the four units are currently vacant, including the 2-bedroom apartment, giving investors or owner-occupants the flexibility to renovate and lease at market rates. One of the upper-level 1-bedroom units has been recently renovated with updated finishes. The property also includes three off-street parking spaces, a rare and highly desirable amenity in the area. The RA-1 zoning allows for low- to moderate-density apartment development and provides a pathway for expansion of the existing structure, subject to DC zoning approvals. Ideally located near the Congress Heights Metro Station, the St. Elizabeths redevelopment, and numerous public amenities, this property benefits from proximity to ongoing investment and neighborhood growth. Property Highlights: Four Units: (Three 1BR / One 2BR) Two Vacant Units Including the 2BR Recently Renovated Upper-Level 1BR Three Off-Street Parking Spaces Zoned RA-1 – Potential for Expansion Proximity to Metro, Retail, and Redevelopment Activity Perfect for buy-and-hold investors, 1031 exchange buyers, or developers seeking future upside in a well-positioned Southeast DC location.