165 35th St Ne, Washington, DC 20019

Property Description

Value-Add Quadplex | 165 35th St NE, Washington, DC Incredible opportunity to own a 4-unit building in Deanwood, delivered vacant and exempt from TOPA—making for a smooth acquisition. This property is not rent controlled, giving investors maximum flexibility on rents and upgrades. Each spacious unit is a 1BR with an enclosed porch/den, offering strong value-add potential to convert to true 2-bedroom units and increase ROI. Three units are already vacant and ready for immediate renovation or leasing; the fourth is the owner’s unit, delivered vacant at settlement. Over $110,000 in owner updates already completed, including heavy-up electrical, new windows, new roof, and more—making this a solid, low-hassle starting point for your plans. Ideal for owner-occupant investors looking to house hack, subsidize a mortgage, or build equity while collecting cash flow. Located just minutes to Metro, major commuter routes, and the RFK redevelopment corridor, this is a smart play in one of DC’s fastest-changing neighborhoods. No TOPA. Not rent controlled. Ready to go.