815 Malcolm X Ave Se, Washington, DC 20032

Property Description

For Sale: 815 Malcolm X Avenue SE – Prime 4-Unit Investment Opportunity Property Overview: 815 Malcolm X Avenue SE is a well-positioned four-unit multifamily building, offering an excellent investment opportunity in a rapidly developing area. The property is adjacent to the new District Towns at Saint Elizabeth’s East, bringing added value and growth potential. Unit Breakdown: Each unit: 2 bedrooms, 1 bathroom Two vacant units (Unit #2 & Unit #3): Unit #2 – Recently upgraded with new appliances, new carpet, new countertops, and fresh paint Unit #3 – New carpet, well-maintained, and exclusive access to the expansive rear deck Two occupied units (Unit #1 & Unit #4): Unit #1 – Rented at $1,166/month Unit #4 – Rented at $1,202/month Total current rent: $2,366/month (below market, rent increases possible through DC Housing Authority) Market Potential: Similar 2-bedroom units rent for $1,300–$1,450/month in the area Potential to increase total gross rent significantly by leasing vacant units at market rates and adjusting occupied unit rents Additional Features: ✔ Three-car parking pad in the rear ✔ Large, well-maintained rear deck for tenant enjoyment ✔ Owner pays water; tenants cover electric & gas Investment Highlights: 📈 Growth potential with increasing rents and the booming Saint Elizabeth’s East redevelopment 💰 Strong rental demand for 2-bedroom units in this location 🚗 Private parking, a valuable amenity in DC 🌳 Outdoor space enhances property appeal Perfect for an investor looking for stable income with upside potential in a high-growth neighborhood! For more details or to schedule a showing, reach out today.