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Listed by Stefan Rosu • Keller Williams Capital Properties

$1,620,000

Est. payment - /mo

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0.37 Acres Lot

New

808 CHESAPEAKE ST SE Washington, DC 20032

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Congress Heights

MLS Listing ID DCDC2266890

Year Built 1963

Annual Tax Amount $12,780

Tax Year 2025

Lot Size 0.370 Acres

Acres 0.37

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Value-add opportunity to purchase a renovated 14 unit apartment building with 4 vacancies in Congress Heights. Favorable unit mix with mostly 2 and 3 bedrooms, average size is 857 SF. It may also be possible to combine units and create a 15th apartment in the basement. Pro forma NOI is almost $200,000, a 12.5% cap at the list price.

The building has been renovated and features central air as well as renovated kitchens, baths, and flooring in most units. Sub metered for electric and gas. There is on-site parking for at least 10 cars.

The property is located less than a mile away from the Eastover Shopping Center that is anchored by a Giant. Additional transformative development east of the Anacostia river includes Skyland Town Center and St. Elizabeth's.

Location

State DC

County Washington

Zoning RF-1

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 10.0

Water Access N

Accessibility Other

Total Parking Spaces 10

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 6160//0873

Ownership Fee Simple

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

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808 CHESAPEAKE ST SE Washington, DC 20032

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Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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808 CHESAPEAKE ST SE