430 CONDON TER SE, Washington, DC 20032 – DCDC2196052

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

Listed by Mark J Frazier • Real Broker, LLC

$999,900

Est. payment - /mo

3,155 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 3,155 sqft

Price per Sqft $316

Subdivision Congress Heights

MLS Listing ID DCDC2196052

Style Contemporary

Abv Grd Liv Area 2,640

Originating Board BRIGHT

Year Built 1950

Annual Tax Amount $2,634

Tax Year 2024

Property Sub-Type Other

Property Description

Rare investment opportunity in Southeast Washington, D.C. — 430 Condon Terrace SE is a fully vacant 5-unit multifamily building, each unit featuring 3 bedrooms and 1 bathroom and its own in unit laundry . This turnkey asset is being offered both for sale or as a master lease, providing flexible options for investors or operators looking to capitalize on the area's strong rental demand. Not subject to TOPA, this building allows for immediate acquisition or lease-up without tenant-related delays. The entire property was fully gutted and renovated in 2020, complete with new TPO roof, windows, floors, appliances, bathrooms, and more. Freshly painted. Previous Master Lease tenant rented each unit for $2,500/month. Market rents in the area range from $1,700-2,000+, making this an exceptional multifamily rental investment.

The property presents significant income and value-add potential, with units that are ideal for workforce housing, co-living models, or long-term rentals. Delivered vacant, it's primed for renovation, repositioning, or development into a high-yield asset in one of D.C.'s fastest-growing submarkets. Located just minutes from the Congress Heights Metro station, St. Elizabeths redevelopment, and the Entertainment & Sports Arena, the surrounding neighborhood is experiencing major public and private investment.

Whether you're seeking a stabilized rental play, a redevelopment project, or a unique master lease opportunity, 430 Condon Terrace SE offers the scale, layout, and location to deliver exceptional returns.

Location

State DC

County Washington

Zoning R-3

Interior

Hot Water Natural Gas

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 6154//0817

Ownership Other

Special Listing Condition Standard

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262

430 CONDON TER SE Washington, DC 20032

Joseph Lam

Key Details

Location

Interior

Exterior

Building

Schools

Others

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430 CONDON TER SE