2,888 SqFt
2,888 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,888 sqft
Price per Sqft $311
MLS Listing ID DCDC2239420
Style Other
Abv Grd Liv Area 2,888
Year Built 1942
Annual Tax Amount $5,484
Tax Year 2025
Lot Size 6,305 Sqft
Acres 0.14
Property Sub-Type Quadruplex
Source BRIGHT
Property Description
2323 Green Street SE presents a compelling opportunity to acquire a four-unit multifamily property in the evolving Randle Highlands neighborhood of Washington, DC. The building is configured as 4 3BR/1BA Units.
With 50% current occupancy and an average in-place rent of $2,107, the property offers immediate upside through lease-up and rent stabilization. Its large unit layouts cater to families and roommates alike, broadening tenant appeal in a rapidly appreciating submarket.
RENT CONTROL EXEMPT
As a four-unit asset, the property qualifies for DC's rent control exemption for first-time multifamily owners. This status enhances long-term income potential by allowing for market-based rent increases—an ideal entry point for investors seeking flexibility and value growth in the DC multifamily sector.
UPSIDE THROUGH RENOVATION AND LEASE-UP
With two units currently vacant, there is an opportunity for value-add improvements to boost rents and minimize deferred maintenance. A light renovation and lease-up strategy could significantly enhance cash flow and overall asset value in a submarket seeing continued investment and revitalization.
LARGE, RENTABLE FLOORPLANS
Each of the four units features three spacious bedrooms, ideal for maximizing per-unit income. This format supports both family-oriented and shared living arrangements, expanding the tenant base and reducing leasing risk.
STRATEGIC SOUTHEAST DC LOCATION
Situated near downtown Anacostia, the property provides convenient access to Downtown DC, Capitol Hill, and major commuter routes. It is well-served by multiple Metrobus lines, and within a short drive to the Potomac Ave and Anacostia Metro Stations, enhancing connectivity and future demand.
Location
State DC
County Washington
Zoning R5A
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Crawl Space
Above Ground Finished SqFt 2888
Sewer Public Septic
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5753//0082
Ownership Fee Simple
SqFt Source 2888
Special Listing Condition Standard
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