Sold

331 Parkland Place SE, Washington, DC 20032

Beds
4
Sqft
3,400

View property features, location on map, relevant school information and overview from seller's agent.

Listed byRE/MAX Allegiance
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Overview

This is an exciting opportunity for each an owner-occupant and a savvy investor. This property features four 1-bedroom units that have had recent improvements to several of the units in the last 5 years making this a turn-key opportunity. Each unit offers a comfortable living/dining area, a galley kitchen with gas cooking, and one full bath. Three of the units are currently vacant. Zoned RA-1, this property presents low- to moderate-density apartment development potential, allowing for expansion of the existing structure, subject to DC zoning approvals. Ideally situated near the Congress Heights Metro Station, the Congress Heights Arts & Culture Center, and the St. Elizabeths redevelopment, residents will enjoy convenient access to dining, entertainment, and major commuter routes, including I-295, Alabama Avenue SE, Malcolm X Avenue SE and MLK Jr. Avenue SE. With strong rental demand and ongoing neighborhood growth, this multifamily opportunity offers both immediate cash flow and long-term investment potential. Perfect for buy-and-hold investors, 1031 exchange buyers, or developers seeking future upside in a well-positioned Southeast DC location. Don’t miss out on this exceptional opportunity!

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
4
Square feet
3,400
Lot size (acres)
0.08
Year built
1942

Utilities

Heating
Electric, Natural gas, Forced air, Radiant
Cooling
Central air, Ductless, Electric
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2025)
$4,354

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: DCDC2242738 Last checked:

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