356 Raleigh St SE,WASHINGTON, DC 20032
WASHINGTON, DC 20032
Description
The owner is willing to provide some Seller financing for a well qualified Buyer. Rare opportunity to acquire a nearly vacant 6-unit multifamily building totaling approximately 5,854 square feet in Southeast Washington, DC. The existing unit mix consists of three 1-bedroom units and three 2-bedroom units with hardwood flooring throughout much of the building. With only one occupied unit, the property offers investors exceptional operational flexibility and immediate value-add potential. Zoned RA-1, the property presents multiple repositioning opportunities, including potential reconfiguration of existing unit layouts, subject to buyer verification and required approvals. At nearly 5,854 square feet, the building offers substantially more scale than many multifamily assets currently available in Southeast Washington. Located adjacent to the Hillcrest Children and Family Center and near established community institutions, the property benefits from strong workforce housing demand and long-term residential stability. The approximately 4,600-square-foot lot also offers potential for future off-street parking improvements. Recent multifamily transactions in the surrounding area demonstrate continued investor demand for value-add opportunities. As a point of reference, a smaller four-unit multifamily property located at 815 Malcolm X Avenue SE containing approximately 3,024 square feet recently sold for $720,000. With six units, approximately 5,854 square feet, RA-1 zoning, and near-vacant delivery, 356 Raleigh Street SE offers significantly greater scale and multiple pathways for future value creation. Ideal for investors, developers, workforce housing operators, and long-term multifamily owners seeking a repositioning opportunity within Washington, DC.
Details
| MLS # | DCDC2265416 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1942 |
| Days On Site | 135 |
| Listing Provided By | DC Real Property,LLC | Kenn B Blagburn |
Features
| SQ Feet | 5,854 |
|---|---|
| Basement | Y |
| Units | 4 |
| Zoning | R5A |
| Acreage | 0.11 |
| Property View | Street |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
| Interior Features | Window Treatments, Wood Floors |
| Window Features | Wood Frame |
Exterior
| Exterior Features | Sidewalks |
|---|---|
| Roof | Unknown |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 1169.78 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20032 |
| Area | WASHINGTON DC |
| Community Name | CONGRESS HEIGHTS |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in CONGRESS HEIGHTS) | |
Price: $799,000 low | high Med: $128,000 sqft: 5,854 low | high Med: 665 $ / sqft: $136 low | high Med: $192 On site: 135 low | high Med: 53 | |
Market Activity 20032
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20032 |
| Area | WASHINGTON DC |
| Community Name | CONGRESS HEIGHTS |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in CONGRESS HEIGHTS) | |
Price: $799,000 low | high Med: $128,000 sqft: 5,854 low | high Med: 665 $ / sqft: $136 low | high Med: $192 On site: 135 low | high Med: 53 | |