2029 E St NE, Washington, DC 20002

Located in the rapidly growing Rosedale/Kingman Park neighborhood, this rare end-unit four-unit building offers an exceptional value-add investment opportunity in one of Washington, DC’s most promising corridors. Zoned RF-1 and separately metered, the property features four one-bedroom, one-bath apartments with direct backyard access, creating strong appeal for future tenants seeking outdoor space, entertaining areas, parking flexibility, and access to the nearby community garden. The basement provides dedicated utility space and additional storage potential. With the future redevelopment of RFK Stadium projected to transform the surrounding area by 2030, investors have the opportunity to acquire property ahead of major neighborhood appreciation and infrastructure investment. As development expands eastward from Capitol Hill and the H Street Corridor, demand for updated rental housing in Kingman Park and Rosedale continues to grow. Although the property is being sold As-Is and requires substantial improvements, including windows, flooring, electrical systems, doors, and interior modernization, the upside potential is significant. Renovated one-bedroom units in the area currently rent between $1,200 and $1,800 per month, depending on finishes and amenities, while fully renovated four-unit buildings nearby have sold in the $800,000–$1,100,000 range, depending on renovation quality and configuration.