***EXCELLENT OPPORTUNITY FOR INVESTOR OR FIRST TIME HOMEBUYER***Welcome to 2303 S Street SE a multiple unit apartment building located in the subdivision of Randal Heights, Washington DC. At current, each unit offers 1 bedroom/1 bath. Lot size: 5,437 s/f; Zoning R-3; Total building s/f of 2,592. Off-street parking for 2+ vehicles. Two units are “turnkey” with updated flooring, freshly painted and stainless-steel appliances. Exterior in need of some repairs. Excellent investment property. BUILDING IS FULLY DETACHED. EASY CONVERSION TO 2-BEDROOM UNITS WITHOUT ADDING TO FOOTPRINT. Potential fair market rent per unit is $1,500 per month. Expenses: Property Taxes $5,200; Maintenance Fees $6,000; Management Fees: $6,000; Property Insurance: $4,800; Reserves: $8,000; NOI: $42,000; Cap Rate: 7%. PLEASE BE ADVISED…UNIT #A IS OCCUPIED! PLEASE DO NOT DISTURB. ALL OTHER UNITS ARE VACANT. BUILDING WILL BE DELIVERED VACANT.
For sale
$649,900
2303 S St SE, Washington, DC 20020
4beds
--baths
2,592sqft
Est.:
Quadruplex
Built in 1956
-- sqft lot
$-- Zestimate®
$251/sqft
$-- HOA
What's special
- 85 days
- on Zillow |
- 98 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: July 17, 2025 at 01:02am
Listed by:
Al Rice 202-263-9008,
Coldwell Banker Realty - Washington
Source: Bright MLS,MLS#: DCDC2196686

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Basement
- Area: 0
Heating
- Radiator, Natural Gas
Cooling
- None, Electric
Appliances
- Included: Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 2,592
- Total interior livable area: 2,592 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off Street
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 5,437 Square Feet
- Features: Unknown Soil Type
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 5627//0809
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex
Materials
- Brick
- Foundation: Block
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Private Sewer, Public Septic
- Water: Public
Community & HOA
Community
- Subdivision: Marshall Heights
Location
- Region: Washington
Financial & listing details
- Price per square foot: $251/sqft
- Tax assessed value: $621,040
- Annual tax amount: $5,198
- Date on market: 5/17/2025
- Listing agreement: Exclusive Agency
- Ownership: Fee Simple
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