331 Parkland Place SE

Description

I am pleased to present a remarkable 4-unit building located at 331 Parkland Place SE. This is an ideal choice for an owner-occupant and savvy investors alike. With an asking price of $550,000, this property features four 1-bedroom units that have had recent improvements 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. Two of the units are currently vacant with a third unit expected to be vacant by 12/1/25. 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. Dont miss out on this exceptional opportunity!