Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Electric, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $359,000

  • Tax Amount

    $3,306

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    YES

  • Sewer

    Public Sewer

  • Tax Lot

    96

  • Water Source

    Public

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Elementary School

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Listing Courtesy of Samuel R Davis , Long & Foster Real Estate, Inc.

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Margo Miller

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PRICE REDUCTION OF $30,000!  Showings can only be Mon-Saturday from 9-4pm. No Sunday showings. Exceptional Investment Opportunity: 3-bedroom, 1-bathroom unit that is fully self-contained featuring its own HVAC, hot water heater and is separately meters for electric.  It is currently rented out to a Section 8 Voucher tenant who is paying $3,350/month gross rent which offers reliable rental income and long-term growth. The condo fee is $380/month and taxes are $3,050/year.  It can be purchased as a single unit or as a package deal along with 2 other units in the same building (B02 & 305)-B02 is vacant. The other two are fully leased to Voucher tenants. With 100% occupancy and individual metering, this is an ideal cash-flow investment. Located in a rapidly developing neighborhood with ongoing construction, your investment is positions for future appreciation.

1812 H PLACE NE 104

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"THE OPPORTUNITY
426 Condon Terrace SE presents a well-located four-unit multifamily opportunity in the Washington Highlands neighborhood of Southeast DC. The building includes three 2BR/1BA units and one 4BR/1BA unit. With 50% current occupancy and strong location fundamentals, the property is well-suited for both investors seeking value-add potential and owner-occupants looking to reduce housing costs through rental income. Current occupied units are generating in-place rents of $700 (2BR) and $1,000 (4BR), with upside through lease-up and rent repositioning.

RENT CONTROL EXEMPT
As a four-unit property, 426 Condon Terrace SE qualifies for DC’s rent control exemption for first-time multifamily owners. This designation allows future owners to implement market-based rent increases, giving them greater flexibility in income strategy over time compared to larger, regulated assets.

IDEAL FOR OWNER-OCCUPANT
With two of the four units currently vacant, this property presents a prime opportunity for an owner-occupant to live on-site while collecting income from the remaining units. This structure allows for reduced monthly housing expenses while building equity in a supply-constrained DC submarket.

FUNCTIONAL UNIT MIX WITH RENTAL UPSIDE
The unit mix consists of three two-bedroom units and one four-bedroom unit, providing a balance of family-sized layouts and more affordable options for smaller households. The vacant units offer clear upside through light renovations and market-rate leasing, with nearby comps supporting higher rent potential.

SURROUNDED BY COMMUNITY AMENITIES
The property is located next to the Washington Highlands Recreation Center and is just a two-minute walk to Hendley Elementary School and Oxon Run Park. This level of walkable access to public amenities increases renter appeal, particularly among families and long-term tenants.
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426 Condon Terrace SE is located directly on the C13 Metrobus line, with additional access a short walk away to the C15 line. These routes provide connectivity to Potomac Ave and Anacostia Metro stations, as well as key destinations throughout Southeast DC, making the location convenient for commuters without a car."
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None Beds

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It can be purchased as a single unit or as a package deal along with 2 other units in the same building (104 & 305 )-all will be fully leased to Voucher tenants. With 100% occupancy and individual metering, this is an ideal cash-flow investment. Located in a rapidly developing neighborhood with ongoing construction, your investment is positions for future appreciation. Current rent $3,350/month which is $40,200/year. Condo fee is $336/month which is $4,032/year. Taxes have not been assessed by DC yet. We are projecting between a 7%-8% cap rate. Showings can only be Mon-Saturday from 9-4pm. No Sunday showings.
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 - property

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