Bought with ivory nana frimpong • Samson Properties
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2609 29TH ST SE Washington, DC 20020
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Key Details
Sold Price $430,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,520 sqft
Price per Sqft $170
MLS Listing ID DCDC2233284
Sold Date 01/09/26
Style Traditional
Abv Grd Liv Area 2,520
Year Built 1943
Available Date 2025-12-12
Annual Tax Amount $5,020
Tax Year 2025
Lot Size 3,643 Sqft
Acres 0.08
Property Sub-Type Quadruplex
Source BRIGHT
Property Description
INVESTOR ALERT: VALUE-ADD 4-UNIT BUILDING PRICED FOR IMMEDIATE EQUITY GAIN. Acquire this exceptional 4-unit brick multifamily building in Washington, D.C., a proven vehicle for strategic wealth creation. The property consists of four identical 1-Bedroom/1-Bathroom units, offering a highly desirable and easily managed unit mix for the rental market. This asset is aggressively priced to allow the experienced buyer maximum profit margin; the 2025 Assessed Value stands at $590,590, highlighting clear and substantial room to create instant equity and force appreciation post-closing. This is a true value-add opportunity that requires a full capital expenditure (CapEx) plan. The clear roadmap involves targeted renovations to the unit interiors and updating building systems, which will directly lead to drastically increased rent rolls and maximized Net Operating Income (NOI). SOLD STRICTLY AS-IS: Seller will make absolutely no repairs or offer any credits; the pricing fully reflects the required scope of work. All due diligence must be completed prior to offer submission. This offering is ideal for cash, fha 203K or commercial financing buyers. Do not miss this chance to acquire a four-unit asset below assessed value and reposition it into a top-performing investment. This is the definition of a wealth-building opportunity
Location
State DC
County Washington
Zoning RA-1
Rooms
Basement Other
Interior
Hot Water Electric
Heating Hot Water
Cooling None
Fireplace N
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Above Ground Finished SqFt 2520
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5643//0008
Ownership Fee Simple
SqFt Source 2520
Acceptable Financing Cash, Conventional, FHA 203(k), Exchange, Bank Portfolio
Listing Terms Cash, Conventional, FHA 203(k), Exchange, Bank Portfolio
Financing Cash,Conventional,FHA 203(k),Exchange,Bank Portfolio
Special Listing Condition Standard
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