430 CONDON TER SE Under Contract Save Request In-Person Tour Request Virtual Tour
Washington,DC 20032
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID DCDC2211972
Year Built 1950
Available Date 2025-07-30
Annual Tax Amount $2,634
Tax Year 2024
Lot Size 3,440 Sqft
Property Sub-Type Five Or More Units
Property Description
Turn the key on a fully-revitalized five-residence building that sits just uphill from the momentum of Congress Heights. Taken down to the studs between 2019 and 2020, more than $450,000 was invested to deliver five legal 3-bed/1-bath apartments, each with its own washer-dryer, central HVAC, stainless appliances, new windows, recessed lighting and fresh flooring. A new TPO roof, all-new framing, plumbing, electrical, insulation (even the crawl space), exterior railings, fencing and a concrete basement slab complete a head-to-toe rebuild designed for decades of low-maintenance ownership.
The location is pure growth story: a five-minute stroll to the Green Line at Congress Heights Metro and the 4,200-seat Entertainment & Sports Arena, home of the Washington Mystics and practice hub for the Wizards. The building also stands within the 5-million-square-foot, $1 B+ St. Elizabeths East redevelopment, now adding retail villages, 400+ new residences and the $375 M Cedar Hill Regional Medical Center.
At roughly 2,640 SF of rentable interior space, the property's efficient footprint promises strong cash flow while limiting operating expenses. Delivered 100 % vacant and free of TOPA complications, investors can launch leasing or a master-lease strategy on day one.
Whether you're targeting stabilized workforce housing, co-living, subsidized housing opportunities, or a value-add exit, this turnkey asset offers scale, modern systems and a catalytic neighborhood, all at a price point rarely seen inside the District.
C of O, Basic Business License, and building floor plan available upon request
Location
State DC
County Washington
Zoning R-3
Interior
Hot Water Natural Gas
Cooling None
Exterior
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Special Listing Condition Standard