119 53RD ST SE Active Save Request In-Person Tour Request Virtual Tour
Washington,DC 20019
Key Details
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,340 sqft
Price per Sqft $138
Subdivision Marshall Heights
MLS Listing ID DCDC2225600
Style Colonial
Year Built 1952
Annual Tax Amount $12,401
Tax Year 2025
Lot Size 2,533 Sqft
Property Sub-Type Twin/Semi-Detached
Property Description
Situated in the up-and-coming neighborhood of Marshall Heights, this vacant 4-unit building presents a prime opportunity for developers, investors, or contractors. The property is currently configured with 4 one-bedroom, one-bathroom apartments and needs a complete renovation, offering a variety of potential redevelopment options. Option 1 - Renovate and Rent: Restore the existing units to their full potential and create a steady rental income stream in this rapidly developing area. Option 2 - Convert to Condominiums: With rising demand for homeownership options in the district, the building is a perfect candidate for a condo conversion, allowing for profitable individual unit sales. Option 3 - Create Two Townhouses: The property's layout provides flexibility to reconfigure the space into two spacious, modern townhouses that will appeal to owner-occupiers or high-end rental markets. Whether you are looking to generate cash flow, flip for profit, or create luxury condos or townhomes, this property offers substantial potential.
Location
State DC
County Washington
Zoning R-2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Exterior
Water Access N
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Acceptable Financing Conventional,FHA 203(k),Cash,Private
Listing Terms Conventional,FHA 203(k),Cash,Private
Special Listing Condition Standard
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