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Listed by Kenn Blagburn • DC Real Property,LLC
$ 799,000
Est. payment /mo
Active
356 RALEIGH ST SE Washington, DC 20032
4,602 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Congress Heights
MLS Listing ID DCDC2265462
Year Built 1942
Available Date 2026-06-02
Annual Tax Amount $1,169
Tax Year 2006
Lot Size 4,602 Sqft
Acres 0.11
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
The owner is willing to provide some Seller financing for a well qualified Buyer.
Rare opportunity to acquire a nearly vacant 6-unit multifamily building totaling approximately 5,854 square feet in Southeast Washington, DC. The existing unit mix consists of three 1-bedroom units and three 2-bedroom units with hardwood flooring throughout much of the building. With only one occupied unit, the property offers investors exceptional operational flexibility and immediate value-add potential.
Zoned RA-1, the property presents multiple repositioning opportunities, including potential reconfiguration of existing unit layouts, subject to buyer verification and required approvals. At nearly 5,854 square feet, the building offers substantially more scale than many multifamily assets currently available in Southeast Washington.
Located adjacent to the Hillcrest Children and Family Center and near established community institutions, the property benefits from strong workforce housing demand and long-term residential stability. The approximately 4,600-square-foot lot also offers potential for future off-street parking improvements.
Recent multifamily transactions in the surrounding area demonstrate continued investor demand for value-add opportunities. As a point of reference, a smaller four-unit multifamily property located at 815 Malcolm X Avenue SE containing approximately 3,024 square feet recently sold for $720,000. With six units, approximately 5,854 square feet, RA-1 zoning, and near-vacant delivery, 356 Raleigh Street SE offers significantly greater scale and multiple pathways for future value creation.
Ideal for investors, developers, workforce housing operators, and long-term multifamily owners seeking a repositioning opportunity within Washington, DC.
Rare opportunity to acquire a nearly vacant 6-unit multifamily building totaling approximately 5,854 square feet in Southeast Washington, DC. The existing unit mix consists of three 1-bedroom units and three 2-bedroom units with hardwood flooring throughout much of the building. With only one occupied unit, the property offers investors exceptional operational flexibility and immediate value-add potential.
Zoned RA-1, the property presents multiple repositioning opportunities, including potential reconfiguration of existing unit layouts, subject to buyer verification and required approvals. At nearly 5,854 square feet, the building offers substantially more scale than many multifamily assets currently available in Southeast Washington.
Located adjacent to the Hillcrest Children and Family Center and near established community institutions, the property benefits from strong workforce housing demand and long-term residential stability. The approximately 4,600-square-foot lot also offers potential for future off-street parking improvements.
Recent multifamily transactions in the surrounding area demonstrate continued investor demand for value-add opportunities. As a point of reference, a smaller four-unit multifamily property located at 815 Malcolm X Avenue SE containing approximately 3,024 square feet recently sold for $720,000. With six units, approximately 5,854 square feet, RA-1 zoning, and near-vacant delivery, 356 Raleigh Street SE offers significantly greater scale and multiple pathways for future value creation.
Ideal for investors, developers, workforce housing operators, and long-term multifamily owners seeking a repositioning opportunity within Washington, DC.
Location
State DC
County Washington
Zoning R5A
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
View Street
Roof Type Unknown
Accessibility None
Road Frontage City/County
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5988//0805
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations