815 MALCOLM X AVE SE Washington, DC 20032

For Sale: 815 Malcolm X Avenue SE – Prime 4-Unit Investment Opportunity

Property Overview:
815 Malcolm X Avenue SE is a well-positioned four-unit multifamily building, offering an excellent investment opportunity in a rapidly developing area. The property is adjacent to the new District Towns at Saint Elizabeth's East, bringing added value and growth potential.

Unit Breakdown:
Each unit: 2 bedrooms, 1 bathroom
Two vacant units (Unit #2 & Unit #3):
Unit #2 – Recently upgraded with new appliances, new carpet, new countertops, and fresh paint
Unit #3 – New carpet, well-maintained, and exclusive access to the expansive rear deck
Two occupied units (Unit #1 & Unit #4):
Unit #1 – Rented at $1,166/month
Unit #4 – Rented at $1,202/month
Total current rent: $2,366/month (below market, rent increases possible through DC Housing Authority)
Market Potential:

Similar 2-bedroom units rent for $1,300–$1,450/month in the area
Potential to increase total gross rent significantly by leasing vacant units at market rates and adjusting occupied unit rents
Additional Features:
✔ Three-car parking pad in the rear
✔ Large, well-maintained rear deck for tenant enjoyment
✔ Owner pays water; tenants cover electric & gas

Investment Highlights:
📈 Growth potential with increasing rents and the booming Saint Elizabeth's East redevelopment
💰 Strong rental demand for 2-bedroom units in this location
🚗 Private parking, a valuable amenity in DC
🌳 Outdoor space enhances property appeal

Perfect for an investor looking for stable income with upside potential in a high-growth neighborhood!

For more details or to schedule a showing, reach out today.