THE OPPORTUNITY
A prime investment located directly off the rapidly developing Pennsylvania Avenue Corridor, just minutes from the U.S. Capitol. The 4-unit building features 2 vacant and 2 occupied spacious units, offering both immediate cash flow and long-term value-add potential in a high-demand submarket.
PRIME LOCATION & CONNECTIVITY
The property sits directly off Pennsylvania Avenue SE, with seamless access to I-295 (10 minutes) and I-495 (15 minutes). It is just two miles from the Naylor Road Metro Station (Green Line), providing direct connections to Downtown D.C., Union Station, and Reagan National Airport. In addition, Randle Highlands Elementary School is only a 4-minute walk from the property, further enhancing the appeal for families and long-term renters.
VALUE-ADD UPSIDE
The property is currently 50% vacant, creating a near-term leasing opportunity. Existing rents average $1,150, while new leases can be signed at 30% higher rates. Additionally, the units layouts are well-suited for bedroom conversions. With modest upgrades, one- and two-bedroom units can be repositioned into two- and three-bedroom units, achieving market rents of approximately $1,836 and $2,810, respectively.
THRIVING SUBMARKET
The neighborhood is undergoing sustained revitalization. Major projects such as Skyland Town Center and The Shops at Penn Branch have delivered 600 new multifamily units, 100,000+ SF of retail, and the first full-service gym east of the Anacostia River. These amenities continue to attract residents and strengthen long-term rental demand.
EQUITY BUILDING AT A DISCOUNT
With multiple loan products available, buyers can build equity more efficiently than renting locally. For example, FHA financing up to 96.5% allows minimized cash-to-close and reduced monthly debt service, with principal and interest payments offset by rental income.
Presented By: Greysteel Company LLC
Interior Features for 2801 Q Street SE
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceAssessor
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelNone
Hot WaterNone
General for 2801 Q Street SE
AccessibilityNone
Architectural StyleOther
CityWASHINGTON
Construction MaterialsBrick
Cool FuelNone
CoolingNone
CountyWASHINGTON
Directions...
Garage Y/NNo
HeatingNone
Legal SubdivisionHillcrest
Living Area3220
Lot Size Square Feet3407.00
Lot Size UnitsSquare Feet
New ConstructionNo
Number Of Units Total4
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionOther
Price Per Sq Ft Total AG155.28
Property SubtypeOther
Property TypeMulti-Family
School DistrictDISTRICT OF COLUMBIA PUBLIC SCHOOLS
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