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Rare investment opportunity in Southeast Washington, D.C. "” 430 Condon Terrace SE is a fully vacant 5-unit multifamily building, each unit featuring 3 bedrooms and 1 bathroom and its own in unit laundry. This turnkey asset is being offered both for sale or as a master lease, providing flexible options for investors or operators looking to capitalize on the area's strong rental demand. Not subject to TOPA, this building allows for immediate acquisition or lease-up without tenant-related delays. The entire property was fully gutted and renovated in 2020, complete with new TPO roof, windows, floors, appliances, bathrooms, and more. Freshly painted. Previous Master Lease tenant rented each unit for $2,500/month. Market rents in the area range from $1,700-2,000+, making this an exceptional multifamily rental investment. The property presents significant income and value-add potential, with units that are ideal for workforce housing, co-living models, or long-term rentals. Delivered vacant, it's primed for renovation, repositioning, or development into a high-yield asset in one of D.C.'s fastest-growing submarkets. Located just minutes from the Congress Heights Metro station, St. Elizabeths redevelopment, and the Entertainment & Sports Arena, the surrounding neighborhood is experiencing major public and private investment. Whether you're seeking a stabilized rental play, a redevelopment project, or a unique master lease opportunity, 430 Condon Terrace SE offers the scale, layout, and location to deliver exceptional returns.
| DAYS ON MARKET | 3 | LAST UPDATED | 4/17/2025 |
|---|---|---|---|
| TRACT | CONGRESS HEIGHTS | YEAR BUILT | 1950 |
| COUNTY | WASHINGTON | STATUS | Active |
| PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Electric, None |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| CONSTRUCTION | Brick |
| HEAT | Forced Air, Natural Gas |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3+ |
| STYLE | Contemporary |
| SUBDIVISION | CONGRESS HEIGHTS |
| TAXES | 2634 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Real Broker, LLC
The multiple listing data appearing on this website, or contained in reports produced therefrom, comes in part from Metropolitan Regional Information Systems ("MRIS"). The information provided is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All real estate listings include detailed information about them that includes the name of the listing brokers and therefore may reference real estate listing(s) held by a brokerage other than the broker and/or agent who owns this web site.
All listing data, including, but not limited to, square footage and lot size is believed to be accurate, but the listing agent, listing broker and respective Multiple Listing Services and their affiliates do not warrant or guarantee such accuracy. Therefore, all data should be personally verified through personal inspection by and/or with the appropriate professionals. Listing data last updated 4/19/25 9:58 PM PDT.
The listing information on this web site is from various brokers who participate in IDX.
Copyright 2025 MRIS. All rights reserved.
All listing data, including, but not limited to, square footage and lot size is believed to be accurate, but the listing agent, listing broker and respective Multiple Listing Services and their affiliates do not warrant or guarantee such accuracy. Therefore, all data should be personally verified through personal inspection by and/or with the appropriate professionals. Listing data last updated 4/19/25 9:58 PM PDT.
The listing information on this web site is from various brokers who participate in IDX.
Copyright 2025 MRIS. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.