119 53RD ST SE Active Save Request In-Person Tour Request Virtual Tour
Washington,DC 20019
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,340 sqft
Price per Sqft $170
Subdivision Marshall Heights
MLS Listing ID DCDC2168258
Style Colonial
Abv Grd Liv Area 2,340
Originating Board BRIGHT
Year Built 1952
Annual Tax Amount $20,155
Tax Year 2023
Lot Size 2,533 Sqft
Acres 0.06
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
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade,Below Grade
New Construction N
Schools
Elementary Schools C.W. Harris
Middle Schools Kelly Miller
High Schools H.D. Woodson
School District District Of Columbia Public Schools
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional,FHA 203(k),Cash,Private
Listing Terms Conventional,FHA 203(k),Cash,Private
Financing Conventional,FHA 203(k),Cash,Private
Special Listing Condition Standard