1. District of Columbia
2. Washington
3. 2801 Q ST SE

2801 Q ST SE, Washington, DC 20020

• 3,220 sqft

Property Description

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.

Listing Status:

Active

Listing Office:

Greysteel Company LLC : 2022802722

Listing Agent:

Ari Firoozabadi : 2022802722

MLS ID:

DCDC2225340

Interior

• A/C: None
• Heating: None
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Other

Construction

• General: Brick

Location

• Originating MLS: BRIGHT_MAIN
• School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
• County: WASHINGTON-DC

Lot

• Zoning: -5584//0112

Utilities

• Water: Other
• Sewer: Other

Financial

• Source: BRIGHT_MAIN

This listing courtesy of Ari Firoozabadi, Greysteel Company LLC