$499,900

3427 B ST SE, Washington, DC 20019

  • 2,240 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $223/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

Solid brick 4-unit multifamily in DC’s Greenway neighborhood. Built in 1950, this durable two-story walk-up features four 1-bedroom/1-bath apartments, a unit type that is always in demand. Three units are currently leased at $1,000/month each, well below market rents, creating a clear opportunity for immediate upside. With average 1-bedroom rents in 20019 ranging from $1,300–$1,600/month and premium units reaching $1,800+, updated units here could generate significantly higher returns. At current rents, the property brings in approx. $36,000/year. Brought up to market rates, annual income potential rises to $62,400–$72,000+, making this a true value-add investment. Located near Minnesota Ave Metro and major bus lines, with ongoing revitalization in Ward 7, 3427 B St SE offers both immediate cash flow and long-term appreciation potential. Perfect for seasoned investors or first-time multifamily buyers.

Listing Status:
Active
Listing Office:
RLAH @properties : 2025188781
Listing Agent:
Tohmai Smith : 2026389497
MLS ID:
DCDC2216132
  • A/C: Central A/CWindow Unit(s)
  • Heating: Forced AirCentralNatural GasElectric
  • Disability Feature: Level Entry - Main

This listing courtesy of Tohmai Smith, RLAH @properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  â€ 
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

K

Kimball Elementary School

3375 Minnesota Ave SE, Washington, DC, 20019

Grades EE-5

0.29 miles away

S

Sousa Middle School

3650 Ely Pl SE, Washington, DC, 20019

Grades 6-8

0.28 miles away

R

River Terrace Education Campus

405 Anacostia Ave NE, Washington, DC, 20019

Grades 3-12

0.56 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listings Nearby