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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,480 sqft
Price per Sqft $201
MLS Listing ID DCDC2241352
Style Other
Abv Grd Liv Area 3,480
Year Built 1941
Annual Tax Amount $5,928
Tax Year 2025
Lot Size 3,262 Sqft
Acres 0.07
Property Sub-Type Quadruplex
Source BRIGHT
Property Description
2506 N Street SE presents a four-unit multifamily opportunity in the Randle Highlands neighborhood of Southeast Washington, DC. The property includes a well-balanced unit mix of two 2BR/1BA units and two 3BR/1BA units. Currently 75% occupied with an average in-place rent of $1,800, the property is ideal for both investors and owner-occupants looking to build equity in a growing submarket.
RENT CONTROL EXEMPT
As a four-unit property, 2506 N Street SE qualifies for DC's rent control exemption for first-time multifamily owners. This status allows for market-based rent increases, providing greater flexibility in rent strategy and income growth than larger, rent-controlled assets.
IDEAL FOR OWNER-OCCUPANT
With one of the four units currently vacant, the property presents an excellent opportunity for an owner-occupant to live on-site while collecting income from the remaining units. This approach provides a cost-effective path to homeownership while benefiting from steady rental income and long-term appreciation.
DIVERSE, RENTABLE UNIT MIX
The unit mix of two 2BR and two 3BR layouts supports broad tenant appeal, from smaller households to larger families or roommate groups. Spacious floorplans offer a competitive advantage in a rental market where demand for affordable multi-bedroom housing remains high.
ACCESS TO PARKS AND OUTDOOR SPACE
The property is located immediately adjacent to River Park and just a four-minute walk to Fort Dupont Park, one of DC's largest and most historic green spaces. These amenities offer significant appeal to renters seeking outdoor access and family-friendly environments within city limits.
WELL-SERVED BY TRANSIT
2506 N Street SE is located along the C31 Metrobus route, which connects to both Navy Yard and Capitol Heights Metro Stations. This direct link to major transit hubs and employment centers enhances the property's accessibility and long-term rental demand."
Location
State DC
County Washington
Zoning RA-1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Above Ground Finished SqFt 3480
Sewer Other
Water Community
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5554//0814
Ownership Fee Simple
SqFt Source 3480
Special Listing Condition Standard
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Nearby Locations
Questions About This Property?
Saad Jamil
(703) 782-4830Arslan Jamil
(571) 621-5413GET MORE INFORMATION
