413 Atlantic Street SE, Washington, DC 20032 - Photo 1

1/1

$705,000

Sold
Closed
Multi-Family

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Property Description

Investment Opportunity - Entirely Vacant Multifamily Building! Situated at 413 Atlantic St SE, this completely vacant multifamily property boasts four expansive units with 3 bedrooms and 1 bathroom each, plus a basement unit offering 4 bedrooms and 2 bathrooms. In 2023, the building experienced a comprehensive interior renovation, which encompassed new finishes for unit interiors, enhancements to shared spaces, and the installation of new appliances, along with the replacement or repair of significant building systems. The latest appraisal values the property at $910,000, derived from an income approach based on $127,000 in annual gross rents and 32% operating expenses which leave a huge room for CASHFLOW Conveniently located near I-295 and South Capitol Street for easy commuting, the property is just minutes from the Congress Heights Metro Station (Green Line) and several bus lines.

Full Property Details

Full Property Details for 413 Atlantic St SE

General

Sold For: $705,000
Taxes: $23,022 (2023)
Status: Closed
Type: Multi-Family
Source: BrightMLSMidAtlantic
MLS ID: DCDC2159260
Added to Site: 519 day(s) ago

Parking

Parking Type: On Street

Location

County: Washington
Driving Directions: Please refer to Google maps or GPS.

School Information

School District: District Of Columbia Public Schools

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Electric
Heating Type: Forced Air
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Info: Other
Architectural Style: Other
Structure Type: Twin/Semi-Detached
Construction: Brick
Foundation: Other
Stories/Levels: 3
Square Feet: 4,725
Sq. Ft. Source: Estimated
Living Area: 4,725 Sq. Ft.
Year Built: 1943
Year Built Source: Assessor

Unit Information

Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3
3 Bedroom Units: 5

Lot Features

Lot Size (Acres): 0.13
Lot Size (Sq. Ft.): 5,500
Lot Size Source: Assessor
Zoning: R-2

Financial Considerations

Price Per Sq. Ft.: $148.13
Assessment Year: 2023
City/TownTax: $23,022
City/TownTax Freq: Annually
County Tax Freq: Annually
Tax w/Assessment: $460,440
Tax Amount: $23,022
Tax Year: 2023
Terms: Standard Sale

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 800

Listed by Keller Williams Capital Properties, Abel M Gebremichael
Sold by Sold 100 Real Estate, Inc., Onyebuchi C. Offodile

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Listing agent

— 413 Atlantic St SE —

Abel M Gebremichael

Keller Williams Capital Properties

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Schools

Schools serving 413 Atlantic St SE

School District:District of Columbia Public Schools

Name	Grades	Distance
Hendley Elementary School 425 Chesapeake Street Southeast, Washington, DC 20032	K-5	0.1 mi
Hart Middle School 601 Mississippi Avenue Southeast, Washington, DC 20032	6-8	0.5 mi
Ballou High School 3401 4th Street Southeast, Washington, DC 20032	9-12	0.6 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 413 Atlantic St SE

Date

Details

Price

Change

Source

10/31/2024

Sold

$705,000

0.73%

MLS

9/20/2024

Listed

$699,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Updated 2 days ago

4
Beds
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Total Baths
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Beds
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Total Baths
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Sq. Ft.

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413 Atlantic Street SE, Washington, DC 20032 (MLS# DCDC2159260) is a Multi-Family property that was sold at $705,000 on October 31, 2024. Want to learn more about 413 Atlantic Street SE? Do you have questions about finding other Multi-Family real estate for sale in Washington Highlands? You can browse all Washington Highlands real estate or contact a Coldwell Banker agent to request more information.

413 Atlantic St SE Washington, DC 20032