430 Condon Terrace SE
Washington, DC 20032
- – beds
- – baths
- 3,155 sqft
- $316 per sqft
- 1950 build
Rare investment opportunity in Southeast Washington, D.C. — 430 Condon Terrace SE is a fully vacant 5-unit multifamily building, each unit featuring 3 bedrooms and 1 bathroom and its own in unit laundry . This turnkey asset is being offered both for sale or as a master lease, providing flexible options for investors or operators looking to capitalize on the area's strong rental demand. Not subject to TOPA, this building allows for immediate acquisition or lease-up without tenant-related delays. The entire property was fully gutted and renovated in 2020, complete with new TPO roof, windows, floors, appliances, bathrooms, and more. Freshly painted. Previous Master Lease tenant rented each unit for $2,500/month. Market rents in the area range from $1,700-2,000+, making this an exceptional multifamily rental investment. The property presents significant income and value-add potential, with units that are ideal for workforce housing, co-living models, or long-term rentals. Delivered vacant, it’s primed for renovation, repositioning, or development into a high-yield asset in one of D.C.’s fastest-growing submarkets. Located just minutes from the Congress Heights Metro station, St. Elizabeths redevelopment, and the Entertainment & Sports Arena, the surrounding neighborhood is experiencing major public and private investment. Whether you're seeking a stabilized rental play, a redevelopment project, or a unique master lease opportunity, 430 Condon Terrace SE offers the scale, layout, and location to deliver exceptional returns.
Last checked:
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Last updated Apr 17, 2025
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MLS# DCDC2196052 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1950
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Year Built Source:Estimated
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Year Major Reno/Remodel:2020
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New Construction:No
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Construction Materials:Brick
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Building Units Total:4
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Structure Type:Other
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Architectural Style:Contemporary
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Accessibility Features:None
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Basement:No
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Total SqFt Source:Estimated
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Total Below Grade SqFt:606
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Total Below Grade SqFt Source:Estimated
Interior
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:3246
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Living Area SqFt:3,155 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:Immediate, 0-30 Days CD
Location
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Directions:PER GPS
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Latitude:38.83205000
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Longitude:-76.99972000
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Zoning:R-3
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In City Limits:Yes
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Soil Types:Unknown
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (571) 263-4154
- Office phone:
- (855) 450-0442
Taxes
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Tax ID Number:6154//0817
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Tax Year:2024
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Tax Lot:817
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Tax Annual Amount:$2,634
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Tax Assessed Value:$299,130
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Year Assessed:2024
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City/Town Tax:2634.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:90% Forced Air
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:District Of Columbia Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:Congress Heights
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Vacation Rental:No
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Three Bedroom Units:5
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/17/25
Apr 17, 2025
|
Listed / Active | BRIGHT | $999,900 |