Welcome to a rare, turnkey opportunity in the heart of SE Washington, DC. This isn't just a renovation; it's a complete transformation. With over $250,000 invested in a top-to-bottom overhaul, 501 32nd St SE has been reimagined as a sophisticated four-unit multifamily property that offers the peace of mind of… Read More new construction backed by the enduring strength of its original masonry. Virtually almost every component of this building is brand new. The structure was extensively gutted and rebuilt with new framing, joists, studs, and supports. Beyond the foundation and the exterior brick, everything has been replaced: a new roof, high-efficiency HVAC systems, updated plumbing, modern electrical, and energy-efficient windows throughout. Inside, each of the four units exudes contemporary style. You'll find designer paint schemes, hardwood flooring, and sleek new cabinetry paired with modern fixtures. The redesign prioritized both aesthetics and effortless management, ensuring each unit feels like a high-end urban retreat. For the savvy investor, this property is a high-performing asset from day one. The "heavy lifting" is finished, offering a true plug-and-play addition to your portfolio. Furthermore, the quality of the finishes and the structural upgrades provide a clear and lucrative path for a future condo conversion. Whether you are looking to maximize rental yields or execute a strategic conversion, this property stands out as a premier choice in the city's evolving landscape. It's rare to find a multi-unit building of this caliber where every detail has been handled with such precision - all that's left is to start collecting rent. Read Less
Courtesy of Austen Rowland, Compass 301-304-8444
Listing Snapshot
Days Online
48
Last Updated
Property Type
Quadruplex
Square Ft.
2,336
Lot Size
0.05 Acres
Year Built
1953
MLS Number
DCDC2275076
Additional Details
Building
Built in 1953, Living area: 2336
Cooling
Central A/C
Heating
Forced Air
Lot
0.05 acres
Property
Other structures: Above Grade
Sewer
Public Sewer
Taxes
Annual Amount: $3,939, Year: 2026, Zoning: R5A
Utilities
Water Source: Public
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