4230 6th St SE – Turnkey 5-Unit Multifamily | 7.7% Cap Rate Investor-ready opportunity in Congress Heights, DC. This fully renovated 5-unit building delivers immediate income with minimal maintenance and strong upside potential. 📊 Financial Highlights NOI: $79,848 (Pro Forma 2025) Cap Rate: 9.4% at $850,000 ask Gross Income: $96,000 annually Unit Mix: 5 × 2BR/1BA ( 625 SF each) Avg Rent: $1,600/month per unit DSCR: 1.31 (25-yr amortization at 3.25%) Stabilized Value: $1.14M (5.75% cap) 🏠 Unit Details Floorplans: Each unit offers 2 spacious bedrooms, 1 full bath, and approx. 625 SF of living space. Kitchens: Galley-style layouts with new stainless steel appliances, modern cabinetry, and updated countertops. Living Areas: Bright, open layouts with LVP flooring, large windows, and 9’ ceilings. Bathrooms: Renovated with contemporary tile, updated fixtures, and vanities. In-Unit Laundry: Each unit includes full-size washer/dryer. HVAC: Central heating & cooling in every apartment. 🏗️ Property Highlights Built in 1953 | Fully renovated in 2022 Brick construction | Flat built-up roof Low operating expenses ( $27K annually) Walkout basement foundation 📍 Location Benefits Prime Congress Heights corridor near Metro Green Line, I-295/I-495, St. Elizabeths Campus, and the Entertainment & Sports Arena. Tenants benefit from proximity to transit, retail, schools, hospitals, and parks. Strong demand and continued growth from neighborhood revitalization. 💼 Investor Incentive Seller will pay both sides of transfer & recordation taxes with ratified contract closing in 30 days. 📈 Ideal for 1031 exchange buyers, cash-flow investors, or out-of-state landlords seeking turnkey multifamily assets in DC.

Listing courtesy of Century 21 Redwood Realty



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