About the Listing GRYS1 - 136386

THE OPPORTUNITY 104 Atlantic Street SE presents a compelling opportunity to acquire a six-unit multifamily asset in the growing Congress Heights submarket of Southeast Washington, DC. The property consists of six 1BR/1BA units, with 50% current occupancy and an average in-place rent of $1,369. With strategic lease-up and light renovation, investors can unlock immediate value and long-term rent growth in a supply-constrained, workforce housing corridor. UPSIDE THROUGH LEASE-UP AND LIGHT VALUE-ADD With three units currently vacant, the property offers clear upside through unit turnarounds and operational stabilization. The existing rents are below market for the area, creating an opportunity to capture rental premiums through basic improvements and market-rate leasing. EFFICIENT, RENTABLE FLOORPLANS Each of the six units features a 1BR/1BA layout, ideal for young professionals, seniors, or singles seeking affordability within city limits. Smaller units keep turnover and maintenance costs lower, while offering solid cash flow potential in a high-demand rental bracket. CONNECTED CONGRESS HEIGHTS LOCATION Located near South Capitol Street and the Suitland Parkway, the property offers strong commuter connectivity via public transit. It sits directly adjacent to the C17 Metrobus line, which provides direct service to Downtown Anacostia and the Anacostia Metro Station. It is also walkable to the C11 line, offering service through Congress Heights, Navy Yard, and Downtown DC, with a final stop at L’Enfant Plaza, and southbound access extending to National Harbor. This level of transit access enhances the property's appeal to renters seeking affordable housing with convenient connections to major employment and entertainment centers across the District and Prince George’s County.

Listing Highlights