$ 580,000
-
$580,000
Price -
8
Bed -
0
Bath -
2,848
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing CBRB106 - 3094849
Calling all investors and owner-occupants! 449 Mellon Street SE presents an exceptional opportunity to own in the rapidly transforming Congress Heights neighborhood. With the redevelopment of the St. Elizabeths campus well underway and plans moving forward for the RFK Stadium site, this area is poised for continued growth and long-term upside. For investors, the property offers a strong projected 10% cap rate, making it a high-performing asset in a developing market. For owner-occupants, take advantage of financing options with as little as 3% down, while the income from the remaining three units significantly offsets your mortgage. Unit #3 is vacant! Additional benefits include the potential for cost segregation, real estate depreciation, and the ability to leverage your investment for future portfolio growth. Whether you're looking to expand your portfolio, house hack, or secure your primary residence with built-in income, this property checks all the boxes. Schedule your private tour of 449 Mellon Street SE today and capitalize on this rare opportunity.
Listing Highlights
Status
Active With Contingency
Days on Site
143
Property Type
Multi-Family
MLS ®
DCDC2213294
Year Built
1942
Total Square Footage
2,848
Lot/Acreage
0.11
Interior Details
- Bedrooms: 8
- Bathrooms: 0 Full
- Appliances: Refrigerator, Built-In Microwave, Disposal
- Air Cond: Central A/C
- Heating: 90% Forced Air
- Fireplaces:
- Floor: Hardwood
- Above Ground Sq Ft: 2848
- Below Ground Sq Ft: 0
- Basement:
- Other: Cedar Closet(s),Combination Dining/Living,Floor Plan - Traditional,Kitchen - Galley
- Water: Private,Holding Tank
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: R1
- Roof: Flat
- Others: Good
- Sewer: Approved System
- Parking Features: On Street
Financial Details
- Tax Amount: $5,055
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
449 Mellon St SE Washington, DC 20032
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
