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Listed by Stefan Rosu • Keller Williams Capital Properties
$1,620,000
Est. payment /mo
0.37 Acres Lot
New
808 CHESAPEAKE ST SE Washington, DC 20032
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Congress Heights
MLS Listing ID DCDC2266890
Year Built 1963
Annual Tax Amount $12,780
Tax Year 2025
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Value-add opportunity to purchase a renovated 14 unit apartment building with 4 vacancies in Congress Heights. Favorable unit mix with mostly 2 and 3 bedrooms, average size is 857 SF. It may also be possible to combine units and create a 15th apartment in the basement. Pro forma NOI is almost $200,000, a 12.5% cap at the list price.
The building has been renovated and features central air as well as renovated kitchens, baths, and flooring in most units. Sub metered for electric and gas. There is on-site parking for at least 10 cars.
The property is located less than a mile away from the Eastover Shopping Center that is anchored by a Giant. Additional transformative development east of the Anacostia river includes Skyland Town Center and St. Elizabeth's.
The building has been renovated and features central air as well as renovated kitchens, baths, and flooring in most units. Sub metered for electric and gas. There is on-site parking for at least 10 cars.
The property is located less than a mile away from the Eastover Shopping Center that is anchored by a Giant. Additional transformative development east of the Anacostia river includes Skyland Town Center and St. Elizabeth's.
Location
State DC
County Washington
Zoning RF-1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Water Access N
Accessibility Other
Total Parking Spaces 10
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 6160//0873
Ownership Fee Simple
Special Listing Condition Standard
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