For Sale
$450,000

1737 Minnesota AveWashington, DC 20020

Four-unit building, high-demand area

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a four-unit apartment building located at 1737 Minnesota Ave SE, Washington, DC, 20020. The property, built in 1938, encompasses 3,200 square feet across two stories and sits on a lot with APN 5614-0009. Zoned RA-2, it offers convenient access to the Minnesota Ave Metro Station, I-295, and Pennsylvania Ave SE, placing it in a high-demand area with easy access to major transportation routes. Nearby amenities include Safeway, CVS, and various local restaurants. The property currently consists of four units, although three are currently not generating rental income. The building's condition is believed to be poor. This is an "As-Is" sale, subject to third-party approval as a short sale. Cash, private, hard money, or conventional financing is preferred. The property presents a significant value-add opportunity for a buyer willing to undertake renovations and lease-up. The property's location and potential for increased rental income make it an attractive investment prospect despite its current condition and occupancy. Serious inquiries only.

Highlights

  • $450,000 asking price.
  • Multifamily property with four units.
  • 3,200 square feet.
  • Built in 1938, two stories.
  • Located at 1737 Minnesota Ave SE, Washington, DC 20020.
  • RA-2 zoning.

Property Details for 1737 Minnesota Ave

Property type
Residential income homes, Dormitories
Square Feet
3,200 SF
Year Built
1938
Stories
2
Units
4

Location Insight

City
Washington
County
District Of Columbia
State
District of Columbia
Latitude
38.8688252
Longitude
-76.9795352
1737 Minnesota Ave, Washington, District of Columbia

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1737 Minnesota Ave
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