1. District of Columbia
2. Washington
3. 119 53RD STREET

119 53RD STREET, Washington, DC 20019

• 2,340 sqft

Property Description

Situated in the up-and-coming neighborhood of Marshall Heights, this vacant 4-unit building presents a prime opportunity for developers, investors, or contractors. The property is currently configured with 4 one-bedroom, one-bathroom apartments and needs a complete renovation, offering a variety of potential redevelopment options. Option 1 - Renovate and Rent: Restore the existing units to their full potential and create a steady rental income stream in this rapidly developing area. Option 2 - Convert to Condominiums: With rising demand for homeownership options in the district, the building is a perfect candidate for a condo conversion, allowing for profitable individual unit sales. Option 3 - Create Two Townhouses: The property’s layout provides flexibility to reconfigure the space into two spacious, modern townhouses that will appeal to owner-occupiers or high-end rental markets. Whether you are looking to generate cash flow, flip for profit, or create luxury condos or townhomes, this property offers substantial potential.

Listing Status:

Pending

Date Added:

March 26, 2025 at 05:00AM

Listing Office:

RE/MAX Allegiance : 2023388900

Listing Agent:

Cornelius R Henderson : 2029640532

MLS ID:

DCDC2168258

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This listing courtesy of Cornelius R Henderson, RE/MAX Allegiance