$530,000

735 ALABAMA AVE SE, Washington, DC 20032

  • 3,236 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1925
  • Property Lot Size Icon3,485sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $164/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

FOR SALE – 735 Alabama Avenue SE, Washington, DC 20032 Asking Price: $545,000 Zoning: RA-1 – Expansion Potential A strong multifamily opportunity in the heart of Congress Heights—735 Alabama Avenue SE is a 4-unit apartment building offering a mix of current cash flow, value-add upside, and future development potential. The property features three 1-bedroom units and one 2-bedroom unit. Three of the four units are currently vacant, including the 2-bedroom apartment, giving investors or owner-occupants the flexibility to renovate and lease at market rates. One of the upper-level 1-bedroom units has been recently renovated with updated finishes. The property also includes three off-street parking spaces, a rare and highly desirable amenity in the area. The RA-1 zoning allows for low- to moderate-density apartment development and provides a pathway for expansion of the existing structure, subject to DC zoning approvals. Ideally located near the Congress Heights Metro Station, the St. Elizabeths redevelopment, and numerous public amenities, this property benefits from proximity to ongoing investment and neighborhood growth. Property Highlights: Four Units: (Three 1BR / One 2BR) Two Vacant Units Including the 2BR Recently Renovated Upper-Level 1BR Three Off-Street Parking Spaces Zoned RA-1 – Potential for Expansion Proximity to Metro, Retail, and Redevelopment Activity Perfect for buy-and-hold investors, 1031 exchange buyers, or developers seeking future upside in a well-positioned Southeast DC location.

Listing Status:
Active
Date Added:
May 12, 2025 at 05:00AM
Listing Office:
DC Real Property,LLC : 2028008389
Listing Agent:
Kenn B Blagburn : 2024685917
MLS ID:
DCDC2199100
  • Basement: Side entrance
  • A/C: Central A/C
  • Heating: Hot WaterNatural GasCentral
  • Disability Feature: None

This listing courtesy of Kenn B Blagburn, DC Real Property,LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Martin Luther King Elementary School

3200 6th St SE, Washington, DC, 20032

Grades EE-5

0.19 miles away

H

Hart Middle School

601 Mississippi Ave SE, Washington, DC, 20032

Grades 6-8

0.43 miles away

B

Ballou Stay High School

3401 4th St SE, Washington, DC, 20032

Grades 9-12

0.49 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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