331 PARKLAND PL SE new to site Save Request In-Person Tour Request Virtual Tour
Washington,DC 20032
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,720 sqft
Price per Sqft $202
Subdivision Congress Heights
MLS Listing ID DCDC2230358
Style Other
Abv Grd Liv Area 2,720
Year Built 1942
Available Date 2025-11-07
Annual Tax Amount $4,354
Tax Year 2025
Lot Size 3360.000 Acres
Acres 3360.0
Property Sub-Type Detached
Source BRIGHT
Property Description
I am pleased to present a remarkable 4-unit building located at 331 Parkland Place SE. This is an ideal choice for an owner-occupant and savvy investors alike. With an asking price of $550,000, this property features four 1-bedroom units that have had recent improvements in the last 5 years making this a turn-key opportunity.
Each unit offers a comfortable living/dining area, a galley kitchen with gas cooking, and one full bath. Two of the units are currently vacant with a third unit expected to be vacant by 12/1/25. Zoned RA-1, this property presents low- to moderate-density apartment development potential, allowing for expansion of the existing structure, subject to DC zoning approvals. Ideally situated near the Congress Heights Metro Station, the Congress Heights Arts & Culture Center, and the St. Elizabeths redevelopment, residents will enjoy convenient access to dining, entertainment, and major commuter routes, including I-295, Alabama Avenue SE, Malcolm X Avenue SE and MLK Jr. Avenue SE.
With strong rental demand and ongoing neighborhood growth, this multifamily opportunity offers both immediate cash flow and long-term investment potential. Perfect for buy-and-hold investors, 1031 exchange buyers, or developers seeking future upside in a well-positioned Southeast DC location. Don't miss out on this exceptional opportunity!
Location
State DC
County Washington
Zoning 023
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Exterior Feature Patio(s)
Water Access N
Accessibility None
Porch Patio(s)
Garage N
Building
Foundation Slab
Above Ground Finished SqFt 2720
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
High Schools Anacostia
School District District Of Columbia Public Schools
Others
Tax ID 5988//0070
Ownership Fee Simple
SqFt Source 2720
Security Features Main Entrance Lock
Acceptable Financing Cash,Conventional,FHA,VA,Private,Other
Listing Terms Cash,Conventional,FHA,VA,Private,Other
Financing Cash,Conventional,FHA,VA,Private,Other
Special Listing Condition Standard