Washington, DC 20019,2506 N ST SE
Washington, DC 20019,2506 N ST SE
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$775,000
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3,480 SqFt
New

2506 N ST SE Washington, DC 20019

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,480 sqft

Price per Sqft $222

MLS Listing ID DCDC2241352

Style Other

Abv Grd Liv Area 3,480

Year Built 1941

Annual Tax Amount $5,928

Tax Year 2025

Lot Size 3,262 Sqft

Acres 0.07

Property Sub-Type Quadruplex

Source BRIGHT

Property Description

"THE OPPORTUNITY
2506 N Street SE presents a four-unit multifamily opportunity in the Randle Highlands neighborhood of Southeast Washington, DC. The property includes a well-balanced unit mix of two 2BR/1BA units and two 3BR/1BA units. Currently 75% occupied with an average in-place rent of $1,800, the property is ideal for both investors and owner-occupants looking to build equity in a growing submarket.

RENT CONTROL EXEMPT
As a four-unit property, 2506 N Street SE qualifies for DC's rent control exemption for first-time multifamily owners. This status allows for market-based rent increases, providing greater flexibility in rent strategy and income growth than larger, rent-controlled assets.

IDEAL FOR OWNER-OCCUPANT
With one of the four units currently vacant, the property presents an excellent opportunity for an owner-occupant to live on-site while collecting income from the remaining units. This approach provides a cost-effective path to homeownership while benefiting from steady rental income and long-term appreciation.

DIVERSE, RENTABLE UNIT MIX
The unit mix of two 2BR and two 3BR layouts supports broad tenant appeal, from smaller households to larger families or roommate groups. Spacious floorplans offer a competitive advantage in a rental market where demand for affordable multi-bedroom housing remains high.

ACCESS TO PARKS AND OUTDOOR SPACE
The property is located immediately adjacent to River Park and just a four-minute walk to Fort Dupont Park, one of DC's largest and most historic green spaces. These amenities offer significant appeal to renters seeking outdoor access and family-friendly environments within city limits.

WELL-SERVED BY TRANSIT
2506 N Street SE is located along the C31 Metrobus route, which connects to both Navy Yard and Capitol Heights Metro Stations. This direct link to major transit hubs and employment centers enhances the property's accessibility and long-term rental demand."

Location

State DC

County Washington

Zoning RA-1

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Above Ground Finished SqFt 3480

Sewer Other

Water Community

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 5554//0814

Ownership Fee Simple

SqFt Source 3480

Special Listing Condition Standard

Bright MLS (BMLS)

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Jonathan Greene

Jonathan Greene

Broker of Record | License ID: 1433604

+1(973) 873-0734

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