449 MELLON ST SE Active 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 2,848 sqft
Price per Sqft $203
Subdivision Congress Heights
MLS Listing ID DCDC2213294
Style Contemporary
Year Built 1942
Available Date 2025-07-31
Annual Tax Amount $5,055
Tax Year 2024
Lot Size 4,700 Sqft
Property Sub-Type Detached
Property Description
Calling all investors and owner-occupants!
449 Mellon Street SE presents an exceptional opportunity to own in the rapidly transforming Congress Heights neighborhood. With the redevelopment of the St. Elizabeths campus well underway and plans moving forward for the RFK Stadium site, this area is poised for continued growth and long-term upside.
For investors, the property offers a strong projected 10% cap rate, making it a high-performing asset in a developing market. For owner-occupants, take advantage of financing options with as little as 3% down, while the income from the remaining three units significantly offsets your mortgage. Unit #3 is vacant!
Additional benefits include the potential for cost segregation, real estate depreciation, and the ability to leverage your investment for future portfolio growth. Whether you're looking to expand your portfolio, house hack, or secure your primary residence with built-in income, this property checks all the boxes.
Schedule your private tour of 449 Mellon Street SE today and capitalize on this rare opportunity.
Location
State DC
County Washington
Zoning R1
Interior
Hot Water Natural Gas
Cooling Central A/C
Flooring Hardwood
Equipment Refrigerator,Built-In Microwave,Disposal
Exterior
Water Access N
Roof Type Flat
Building
Foundation Crawl Space
Sewer Approved System
Water Private,Holding Tank
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Special Listing Condition Standard