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4230 6th St SE - Turnkey 5-Unit Multifamily | 7.7% Cap Rate Investor-ready opportunity in Congress Heights, DC. This fully renovated 5-unit building delivers immediate income with minimal maintenance and strong upside potential. 📊 Financial Highlights NOI: $79,848 (Pro Forma 2025) Cap Rate: 9.4% at $850,000 ask Gross Income: $96,000 annually Unit Mix: 5 × 2BR/1BA ( 625 SF each) Avg Rent: $1,600/month per unit DSCR: 1.31 (25-yr amortization at 3.25%) Stabilized Value: $1.14M (5.75% cap) ðŸ Unit Details Floorplans: Each unit offers 2 spacious bedrooms, 1 full bath, and approx. 625 SF of living space. Kitchens: Galley-style layouts with new stainless steel appliances, modern cabinetry, and updated countertops. Living Areas: Bright, open layouts with LVP flooring, large windows, and 9' ceilings. Bathrooms: Renovated with contemporary tile, updated fixtures, and vanities. In-Unit Laundry: Each unit includes full-size washer/dryer. HVAC: Central heating & cooling in every apartment. ðŸ—ï¸ Property Highlights Built in 1953 | Fully renovated in 2022 Brick construction | Flat built-up roof Low operating expenses ( $27K annually) Walkout basement foundation 📠Location Benefits Prime Congress Heights corridor near Metro Green Line, I-295/I-495, St. Elizabeths Campus, and the Entertainment & Sports Arena. Tenants benefit from proximity to transit, retail, schools, hospitals, and parks. Strong demand and continued growth from neighborhood revitalization. 💼 Investor Incentive Seller will pay both sides of transfer & recordation taxes with ratified contract closing in 30 days. 📈 Ideal for 1031 exchange buyers, cash-flow investors, or out-of-state landlords seeking turnkey multifamily assets in DC.
| DAYS ON MARKET | 2 | LAST UPDATED | 8/27/2025 |
|---|---|---|---|
| YEAR BUILT | 1953 | COUNTY | WASHINGTON |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
|---|---|
| Elementary School | HENDLEY |
| Jr. High School | HART |
| High School | BALLOU |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| CONSTRUCTION | Brick |
| HEAT | Forced Air, Natural Gas |
| LOT | 6534 sq ft |
| LOT DESCRIPTION | Level |
| PARKING | On Street |
| SEWER | Septic Tank |
| STORIES | 3 |
| TAXES | 3293 |
| UTILITIES | Sewer Available, Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Street |
| WATER | Public |
| ZONING | Residential |
MORTGAGE CALCULATOR
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