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Fran Valerio

fvalerio@soldincentralpa.com +1(717) 602-0551

Listed by Ari Firoozabadi • Greysteel Company LLC

$420,000

Est. payment - /mo

3,246 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,246 sqft

Price per Sqft $129

Subdivision Congress Heights

MLS Listing ID DCDC2241384

Style Other

Abv Grd Liv Area 2,640

Year Built 1950

Annual Tax Amount $4,948

Tax Year 2026

Lot Size 3,440 Sqft

Acres 0.08

Property Sub-Type Quadruplex

Source BRIGHT

Property Description

"THE OPPORTUNITY
426 Condon Terrace SE presents a well-located four-unit multifamily opportunity in the Washington Highlands neighborhood of Southeast DC. The building includes three 2BR/1BA units and one 4BR/1BA unit. With 50% current occupancy and strong location fundamentals, the property is well-suited for both investors seeking value-add potential and owner-occupants looking to reduce housing costs through rental income. Current occupied units are generating in-place rents of $700 (2BR) and $1,000 (4BR), with upside through lease-up and rent repositioning.

RENT CONTROL EXEMPT
As a four-unit property, 426 Condon Terrace SE qualifies for DC's rent control exemption for first-time multifamily owners. This designation allows future owners to implement market-based rent increases, giving them greater flexibility in income strategy over time compared to larger, regulated assets.

IDEAL FOR OWNER-OCCUPANT
With two of the four units currently vacant, this property presents a prime opportunity for an owner-occupant to live on-site while collecting income from the remaining units. This structure allows for reduced monthly housing expenses while building equity in a supply-constrained DC submarket.

FUNCTIONAL UNIT MIX WITH RENTAL UPSIDE
The unit mix consists of three two-bedroom units and one four-bedroom unit, providing a balance of family-sized layouts and more affordable options for smaller households. The vacant units offer clear upside through light renovations and market-rate leasing, with nearby comps supporting higher rent potential.

SURROUNDED BY COMMUNITY AMENITIES
The property is located next to the Washington Highlands Recreation Center and is just a two-minute walk to Hendley Elementary School and Oxon Run Park. This level of walkable access to public amenities increases renter appeal, particularly among families and long-term tenants.
ACCESSIBLE VIA MULTIPLE BUS ROUTES
426 Condon Terrace SE is located directly on the C13 Metrobus line, with additional access a short walk away to the C15 line. These routes provide connectivity to Potomac Ave and Anacostia Metro stations, as well as key destinations throughout Southeast DC, making the location convenient for commuters without a car."

Location

State DC

County Washington

Zoning R-3

Rooms

Basement Outside Entrance, Full

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Above Ground Finished SqFt 2640

Sewer Other

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 6154//0816

Ownership Fee Simple

SqFt Source 3246

Special Listing Condition Standard

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NEARBY SCHOOLS & PROPERTIES

Fran Valerio

Listing Specialist, Team Leader | RS RS311467

+1(717) 602-0551 | fvalerio@soldincentralpa.com

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426 CONDON TER SE Washington, DC 20032

Fran Valerio

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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426 CONDON TER SE