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sales rep | Brivity IDX

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356 Raleigh St SE , Washington, DC 20032
$799,000
Est. Payment: $4,433.11/mo
5847 Sqft
0.11 Acres
Status: active | Days on site: 145
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DRPL1 - 116664
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House Description

The owner is willing to provide some Seller financing for a well qualified Buyer. Rare opportunity to acquire a nearly vacant 6-unit multifamily building totaling approximately 5,854 square feet in Southeast Washington, DC. The existing unit mix consists of three 1-bedroom units and three 2-bedroom units with hardwood flooring throughout much of the building. With only one occupied unit, the property offers investors exceptional operational flexibility and immediate value-add potential. Zoned RA-1, the property presents multiple repositioning opportunities, including potential reconfiguration of existing unit layouts, subject to buyer verification and required approvals. At nearly 5,854 square feet, the building offers substantially more scale than many multifamily assets currently available in Southeast Washington. Located adjacent to the Hillcrest Children and Family Center and near established community institutions, the property benefits from strong workforce housing demand and long-term residential stability. The approximately 4,600-square-foot lot also offers potential for future off-street parking improvements. Recent multifamily transactions in the surrounding area demonstrate continued investor demand for value-add opportunities. As a point of reference, a smaller four-unit multifamily property located at 815 Malcolm X Avenue SE containing approximately 3,024 square feet recently sold for $720,000. With six units, approximately 5,854 square feet, RA-1 zoning, and near-vacant delivery, 356 Raleigh Street SE offers significantly greater scale and multiple pathways for future value creation. Ideal for investors, developers, workforce housing operators, and long-term multifamily owners seeking a repositioning opportunity within Washington, DC.

Highlights

Listed by Kenn B Blagburn , 2024685917 DC Real Property,LLC , 2028008389. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.11

Year Built

1942

County

Washington

Neighborhood

Congress Heights

School District

District Of Columbia Public Schools

Listing ID

DCDC2265462

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Interior Features

Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Zoning:R5A
Roof:Unknown
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$4,433
Taxes
$97

Home Price

$799,000

Loan Details

30 yrs
7.417%

Down Payment

20%
$159,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,433.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,433.11 $97.48 $0.00 $4,530.59
Yearly $53,197.28 $1,169.78 $0.00 $54,367.06
Total $1,595,918.50 $35,093.40 $0.00 $1,631,011.90
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Washington, DC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T11:13:36.000Z

© 2026 Bright MLS