2801 Q St Se, Washington, DC 20020
Local realty services provided by:CENTURY 21 New Millennium
2801 Q St Se,Washington, DC 20020
$499,999
- - Beds
- - Baths
- 3,220 sq. ft.
- Multi-family
- Active
Listed by: ari firoozabadi
Office: greysteel company llc.
MLS#:DCDC2225340
Source:BRIGHTMLS
Price summary
- Price:$499,999
- Price per sq. ft.:$155.28
About this home
THE OPPORTUNITY
A prime investment located directly off the rapidly developing Pennsylvania Avenue Corridor, just minutes from the U.S. Capitol. The 4-unit building features 2 vacant and 2 occupied spacious units, offering both immediate cash flow and long-term value-add potential in a high-demand submarket.
PRIME LOCATION & CONNECTIVITY
The property sits directly off Pennsylvania Avenue SE, with seamless access to I-295 (10 minutes) and I-495 (15 minutes). It is just two miles from the Naylor Road Metro Station (Green Line), providing direct connections to Downtown D.C., Union Station, and Reagan National Airport. In addition, Randle Highlands Elementary School is only a 4-minute walk from the property, further enhancing the appeal for families and long-term renters.
VALUE-ADD UPSIDE
The property is currently 50% vacant, creating a near-term leasing opportunity. Existing rents average $1,150, while new leases can be signed at 30% higher rates. Additionally, the units’ layouts are well-suited for bedroom conversions. With modest upgrades, one- and two-bedroom units can be repositioned into two- and three-bedroom units, achieving market rents of approximately $1,836 and $2,810, respectively.
THRIVING SUBMARKET
The neighborhood is undergoing sustained revitalization. Major projects such as Skyland Town Center and The Shops at Penn Branch have delivered 600 new multifamily units, 100,000+ SF of retail, and the first full-service gym east of the Anacostia River. These amenities continue to attract residents and strengthen long-term rental demand.
EQUITY BUILDING AT A DISCOUNT
With multiple loan products available, buyers can build equity more efficiently than renting locally. For example, FHA financing up to 96.5% allows minimized cash-to-close and reduced monthly debt service, with principal and interest payments offset by rental income.
Contact an agent
Home facts
- Year built:1937
- Listing ID #:DCDC2225340
- Added:118 day(s) ago
- Updated:January 28, 2026 at 02:43 PM
Rooms and interior
- Living area:3,220 sq. ft.
Structure and exterior
- Year built:1937
- Building area:3,220 sq. ft.
- Lot area:0.08 Acres
Finances and disclosures
- Price:$499,999
- Price per sq. ft.:$155.28
- Tax amount:$5,534 (2025)
New listings near 2801 Q St Se
- New
$455,000Active1 beds 1 baths743 sq. ft.4101 Albemarle St Nw #436, WASHINGTON, DC 20016
MLS# DCDC2233292Listed by: CORCORAN MCENEARNEY - Coming Soon
$875,000Coming Soon3 beds 4 baths3916 8th St Nw #b, WASHINGTON, DC 20011
MLS# DCDC2243364Listed by: KELLER WILLIAMS REALTY - Open Sun, 1 to 3pmNew
$375,000Active1 beds 1 baths644 sq. ft.2627 Adams Mill Rd Nw #402, WASHINGTON, DC 20009
MLS# DCDC2242130Listed by: COMPASS - Coming Soon
$350,000Coming Soon2 beds 1 baths2900 South Dakota Ave Ne, WASHINGTON, DC 20018
MLS# DCDC2243250Listed by: KELLER WILLIAMS REALTY - Coming Soon
$455,000Coming Soon1 beds 1 baths2351 Champlain St Nw #c4, WASHINGTON, DC 20009
MLS# DCDC2243204Listed by: COMPASS - Coming Soon
$765,000Coming Soon5 beds 2 baths1811 Lawrence St Ne, WASHINGTON, DC 20018
MLS# DCDC2235634Listed by: COLDWELL BANKER REALTY - WASHINGTON - New
$899,999Active3 beds 1 baths862 sq. ft.650 E Street Se, WASHINGTON, DC 20003
MLS# DCDC2240082Listed by: REALTY ONE GROUP CAPITAL - Open Sat, 12 to 2pmNew
$944,900Active5 beds 3 baths2,520 sq. ft.3422 Pennsylvania Ave Se, WASHINGTON, DC 20020
MLS# DCDC2242896Listed by: RLAH @PROPERTIES - Coming SoonOpen Sat, 12 to 2pm
$425,000Coming Soon1 beds 1 baths1510 North Capitol St Nw #101, WASHINGTON, DC 20002
MLS# DCDC2232634Listed by: COMPASS - Coming Soon
$545,000Coming Soon3 beds 4 baths2382 Elvans Rd Se, WASHINGTON, DC 20020
MLS# DCDC2243240Listed by: COLDWELL BANKER REALTY