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550 Malcolm X Ave
For Sale $430,000 ($233.06 per Sq Ft)
$430,000 ($233.06 per Sq Ft)
- 3 Bedrooms
- 3 Bathrooms
- 1,845 Sq Ft
- 1,566 Sq Ft
Description
Excellent opportunity to own a fully vacant three-unit multifamily property in the highly desirable Anacostia / Congress Heights area. This asset will be delivered 100% vacant at settlement, offering immediate flexibility for owner-occupants or investors without tenant displacement.
The property consists of three 1-bedroom, 1-bath units, a highly sought-after layout well suited for today’s rental demand. The move-in ready condition allows for immediate rental income, while also presenting upside through renovations, rebranding, or repositioning.
Ideally located just minutes from the Congress Heights Metro (Green Line), Joint Base Anacostia–Bolling (JBAB), and the transformative St. Elizabeths East redevelopment, including the Entertainment & Sports Arena, hospital, and expanding retail offerings. Proximity to JBAB supports consistent rental demand from military, civilian, and government professionals.
The surrounding area continues to experience strong appreciation and increased buyer and tenant demand. This property presents multiple investment strategies, including long-term rental hold, owner-occupant “live in one, rent the others,” or potential future condo conversion (buyer to verify). Convenient access to major commuter routes, public transportation, and neighborhood amenities.
A rare opportunity to secure a vacant multifamily asset in a rapidly evolving DC corridor.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $430,000 |
| Property Type | Single Family Homes |
| Usable Sqft | 1,845 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1941 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5985//0041 |
| MLS # | DCDC2231358 |
| Property ID | 318477675 |
| Lot Sqft | 1,566 |
| Zoning | R |
| Days on Market | 16 |
| Original List Price | Unknown |
| Date Updated | December 19, 2025 |
| Date Created | December 04, 2025 |
Listing Provided By
Joyce Abdallah an agent of . Lic #SP200200670
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Data last updated: December 20, 2025.
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Robert Crawford
REAL ESTATE AGENT