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2801 Q St
For Sale $499,999 ($155.28 per Sq Ft)
$499,999 ($155.28 per Sq Ft)
- 4 Units
- 3,220 Sq Ft
- 3,407 Sq Ft
- Unknown Cap Rate
Description
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.
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 | $499,999 |
| Property Type | Other |
| Usable Sqft | 3,220 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1937 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5584//0112 |
| MLS # | DCDC2225340 |
| Property ID | 320559455 |
| Lot Sqft | 3,407 |
| Zoning | - |
| Total Units | 4 |
| Days on Market | 114 |
| Original List Price | Unknown |
| Date Updated | January 16, 2026 |
| Date Created | September 30, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Ari Firoozabadi an agent of . Lic #PB98361353
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Data last updated: January 22, 2026.
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Robert Crawford
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