2506 N Street SE

Description

"THE OPPORTUNITY2506 N Street SE presents a four-unit multifamily opportunity in the Randle Highlands neighborhood of Southeast Washington, DC. The property includes a well-balanced unit mix of two 2BR/1BA units and two 3BR/1BA units. Currently 75% occupied with an average in-place rent of $1,800, the property is ideal for both investors and owner-occupants looking to build equity in a growing submarket.RENT CONTROL EXEMPTAs a four-unit property, 2506 N Street SE qualifies for DC’s rent control exemption for first-time multifamily owners. This status allows for market-based rent increases, providing greater flexibility in rent strategy and income growth than larger, rent-controlled assets.IDEAL FOR OWNER-OCCUPANTWith one of the four units currently vacant, the property presents an excellent opportunity for an owner-occupant to live on-site while collecting income from the remaining units. This approach provides a cost-effective path to homeownership while benefiting from steady rental income and long-term appreciation.DIVERSE, RENTABLE UNIT MIXThe unit mix of two 2BR and two 3BR layouts supports broad tenant appeal, from smaller households to larger families or roommate groups. Spacious floorplans offer a competitive advantage in a rental market where demand for affordable multi-bedroom housing remains high.ACCESS TO PARKS AND OUTDOOR SPACEThe property is located immediately adjacent to River Park and just a four-minute walk to Fort Dupont Park, one of DC’s largest and most historic green spaces. These amenities offer significant appeal to renters seeking outdoor access and family-friendly environments within city limits.WELL-SERVED BY TRANSIT2506 N Street SE is located along the C31 Metrobus route, which connects to both Navy Yard and Capitol Heights Metro Stations. This direct link to major transit hubs and employment centers enhances the property’s accessibility and long-term rental demand."