4230 6TH St SE Washington, DC 20032

4230 6th St SE Turnkey 5-Unit Multifamily | 7.7% Cap Rate

Investor-ready opportunity in Congress Heights, DC. This fully renovated 5-unit building delivers immediate income with minimal maintenance and strong upside potential.

Financial Highlights

NOI: $79,848 (Pro Forma 2025)

Cap Rate: 9.4% at $850,000 ask

Gross Income: $96,000 annually

Unit Mix: 5 2BR/1BA ( 625 SF each)

Avg Rent: $1,600/month per unit

DSCR: 1.31 (25-yr amortization at 3.25%)

Stabilized Value: $1.14M (5.75% cap)

Unit Details

Floorplans: Each unit offers 2 spacious bedrooms, 1 full bath, and approx. 625 SF of living space.

Kitchens: Galley-style layouts with new stainless steel appliances, modern cabinetry, and updated countertops.

Living Areas: Bright, open layouts with LVP flooring, large windows, and 9 ceilings.

Bathrooms: Renovated with contemporary tile, updated fixtures, and vanities.

In-Unit Laundry: Each unit includes full-size washer/dryer.

HVAC: Central heating & cooling in every apartment.

Property Highlights

Built in 1953 | Fully renovated in 2022

Brick construction | Flat built-up roof

Low operating expenses ( $27K annually)

Walkout basement foundation

Location Benefits

Prime Congress Heights corridor near Metro Green Line, I-295/I-495, St. Elizabeths Campus, and the Entertainment & Sports Arena. Tenants benefit from proximity to transit, retail, schools, hospitals, and parks. Strong demand and continued growth from neighborhood revitalization.

Investor Incentive

Seller will pay both sides of transfer & recordation taxes with ratified contract closing in 30 days.

Ideal for 1031 exchange buyers, cash-flow investors, or out-of-state landlords seeking turnkey multifamily assets in DC.