220 21ST ST NE
Washington, DC 20002

Description:

Capitalize on the future growth of the proposed Commanders “Plaza District” with this cash-flowing multifamily asset offering a strong rental history and long-term upside. The seller welcomes VA, FHA, and Fannie Mae multifamily owner-occupant buyers, creating a unique opportunity to live in one unit while generating income from the others. Interior photos are of Unit 3, which is the only vacant unit available for showings prior to ratification. Please do not disturb current tenants. The property is currently generating $3,124/month in rental income from three occupied units, providing immediate cash flow with additional upside through leasing the vacant unit. Ideally positioned near some of Washington, DC’s best dining, retail, and nightlife, the property benefits from continued neighborhood growth and strong investor interest. Located directly across from the future redevelopment of the RFK Stadium site—projected for completion around 2030—this area is poised for significant revitalization, enhancing both demand and long-term appreciation potential. Tenants enjoy convenient access to shopping, parks, and public transportation, all while being part of a well-established residential community. This property presents a compelling opportunity for both investors and owner-occupants seeking stable cash flow and future value growth. Opportunities to further increase value include potential vertical expansion (rooftop addition) or extending the existing footprint to create additional bedrooms or living space (buyer to verify). Some photos may be virtually staged.