2823 4TH ST NE
Washington, DC 20002

Description:

Rare opportunity to acquire a vacant four-unit multifamily property in Brookland with approximately 3,480 square feet of living space and multiple potential strategies for investors, developers, or owner-occupants. The existing property offers flexibility for renovation, reconfiguration, or potential expansion, subject to zoning, permitting, and applicable approvals. Each unit includes a den, providing additional flexibility for future use. The property presents an opportunity to reposition the existing four-unit configuration into larger, modern residences designed to meet demand for spacious urban rental housing. Potential concepts may include two-bedroom/two-bath or three-bedroom/two-bath layouts, depending on your final design. Adding a full roof deck would make the property more attractive for all tenants and allows for higher rental prices. The building has the capacity for 4 or more parking spaces in the rear of the building. The vacant condition allows a purchaser to begin planning without the constraints of existing tenants or leases. For an investor, the property can be evaluated as a value-add multifamily opportunity, with the potential to renovate and stabilize the existing units or pursue a more extensive redevelopment strategy. An owner-occupant could also explore living in one unit while leasing the remaining units, subject to the final configuration and applicable requirements. Located in Brookland, known for its tree-lined streets, historic architecture, community atmosphere, and convenient access to major educational and medical institutions. The property is near The Catholic University of America, Trinity Washington University, MedStar Washington Hospital Center, the Washington VA Medical Center, and Children's National Hospital. Nearby neighborhood amenities include Monroe Street Market, the Arts Walk, local restaurants and coffee shops, grocery stores, parks, recreational facilities, and the Metropolitan Branch Trail. Turkey Thicket Recreation Center and the National Arboretum are also nearby. Commuters benefit from convenient access to the Brookland-CUA Metro Station on the Red Line, Metrobus service, Rhode Island Avenue, Michigan Avenue, New York Avenue, South Dakota Avenue, and the Baltimore-Washington Parkway. With its existing four-unit configuration, vacant status, flexible floor plans, and location within established Brookland, 2823 4th Street NE offers an opportunity to acquire, renovate, reposition, and potentially expand a multifamily asset in Northeast Washington, DC.