3919 R ST SE
Washington, DC 20020

Description:

3919 R Street SE, Washington, D.C. ( Fort Dupont Park) Nestled in the heart of the Fort Dupont Park community, 3919 R Street SE presents a rare opportunity to own a well-maintained, fully detached four-unit apartment building ideal for both investors and owner-occupants alike. The property features four spacious 2-bedroom, 1-bathroom units, with two currently vacant, offering immediate flexibility for new tenants or an owner looking to occupy a unit. Each unit is separately metered, and the building has benefited from several recent upgrades, including: New windows Updated countertops and flooring Renovated bathrooms Fresh interior and exterior paint Situated on a generous 6,190 SF lot with approximately 3,400 SF of living space, this property offers multiple investment strategies: Buy and hold for long-term rental income Live in one unit and rent out the others for supplemental income Condo conversion potential (subject to required approvals) Rental Potential: Based on current D.C. fair market rents, gross rental income is estimated between $72,000 – $76,800 annually (Section 8 rates range from $1,500 to $1,620 per unit, including utilities). Current Rent Roll: Two occupied units generating $34,080 annually. One additional unit expected to be leased in November or December, increasing annual income to approximately $52,080. Tenants pay gas and electric. With its strong income potential, flexible occupancy options, and desirable Fort Dupont Park location, 3919 R Street SE stands out as an excellent investment opportunity whether you’re expanding your portfolio or seeking a property that generates income while you live in it.