4230 6TH ST SE, WASHINGTON, District Of Columbia 20032 - $850,000
For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com
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.
For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com
For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com
For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com
For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com
For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com
For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com
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Virginia Estates uses MLS data from Charlottesville Area Association of Realtors, Richmond Association of Realtors, Chesapeake Bay & Rivers Association, and Bright MLS to generate real estate listings for sale on this website. This information is deemed to be reliable, but not guaranteed. Virginia Estates has attempted to offer accurate data, but buyers are advised to confirm all items from IDX and from this website. Century 21 Redwood Realty represents the interest of the seller 2025063674 DCDC2216376. What is IDX? According to IDXBroker.com, IDX (Internet Data Exchange) allows agents and brokers to access and display MLS listing information on their real estate websites. Also known as Broker Reciprocity, the term "IDX" refers to the software, rules and regulations which allow MLS data to show on your site. This data feed typically encompasses the listing data for properties entered into the MLS system, while IDX rules may determine where, what, and how it is displayed.
For buyer representation by Virginia Estates contact RICK WALDEN 434-981-5923, RICK@VIRGINIAESTATES.COM.