Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
1953
Sq.Footage
2,336
Welcome to a rare, turnkey opportunity in the heart of SE Washington, DC. This isn't just a renovation; it’s a complete transformation. With over $250,000 invested in a top-to-bottom overhaul, 501 32nd St SE has been reimagined as a sophisticated four-unit multifamily property that offers the peace of mind of new construction backed by the enduring strength of its original masonry. Virtually almost every component of this building is brand new. The structure was extensively gutted and rebuilt with new framing, joists, studs, and supports. Beyond the foundation and the exterior brick, everything has been replaced: a new roof, high-efficiency HVAC systems, updated plumbing, modern electrical, and energy-efficient windows throughout. Inside, each of the four units exudes contemporary style. You’ll find designer paint schemes, hardwood flooring, and sleek new cabinetry paired with modern fixtures. The redesign prioritized both aesthetics and effortless management, ensuring each unit feels like a high-end urban retreat. For the savvy investor, this property is a high-performing asset from day one. The "heavy lifting" is finished, offering a true plug-and-play addition to your portfolio. Furthermore, the quality of the finishes and the structural upgrades provide a clear and lucrative path for a future condo conversion. Whether you are looking to maximize rental yields or execute a strategic conversion, this property stands out as a premier choice in the city’s evolving landscape. It’s rare to find a multi-unit building of this caliber where every detail has been handled with such precision—all that’s left is to start collecting rent.
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Above Grade Finished Area
2336.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Other
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.05
-
Lot Size(square feet)
2,178
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Other
Price
-
Sales Price
$580,000
-
Tax Amount
$3,939
-
Sq. Footage
2,336
-
Price/SqFt
$248
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
WASHINGTON
Elementary School
Middle School
High School
Listing Courtesy of Austen Rowland, Compass
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Salesperson, Realtor
Laurie Hailey
Call Laurie today to schedule a private showing.
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