2323 Green St Se, Washington, DC 20020
Local realty services provided by:Mountain Realty ERA Powered
2323 Green St Se,Washington, DC 20020
$900,000
- - Beds
- - Baths
- 2,888 sq. ft.
- Multi-family
- Active
Listed by: ari firoozabadi
Office: greysteel company llc.
MLS#:DCDC2239420
Source:BRIGHTMLS
Price summary
- Price:$900,000
- Price per sq. ft.:$311.63
About this home
THE OPPORTUNITY
2323 Green Street SE presents a compelling opportunity to acquire a four-unit multifamily property in the evolving Randle Highlands neighborhood of Washington, DC. The building is configured as 4 3BR/1BA Units.
With 50% current occupancy and an average in-place rent of $2,107, the property offers immediate upside through lease-up and rent stabilization. Its large unit layouts cater to families and roommates alike, broadening tenant appeal in a rapidly appreciating submarket.
RENT CONTROL EXEMPT
As a four-unit asset, the property qualifies for DC’s rent control exemption for first-time multifamily owners. This status enhances long-term income potential by allowing for market-based rent increases—an ideal entry point for investors seeking flexibility and value growth in the DC multifamily sector.
UPSIDE THROUGH RENOVATION AND LEASE-UP
With two units currently vacant, there is an opportunity for value-add improvements to boost rents and minimize deferred maintenance. A light renovation and lease-up strategy could significantly enhance cash flow and overall asset value in a submarket seeing continued investment and revitalization.
LARGE, RENTABLE FLOORPLANS
Each of the four units features three spacious bedrooms, ideal for maximizing per-unit income. This format supports both family-oriented and shared living arrangements, expanding the tenant base and reducing leasing risk.
STRATEGIC SOUTHEAST DC LOCATION
Situated near downtown Anacostia, the property provides convenient access to Downtown DC, Capitol Hill, and major commuter routes. It is well-served by multiple Metrobus lines, and within a short drive to the Potomac Ave and Anacostia Metro Stations, enhancing connectivity and future demand.
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Home facts
- Year built:1942
- Listing ID #:DCDC2239420
- Added:1 day(s) ago
- Updated:January 08, 2026 at 02:50 PM
Rooms and interior
- Living area:2,888 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1942
- Building area:2,888 sq. ft.
- Lot area:0.14 Acres
Utilities
- Water:Public
- Sewer:Public Septic
Finances and disclosures
- Price:$900,000
- Price per sq. ft.:$311.63
- Tax amount:$5,484 (2025)
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