331 Parkland Pl Se, Washington, DC 20032
Local realty services provided by:ERA Reed Realty, Inc.
331 Parkland Pl Se,Washington, DC 20032
$499,900
- 4 Beds
- - Baths
- 2,720 sq. ft.
- Multi-family
- Pending
Listed by: cornelius r henderson
Office: re/max allegiance
MLS#:DCDC2230358
Source:BRIGHTMLS
Price summary
- Price:$499,900
- Price per sq. ft.:$183.79
About this home
I am pleased to present a remarkable 4-unit building located at 331 Parkland Place SE. This is an ideal choice for an owner-occupant and savvy investors alike. With an asking price of $499,900, this property features four 1-bedroom units that have had recent improvements in the last 5 years making this a turn-key opportunity.
Each unit offers a comfortable living/dining area, a galley kitchen with gas cooking, and one full bath. Two of the units are currently vacant with a third unit expected to be vacant by 12/1/25. Zoned RA-1, this property presents low- to moderate-density apartment development potential, allowing for expansion of the existing structure, subject to DC zoning approvals. Ideally situated near the Congress Heights Metro Station, the Congress Heights Arts & Culture Center, and the St. Elizabeths redevelopment, residents will enjoy convenient access to dining, entertainment, and major commuter routes, including I-295, Alabama Avenue SE, Malcolm X Avenue SE and MLK Jr. Avenue SE.
With strong rental demand and ongoing neighborhood growth, this multifamily opportunity offers both immediate cash flow and long-term investment potential. Perfect for buy-and-hold investors, 1031 exchange buyers, or developers seeking future upside in a well-positioned Southeast DC location. Don’t miss out on this exceptional opportunity!
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Home facts
- Year built:1942
- Listing ID #:DCDC2230358
- Added:46 day(s) ago
- Updated:December 20, 2025 at 08:53 AM
Rooms and interior
- Bedrooms:4
- Living area:2,720 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Natural Gas, Radiator
Structure and exterior
- Year built:1942
- Building area:2,720 sq. ft.
- Lot area:3360 Acres
Schools
- High school:ANACOSTIA
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$499,900
- Price per sq. ft.:$183.79
- Tax amount:$4,354 (2025)
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