4124 Ames St Ne #203, Washington, DC 20019
Local realty services provided by:ERA Central Realty Group
4124 Ames St Ne #203,Washington, DC 20019
$140,000
- 2 Beds
- 1 Baths
- 764 sq. ft.
- Condominium
- Active
Listed by: rebecca williams
Office: real broker, llc.
MLS#:DCDC2270570
Source:BRIGHTMLS
Price summary
- Price:$140,000
- Price per sq. ft.:$183.25
About this home
**Cash purchase only** INVESTOR ALERT! Immediate Cash Flow | Tenant in Place | Future Rent Upside
Immediate cash flow from day one! Tenant-occupied 2BR/1BA condo generating $1,500/month with a reliable tenant in place through January. Below-market rent offers built-in upside at lease renewal, creating an opportunity to increase future revenue. Recently refreshed interior, assigned off-street parking, private storage, in-unit washer and dryer, secure building, and just minutes to Deanwood Metro. Cash purchase only.
This is an outstanding opportunity for investors seeking immediate income with long-term appreciation potential. Located in a secure, professionally managed 14-unit condominium building, this well-maintained condo offers the ideal combination of stable cash flow and low-maintenance ownership. The current tenant has an excellent payment history, allowing you to purchase with confidence and begin collecting rental income immediately.
Recently refreshed interior features a modern kitchen and renovated bathroom, along with the convenience of an in-unit washer and dryer. Additional value-added amenities include assigned off-street parking, a private storage unit, and a pet-friendly community, helping attract and retain quality tenants. The condo fee includes water, keeping operating expenses more predictable.
Ideally situated just minutes from the Deanwood Metro Station (Orange Line), Metrobus routes, Route 50, I-295, and the Baltimore-Washington Parkway, residents enjoy easy access to Downtown Washington, DC, Capitol Hill, Maryland, and Northern Virginia. Shopping, restaurants, parks, and everyday conveniences are all nearby, supporting strong rental demand in this growing Northeast DC neighborhood.
Whether you're expanding your rental portfolio, completing a 1031 Exchange, or searching for a turnkey investment with immediate income and future upside, this property delivers.
Investment Highlights
Immediate rental income at closing
Current rent: $1,500/month
Reliable tenant with an excellent payment history
Below-market rent with future income growth potential
Updated kitchen and renovated bathroom
In-unit washer and dryer
Assigned off-street parking
Private storage unit
Secure building access
Pet-friendly community
Water included in the condo fee
Minutes to Deanwood Metro, Metrobus, Route 50, I-295, and BW Parkway
Cash purchase only. Existing lease through January must be honored. A rare opportunity to acquire a performing investment property with immediate cash flow and the potential for increased returns....
Contact an agent
Home facts
- Year built:1963
- Subdivision & Development:DEANWOOD
- Listing ID #:DCDC2270570
- Added:91 day(s) ago
- Updated:September 28, 2026 at 01:56 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Basement:Yes
- Living area:764 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Central, Electric
Structure and exterior
- Year built:1963
- Building area:764 sq. ft.
- Architectural Style:Traditional
- Construction Materials:Brick Front
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Private Sewer
Finances and disclosures
- Price:$140,000
- Price per sq. ft.:$183.25
- Tax amount:$1,349 (2025)
Parking
- Parking description:Parking Lot
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