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    331 Parkland Pl SE Washington, DC 20032

    Under Contract
    For Sale
    $499,900

    MULTI_FAMILY - WASHINGTON, DC

    Property size:
    2,720 SF
    Lot size:
    3,360.00 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 15 at 9:06 am

    Property Features for 331 Parkland Pl SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Parking features
    On Street
    Size
    2,720 SF
    Lot size
    3,360.00 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1942
    Number of units
    4
    Building materials
    Brick

    Allegiance Realty Partners, LLC (703) 824-4800 [email protected]

    Listing agent Cornelius R Henderson (202) 338-8900 License #SP98368585

    Listing date Dec 5, 2025

    MLS# DCDC2230358 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Four-Unit Building Near Congress Heights

    This is a 4-unit building located at 331 Parkland Place SE. It is suitable for both owner-occupants and investors. The property features four 1-bedroom units that have been recently improved within the last 5 years. Each unit includes a 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. The property is zoned RA-1, which allows for low- to moderate-density apartment development, including potential expansion of the existing structure, subject to DC zoning approvals. The property is situated near the Congress Heights Metro Station, the Congress Heights Arts & Culture Center, and the St. Elizabeths redevelopment. Residents have convenient access to dining, entertainment, and major commuter routes, including I-295, Alabama Avenue SE, Malcolm X Avenue SE and MLK Jr. Avenue SE. The lot size is 3360 acres and the property size is 2720 square feet. This multifamily opportunity is suitable for buy-and-hold investors, 1031 exchange buyers, or developers seeking future upside in Southeast DC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Washington
    County
    District of Columbia
    State
    DC
    Longitude
    -77.00044
    Latitude
    38.84449

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    FAQs

    What type of property is this?
    Quadplex - Four units with expansion potential near Congress Heights Metro.
    Where is this quadplex located?
    The property is located at 331 Parkland Pl SE Washington, DC.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Turn-key 4-unit building with recent improvements; - Two units currently vacant, with a third becoming vacant by 12/1/25, offering immediate rental upside; - Zoned RA-1, allowing for potential expansion (subject to DC zoning approvals)
    (202) 338-8900
    Request Owner's contact information
    331 Parkland Pl SE Washington, DC 20032
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    Washington, DC 20032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    331 Parkland Pl SE Washington, DC 20032
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