39 Mississippi Ave SE Washington, DC 20032
- Added:
- Apr 3, 2026
- Days on Market:
- 20
- Last Refresh:
- Apr 3 at 5:02 am
Property Features for 39 Mississippi Ave SE
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent Stacey Milam License #MD: 526147, DC: SP101423, VA: 0225 077593 (202) 536-3705
Listing office Washington, D.C. Office (202) 536-3705
Listing date Apr 3, 2026
Source Marcusmillichap
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Overview
21-Unit Multifamily Investment Opportunity
Located at 39 Mississippi Ave SE in Washington, D.C., this multifamily property features a 21-unit garden-style apartment building. The unit mix includes one- and two-bedroom apartments. The property maintains a stable occupancy rate with a combination of vouchered and market-rate tenants, ensuring a consistent revenue stream, despite an average allowable rent of approximately $1,300 per month under rent control. Zoned R-3, the asset is well-aligned with long-term residential demand and presents significant upside potential with the ability to add three basement units with minimal construction. Congress Heights is experiencing transformation, driven by public and private investments, infrastructure improvements, and increasing demand for quality housing. Home values have risen over 35 percent in the past five years, and rental demand continues to grow. Over 70 percent of residents rent in Congress Heights. The Congress Heights Metro Station provides direct transit access to key employment centers, while the Anacostia Freeway (I-295) connects residents to National Harbor, Joint Base Anacostia-Bolling, and Capitol Hill. Ongoing infrastructure improvements, bike-friendly routes, and multiple bus lines enhance accessibility and desirability.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -77.0062624
- Latitude
- 38.8325922
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 21-unit apartment building in Congress Heights, Washington, D.C.
Where is this apartment building located?
The property is located at 39 Mississippi Ave SE Washington, DC.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Well‑positioned 21‑unit garden‑style apartment building featuring a balanced mix of one- and two‑bedroom units.; Opportunity to add three basement units with minimal construction, significantly increasing property value and rental income.; Located in Congress Heights, a rapidly growing neighborhood with rising home values and high rental demand.
