21-Unit Multifamily Investment Opportunity

39 Mississippi Ave SE, Washington, DC 20032

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For Sale

$1,995,000

21-unit apartment building in Congress Heights, Washington, D.C.

Type:Multifamily

Listing Contact

Stacey Milam

Real Estate License ID: MD: 526147, DC: SP101423, VA: 0225 077593

HighLights

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.
Stable occupancy rate with a mix of vouchered and market‑rate tenants, ensuring a consistent revenue stream.
Excellent transportation access via Congress Heights Metro Station, Anacostia Freeway (I‑295), and multiple bus lines.
Zoned R‑3, aligning with long‑term residential demand.

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For Sale

$1,995,000

21-unit apartment building in Congress Heights, Washington, D.C.

Type:Multifamily

Added:: Apr 3, 2026
Days on Market:: 70
Last Refresh:: Apr 3 at 5:02 am

Property Features for 39 Mississippi Ave SE

General Information

Standard status: Active
Property subtype: Multifamily

We can help!

Listing Contact

Stacey Milam

Listing agent Stacey Milam License #MD: 526147, DC: SP101423, VA: 0225 077593

Listing office Washington, D.C. Office

Listing date Apr 3, 2026

Source Marcusmillichap

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Washington, D.C. Office

HighLights

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.
Stable occupancy rate with a mix of vouchered and market‑rate tenants, ensuring a consistent revenue stream.
Excellent transportation access via Congress Heights Metro Station, Anacostia Freeway (I‑295), and multiple bus lines.
Zoned R‑3, aligning with long‑term residential demand.

Overview

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

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For sale
Apartment buildings
DC
Washington
20032
39 Mississippi Ave SE

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.

39 Mississippi Ave SE, Washington, DC 20032

21-unit apartment building in Congress Heights, Washington, D.C.

Property Features for 39 Mississippi Ave SE

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Map

Nearby Similar for Sale

Turnkey Mixed-Use Redevelopment Opportunity

Mixed-Use Building with Retail

Turnkey Restaurant/Bar Opportunity on Georgia Avenue

Prime Retail Opportunity in Washington

Four-Story Retail Building with Rooftop

Value-Add Multifamily Building Opportunity

Office Condominium with Parking

Renovated Multifamily Building in Washington, DC

Multifamily Property with Independent Entrances

Columbia Heights Mixed-Use Investment

Four-Unit Multifamily in Brookland

Turnkey Updated Fourplex with 1-Bed Units

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