1300 Congress St SE, Washington, DC 20032

The 1300 Congress Street Apartments offer a 14-unit multifamily investment opportunity at 1300 Congress Street SE, Washington, DC 20032. The property is located on a 0.16-acre parcel in Southeast Washington, D.C., within an established residential area. Originally constructed in 1954 and substantially renovated in 2011, the asset features an efficient unit mix primarily comprised of 2-bedroom / 1-bathroom apartments, complemented by 1-bedroom and 3-bedroom units. The average unit size is approximately 667 square feet, with a current occupancy of 72%. The property demonstrates in-place income with potential for stabilization and value enhancement. This opportunity is suited for both local investors and 1031 exchange buyers seeking yield with growth potential in an urban market. The property offers returns, supported by a Year 1 CAP Rate of 8.87% and a Year 1 NOI of $155,287. Current rents are below market levels, presenting a value-add opportunity through lease-up of vacant units and rent optimization, while maintaining affordability for the submarket. Located near Alabama Avenue SE, I-295, and multiple Metrobus routes, the property offers convenient access to Downtown Washington, D.C., Joint Base Anacostia-Bolling, and Prince George’s County. Nearby retail, schools, and neighborhood services enhance tenant demand and long-term rental stability. The property represents an opportunity to acquire a multifamily asset with yield, operational upside, and long-term appreciation potential in one of Southeast D.C's evolving residential neighborhoods.