Cash-Flowing Multifamily Asset Near Future
For Sale
$1,100,000
220 21ST St NE, Washington, DC 20002
Multifamily property with strong rental history and long-term upside.
Days on Market98
Property Features for 220 21ST St NE
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1938
Listing Agency:
Samson Properties
(301) 775-4710
Listed By:
Christopher M Chambers · License #SP98373958
(301) 775-4710
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 10:38AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This multifamily property offers a strong rental history and long-term upside, capitalizing on the future growth of the proposed Commanders “Plaza District”. The property is currently generating $3,124/month in rental income from three occupied units, providing immediate cash flow with additional upside through leasing the vacant unit. Ideally positioned near some of Washington, DC’s best dining, retail, and nightlife, the property benefits from continued neighborhood growth and strong investor interest. Located directly across from the future redevelopment of the RFK Stadium site—projected for completion around 2030—this area is poised for significant revitalization, enhancing both demand and long-term appreciation potential. Tenants enjoy convenient access to shopping, parks, and public transportation, all while being part of a well-established residential community. This property presents a compelling opportunity for both investors and owner-occupants seeking stable cash flow and future value growth. Opportunities to further increase value include potential vertical expansion (rooftop addition) or extending the existing footprint to create additional bedrooms or living space. The location has a bike score of 97, making it a biker's paradise, a walk score of 78, indicating it is very walkable, and a transit score of 72, indicating excellent transit.
Key Highlights
- Strong Cash Flow: Currently generating $3,124/month in rental income, with potential for more.
- Future Appreciation Potential: Located across from the future Commanders “Plaza District”/RFK Stadium redevelopment site.
- Owner‑Occupant Opportunity: Welcoming VA, FHA, and Fannie Mae multifamily owner‑occupant buyers.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,113
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property with strong rental history and long-term upside.
Where is this quadplex located?
The property is located at 220 21ST St NE Washington, DC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Strong Cash Flow: Currently generating $3,124/month in rental income, with potential for more.; Future Appreciation Potential: Located across from the future Commanders “Plaza District”/RFK Stadium redevelopment site.; Owner‑Occupant Opportunity: Welcoming VA, FHA, and Fannie Mae multifamily owner‑occupant buyers.
