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    5024 H St Se WASHINGTON Washington, DC 20019

    For Sale
    $300,000

    Five-unit property with updated interiors and potential for expansion.

    Lot size:
    0.16 Acres

    Property Features for 5024 H St Se WASHINGTON

    General Information

    Standard status
    Active
    Lot size
    0.16 Acres

    Building Details

    Year built
    1944

    Source: ALEX COOPER AUCTIONEERS, INC. Agent MATTHEW S COOPER

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

    Overview

    Multifamily Property with Solar Panels

    This multifamily property features a unit mix of four 2BR/1BA units and one 1BR/1BA unit. Currently, 2 of the five units are occupied. The current gross monthly rent is $3,270, with a current gross annual scheduled rent of $39,240. The potential gross monthly rent is $8,541, leading to a potential gross annual rent of $102,492. Unit 2 (1 bed / 1 bath) is rented for $1,513/month, and Unit 3 (2 bed / 1 bath) is rented for $1,757/month; both are voucher tenants. Units 1, 4, and 5 (all 2 bed / 1 bath) are vacant. Each unit includes updated kitchens, bathrooms, modern appliances, and flooring. Individual HVAC systems and water heaters are installed in each unit. Each unit has its own electric meter. The property is equipped with rooftop solar panels, and the new owner will be required to purchase electricity through the existing solar power provider. The current owners have benefited from electricity rates below market average since the installation. The building also includes a large, unfinished utility room adjacent to the basement unit (Unit 5), offering potential for expansion. The property sits on a 6,758+/- SF lot, which may allow for further development or structural expansion under R-2 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Washington
    County
    District of Columbia
    State
    DC
    Longitude
    -76.930507
    Latitude
    38.8787732

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    FAQs

    What type of property is this?
    Apartment building - Five-unit property with updated interiors and potential for expansion.
    Where is this apartment building located?
    The property is located at 5024 H St Se WASHINGTON Washington, DC.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - High potential gross annual rent of $102,492.; - Unit mix of four 2BR/1BA units and one 1BR/1BA unit.; - **Updated kitchens, bathrooms, modern appliances, and flooring in each unit.**
    (410) 828-4838
    Request Owner's contact information
    5024 H St Se WASHINGTON Washington, DC 20019
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    Washington, DC 20019
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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
    5024 H St Se WASHINGTON Washington, DC 20019
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