426 Condon Ter Se, Washington, DC 20032

Washington
Local realty services provided by:Better Homes and Gardens Real Estate Community Realty
426 Condon Ter Se,Washington, DC 20032
$490,000
  • 6 Beds
  • - Baths
  • 3,246 sq. ft.
  • Multi-family
  • Active
Listed by: ari firoozabadi
Office: greysteel company llc.
MLS#:DCDC2241384
Source:BRIGHTMLS

Price summary

  • Price:$490,000
  • Price per sq. ft.:$150.96

About this home

"THE OPPORTUNITY 426 Condon Terrace SE presents a well-located four-unit multifamily opportunity in the Washington Highlands neighborhood of Southeast DC. The building includes three 2BR/1BA units and one 4BR/1BA unit. With 50% current occupancy and strong location fundamentals, the property is well-suited for both investors seeking value-add potential and owner-occupants looking to reduce housing costs through rental income. Current occupied units are generating in-place rents of $700 (2BR) and $1,000 (4BR), with upside through lease-up and rent repositioning. RENT CONTROL EXEMPT As a four-unit property, 426 Condon Terrace SE qualifies for DC’s rent control exemption for first-time multifamily owners. This designation allows future owners to implement market-based rent increases, giving them greater flexibility in income strategy over time compared to larger, regulated assets. IDEAL FOR OWNER-OCCUPANT With two of the four units currently vacant, this property presents a prime...

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Home facts

  • Year built:1950
  • Listing ID #:DCDC2241384
  • Added:91 day(s) ago
  • Updated:April 16, 2026 at 01:45 PM

Rooms and interior

  • Bedrooms:6
  • Basement:Yes
  • Basement Description:Full, Outside Entrance
  • Living area:3,246 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Electric, Forced Air

Structure and exterior

  • Year built:1950
  • Building area:3,246 sq. ft.
  • Lot area:0.08 Acres
  • Construction Materials:Brick

Utilities

  • Water:Public

Finances and disclosures

  • Price:$490,000
  • Price per sq. ft.:$150.96
  • Tax amount:$4,948 (2026)

Parking

  • Parking description:On Street

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