New Listing
2313 Minnesota Ave SE,WASHINGTON, DC 20020
WASHINGTON, DC 20020
Description
TWIN MU-4 ROWHOMES: TURNKEY HIGH-YIELD ASSETS WITH FUTURE DEVELOPMENT UPSIDE. Positioned just one block off the Pennsylvania Ave SE commercial corridor, 2311 and 2313 Minnesota Ave SE offer a rare combination of immediate, high-yield cash flow and long-term zoning flexibility. Available for purchase individually or together as an assemblage, each semi-detached rowhome is delivered in updated, move-in-ready condition equipped with central air conditioning and a spacious 5-bedroom, 2-bathroom layout. Current submarket benchmarks for 5-bedroom voucher programs demonstrate strong earning potential, evidenced by recent local comps including 2332 Q St SE (leased at $6,218/mo on 05/07/26), 1335 T St SE (leased at $6,382/mo on 10/05/26), and 1426 S St SE (lease pending at $5,800/mo), supporting a conservative pro-forma estimate of a 14% cash-on-cash return on Day 1 operations even in today's rate climate. Additionally, each property features a full, unfinished basement with high ceilings that presents an immediate value-add pathway to build out an additional bedroom, where 6-bedroom voucher payment standards in the submarket currently command upwards of $7,000/month. For long-term investors, the underlying MU-4 zoning (moderate-density mixed-use) unlocks substantial future exit strategies, including multi-unit apartment conversion, commercial integration, or vertical redevelopment across both contiguous parcels. DISCLAIMER: Pro-forma projections, historical comps, voucher payment schedules, and zoning re-use potential are provided for informational and analytical purposes only. Buyer and buyer's broker are strictly responsible for conducting their own independent due diligence regarding zoning allowances, allowable density, building permits, Certificate of Occupancy requirements, tax assessments, and current local housing voucher payment standards prior to closing.
Details
| MLS # | DCDC2287924 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Coming Soon-bright |
| Year | 1912 |
| Days On Site | 2 |
| Listing Provided By | Real Broker, LLC | Abel M Gebremichael |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,428 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | MU-4 |
| Acreage | 0.06 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Other |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 4442 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20020 |
| Area | WASHINGTON DC |
| Community Name | RANDLE HEIGHTS |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in RANDLE HEIGHTS) | |
Price: $499,000 low | high Med: $217,000 sqft: 1,428 low | high Med: 1,545 $ / sqft: $349 low | high Med: $142 On site: 2 low | high Med: 59 | |
Market Activity 20020
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20020 |
| Area | WASHINGTON DC |
| Community Name | RANDLE HEIGHTS |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in RANDLE HEIGHTS) | |
Price: $499,000 low | high Med: $217,000 sqft: 1,428 low | high Med: 1,545 $ / sqft: $349 low | high Med: $142 On site: 2 low | high Med: 59 | |
