Rare investment opportunity in Southeast Washington, D.C. — 430 Condon Terrace SE is a fully vacant 5-unit multifamily building, each unit featuring 3 bedrooms and 1 bathroom and its own in unit laundry. This turnkey asset is being offered both for sale or as a master lease, providing flexible options for investors or operators looking to capitalize on the area's strong rental demand. Not subject to TOPA, this building allows for immediate acquisition or lease-up without tenant-related delays. The entire property was fully gutted and renovated in 2020, complete with new TPO roof, windows, floors, appliances, bathrooms, and more. Freshly painted. Previous Master Lease tenant rented each unit for $2,500/month. Market rents in the area range from $1,700-2,000+, making this an exceptional multifamily rental investment.

The property presents significant income and value-add potential, with units that are ideal for workforce housing, co-living models, or long-term rentals. Delivered vacant, it’s primed for renovation, repositioning, or development into a high-yield asset in one of D.C.’s fastest-growing submarkets. Located just minutes from the Congress Heights Metro station, St. Elizabeths redevelopment, and the Entertainment & Sports Arena, the surrounding neighborhood is experiencing major public and private investment.

Whether you're seeking a stabilized rental play, a redevelopment project, or a unique master lease opportunity, 430 Condon Terrace SE offers the scale, layout, and location to deliver exceptional returns.