The owner is willing to provide some Seller financing for a well qualified Buyer. Rare opportunity to acquire a nearly vacant 6-unit multifamily building totaling approximately 5,854 square feet in Southeast Washington, DC. The existing unit mix consists of three 1-bedroom units and three 2-bedroom units with hardwood flooring throughout much of the building. With only one occupied unit, the property offers investors exceptional operational flexibility and immediate value-add potential. Zoned RA-1, the property presents multiple repositioning opportunities, including potential reconfiguration of existing unit layouts, subject to buyer verification and required approvals. At nearly 5,854 square feet, the building offers substantially more scale than many multifamily assets currently available in Southeast Washington. Located adjacent to the Hillcrest Children and Family Center and near established community institutions, the property benefits from strong workforce housing demand and long-term residential stability. The approximately 4,600-square-foot lot also offers potential for future off-street parking improvements. Recent multifamily transactions in the surrounding area demonstrate continued investor demand for value-add opportunities. As a point of reference, a smaller four-unit multifamily property located at 815 Malcolm X Avenue SE containing approximately 3,024 square feet recently sold for $720,000. With six units, approximately 5,854 square feet, RA-1 zoning, and near-vacant delivery, 356 Raleigh Street SE offers significantly greater scale and multiple pathways for future value creation. Ideal for investors, developers, workforce housing operators, and long-term multifamily owners seeking a repositioning opportunity within Washington, DC.
Bellevue / Congress Heights / Washington Highlands, located between Joint Base Anacostia-Bolling and Oxon Run Park, is a residential and civic Washington neighborhood with broad hilltop views and a patchwork of parkland. The neighborhood’s character concentrates around Martin Luther King Jr Ave SE at Malcolm X Ave SE, where barbershops, carryouts, small markets, and Metro foot traffic set a steady street rhythm. Brick rowhouses and garden-style apartments mix with detached homes on leafy blocks that rise and dip toward the Anacostia. St. Elizabeths anchors the skyline with its historic campus and evolving cultural footprint. The ARC at Congress Heights adds a modern civic hub for recreation and events. Trails and playing fields at Oxon Run Park and nearby Fort Stanton Park shape an outdoors-forward routine.
Provided by Walk Score and Local Logic
Offer insights
356 Raleigh St SE · $799,000
$797K and above
75% chance or better to win
Why $797K+ is a strong offer
DAYS ON MARKET
82 days
The average home goes pending in 121 days.
SALE-TO-LIST
94.4%
Most homes are selling 6% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Window treatments
Wood floors
Dry wall walls and ceilings
Bedrooms
Three 1-bedroom units
Three 2-bedroom units
Bathrooms
Details not provided
Kitchen
Appliances not specified
Laundry & utility
Washer/dryer details not provided
Flooring
Wood floors
Heating & cooling
Hot water heating
Natural gas heating and hot water
Exterior features
Sidewalks
Shed
Above-grade additional structures
Home design
Brick construction
Estimated year built
Parking
On-street parking
Security
Details not provided
Construction
Brick exterior
Wood frame windows
Roof information unknown
Utilities
Public water
Public sewer
HOA & community
Details not provided
Financial info
Property is fee simple ownership
Total actual rent reported as $700
Existing leases include month-to-month units
Number of total units listed as 4 (multi-unit breakdown provided)
Other
Number of vacant units: 5
Number of leased units: 1
Number of month-to-month units: 1
Unit identifiers: Unit 1, Unit 2, Unit 3, Unit 4, Unit 5, Unit 6
Electricity and solar
View estimated energy costs and solar savings for this home
The Residential Apartment (RA) zones are residential zones, designed to provide for residential areas suitable for multiple dwelling unit development and supporting uses.; The RA zones are intended to: Permit flexibility by allowing all types of residential development; Promote stable residential areas while permitting a variety of types of urban residential neighborhoods; Promote a walkable living environment; Allow limited non-residential uses that are compatible with adjoining residential uses; Encourage compatibility between the location of new buildings or construction and the existing neighborhood; and Ensure that buildings and developments around fixed rail stations, transit hubs, and streetcar lines are oriented to support active use of public transportation and safety of public spaces.; The RA-1 zone provides for areas predominantly developed with low- to moderate-density development, including detached dwellings, rowhouses, and low-rise apartments.
Permitted uses
Include but are not limited to:
Community / recreation center
Religious facility
Day care facility
Healthcare
Housing-Multiple units
Housing-Student
Public service
Educational/school
Recreation
Park & open space
Local insights from Redfin agents
Washington, DC is known for being the nation’s capital, home to iconic landmarks like the White House, U.S. Capitol, and Smithsonian museums. It’s also recognized for its rich history, diverse neighborhoods, and world-class dining, culture, and...