104 ATLANTIC STREET SE, #301
Washington, DC 20032
Price Upon Request
THE OPPORTUNITY
104 Atlantic Street SE presents a compelling opportunity to acquire a six-unit multifamily asset in the growing Congress Heights submarket of Southeast Washington, DC. The property consists of six 1BR/1BA units, with 50% current occupancy and an average in-place rent of $1,369. With strategic lease-up and light renovation, investors can unlock immediate value and long-term rent growth in a supply-constrained, workforce housing corridor.
UPSIDE THROUGH LEASE-UP AND LIGHT VALUE-ADD
With three units currently vacant, the property offers clear upside through unit turnarounds and operational stabilization. The existing rents are below market for the area, creating an opportunity to capture rental premiums through basic improvements and market-rate leasing.
EFFICIENT, RENTABLE FLOORPLANS
Each of the six units features a 1BR/1BA layout, ideal for young professionals, seniors, or singles seeking affordability within city limits. Smaller units keep turnover and maintenance costs lower, while offering solid cash flow potential in a high-demand rental bracket.
CONNECTED CONGRESS HEIGHTS LOCATION
Located near South Capitol Street and the Suitland Parkway, the property offers strong commuter connectivity via public transit. It sits directly adjacent to the C17 Metrobus line, which provides direct service to Downtown Anacostia and the Anacostia Metro Station. It is also walkable to the C11 line, offering service through Congress Heights, Navy Yard, and Downtown DC, with a final stop at L’Enfant Plaza, and southbound access extending to National Harbor. This level of transit access enhances the property's appeal to renters seeking affordable housing with convenient connections to major employment ...
Listing Courtesy of: Greysteel Company LLC
202-280-2722
| Listing Id: | DCDC2273380 |
|---|---|
| Property Type: | Commercial Sale |
| Property Sub Type: | Five Or More Units |
| Status: | Active |
| Tax Annual Amount: | $3,814 |
| Lot Size Square Feet: | 4,094.0 |
| Lot Size Acres: | 0.09 |
| Waterfront?: | No |
| City: | Washington |
| Counties Or Regions: | Washington |
| Subdivision Name: | Congress Heights |
| Postal Code: | 20032 |
| Year Built: | 1953 |
| Number Of Units Total: | 6 |
| Listing Agreement: | Exclusive Agency |
| Frequency: | Annually |
| Client Application Edited Yn: | Yes |
| Mls List Date: | 2026-07-14 |
| State Or Province: | DC |
| Postal Code Plus4: | 3036 |
| Legal Subdivision: | Congress Heights |
| Possession: | Other |
| Directions: | ... |
| School District Sources: | Listing Agent |
| School District Key: | 121140357950 |
| Cooling: | None |
| Construction Materials: | Brick |
| Building Area Total: | 5,532.0 |
| Accessibility Features: | None |
| Heating: | Forced Air |
| Heating?: | Yes |
| Building Area Source: | Estimated |
| Year Built Source: | Estimated |
| Basement Yn: | No |
| Cooling Fuel: | None |
| Heating Fuel: | Natural Gas |
| Hot Water: | Natural Gas |
| Net Square Feet: | 4,094.0 |
| Type Of Parking: | On Street |
| Assessment Year: | 2025 |
| In City Limits Yn: | Yes |
| City Town Tax: | $3,814.00 |
| City Tax Frequency: | Annually |
| County Tax Frequency: | Annually |
| Land Use Code: | 0 |
| Tax Assessment Amount: | $431,140.00 |
| Tax Year: | 2025 |
| Zoning: | RA-1 |
| Listing Tax: | 6152//0812 |
| Ownership: | Fee Simple |
| Special Listing Conditions: | Standard |
| Lot Size Source: | Estimated |
| Lot Size Units: | Square Feet |
| Soil Types: | Unknown |
| Sewer: | Public Sewer |
| Water Source: | Public |
| Business Type: | Apartment Building |
| School District NameSchool District: | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
| Short Sales: | No |
| Tenancy Svo: | Multiple |
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Property Last Updated: October 26, 2026 10:23 PM - ET
