$500,000

GUIDED TOUR, MONDAY. OCTOBER 26, 2026 BEGINNING PROMPTLY AT 1:30 PM List Price is Opening Bid at Online Auction to be conducted on Auctioneer's Website. Online Auction Only! Bidding begins Friday, October 23, and ends Wednesday, October 28, 2026 at 1:00 PM. INVESTOR ALERT – 12-UNIT MULTIFAMILY VALUE-ADD OPPORTUNITY IN SOUTHEAST WASHINGTON, DC! Presenting a compelling investment opportunity in Southeast Washington, DC. This three-story multifamily property features 12 apartment units, approximately 8,976± square feet of gross building area, and a 10,000± square foot lot. Requiring a comprehensive renovation, the property offers investors the opportunity to modernize its unit configurations and finishes, and unlock its full income-producing potential. With substantial repositioning upside, this is an opportunity to transform an existing multifamily asset into a refreshed investment designed to capitalize on market demand and long-term rental income potential. The historic unit mix consists of (7) One Bedroom/One Bathroom units, and (5) Two Bedroom/ One Bathroom units. (Above Information per November 24, 2025 Appraisal Report) The property’s current vacant status provides an investor with the ability to execute a comprehensive repositioning strategy without tenant displacement concerns, allowing for potential optimization of unit interiors, building systems, and overall asset quality. Strategically located in the Marshall Heights neighborhood of Southeast Washington, DC, the property benefits from strong transportation connectivity and proximity to essential neighborhood amenities. The asset is located near the Benning Road Metro Station and multiple bus routes, providing convenient commuter access throughout the District. Major thoroughfares including East Capitol Street and Benning Road further enhance regional accessibility. The surrounding area is characterized by a mix of residential housing, neighborhood retail, and community-serving facilities, with nearby commercial amenities including the Minnesota Avenue corridor and East River Park Shopping Center. The location offers investors exposure to a transit-oriented sub-market with continued long-term demand drivers tied to workforce housing and urban infill redevelopment trends within Washington, DC. The property is zoned “R-3” and identified in District of Columbia public records as Parcel ID 5324-0802. Portions of the foregoing property description were derived from an appraisal report dated November 24, 2025, and District of Columbia public records.  Property Highlights: • 8,976± SF • 12 Units (7) 1bd/1ba; (5) 2bd/1ba • Parking in Front of Building • Onsite Laundry • Marshall Heights Neighborhood • Value Add Opportunity • Strategic Washington D.C. Location Note: Photos were taken prior to building vacancy. Building is currently entirely Vacant. Property is subject to affordable housing covenants (available in documents tab) Buyers are responsible for conducting their own due diligence regarding zoning, permitted uses, buildability, utilities, access, setbacks, environmental conditions, subdivision potential, and all applicable requirements. Buyers should independently verify all information and determine the property's suitability for their intended use. The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. Neither the auctioneer or the owner make any representations or warranties with respect to the accuracy of information.