Situated in the up-and-coming neighborhood of Marshall Heights, this vacant 4-unit building presents a prime opportunity for developers, investors, or contractors. The property is currently configured with 4 one-bedroom, one-bathroom apartments and needs a complete renovation, offering a variety of potential redevelopment options. Option 1 - Renovate and Rent: Restore the existing units to their full potential and create a steady rental income stream in this rapidly developing area. Option 2 - Convert to Condominiums: With rising demand for homeownership options in the district, the building is a perfect candidate for a condo conversion, allowing for profitable individual unit sales. Option 3 - Create Two Townhouses: The property’s layout provides flexibility to reconfigure the space into two spacious, modern townhouses that will appeal to owner-occupiers or high-end rental markets. Whether you are looking to generate cash flow, flip for profit, or create luxury condos or townhomes, this property offers substantial potential.
Listed by Cornelius R Henderson
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License #SP98368585
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RE/MAX Allegiance
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2029640532
Last updated October 02, 2025
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Source: BrightMLS #DCDC2225600
Listing Facts
TypeMulti-family
NeighborhoodBenning Heights
Days on Prevu20
Taxes$12,401/year
Size2,340 sqft
Price per sqft$139
Location
Mortgage Calculator
Listing History
10/02/2025
Listed by RE/MAX Allegiance
$325,000
Property Details for 119 53rd Street SE
Exterior
Construction
New Construction: No
Number Of Units Total: 4
Year Built: 1952
Architectural Style: Colonial
Construction Materials: Brick
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Size Acres: 0.06
Lot Size Source: Assessor
Lot Size Square Feet: 2,533
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $12,401.00
Tax Year: 2025
Interior
Features
Fireplace: No
Measurements
Living Area: 2,340
Living Area Source: Assessor
Other
Location
Subdivision Name: MARSHALL HEIGHTS
Tax Lot: 35
Parking
Parking
Garage: No
Utilities
Equipment
Heating: Forced Air
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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