Investor Special – Redevelopment Opportunity in Congress Heights | 550 Malcolm X Ave SE, Washington, DC 20032 Unlock the potential of this fully vacant, three-unit multifamily property in the heart of the rapidly transforming Anacostia corridor. Located just minutes from the Congress Heights Metro Station, this property presents a rare opportunity to invest in one of D.C.’s fastest-growing neighborhoods.
Each unit offers a 1-bed, 1-bath layout—ideal for rental income, short-term housing, or future redevelopment. All units are move-in ready, allowing for immediate cash flow while planning your long-term vision.
Listed by Joyce Abdallah
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License #SP200200670
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Realty ONE Group Capital
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5712189839
Last updated July 17, 2025
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Source: BrightMLS #DCDC2194800
Listing Facts
TypeMulti-family
NeighborhoodCongress Heights
Days on Prevu144
Taxes$2,601/year
Size1,845 sqft
Price per sqft$244
Location
Mortgage Calculator
Listing History
07/17/2025
Price Decreased
$449,900
07/16/2025
Status changed to Active
$450,000
06/13/2025
Status changed to Removed from Feed
$450,000
05/10/2025
Price Decreased
$450,000
04/18/2025
Listed by Realty ONE Group Capital
$475,000
Property Details for 550 Malcolm X Avenue SE
Exterior
Construction
New Construction: No
Number Of Units Total: 3
Property Condition: Good
Roof: Architectural Shingle, Asphalt
Stories Total: 3
Year Built: 1941
Architectural Style: Other
Construction Materials: Brick
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Size Acres: 0.04
Lot Size Source: Assessor
Lot Size Square Feet: 1,566
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $2,601.00
Tax Year: 2024
Interior
Features
Fireplace: No
Measurements
Living Area: 1,845
Living Area Source: Assessor
Other
Location
Tax Lot: 41
Parking
Parking
Garage: No
Utilities
Equipment
Heating: Hot Water
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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