Property
Washington, DC 20032 449 Mellon Street SE
$599,900
28 more
Presented By: Coldwell Banker Realty - Washington
Beds • 8
Home Details
Calling all investors and owner-occupants!
449 Mellon Street SE presents an exceptional opportunity to own in the rapidly transforming Congress Heights neighborhood. With the redevelopment of the St. Elizabeths campus well underway and plans moving forward for the RFK Stadium site, this area is poised for continued growth and long-term upside.
For investors, the property offers a strong projected 10% cap rate, making it a high-performing asset in a developing market. For owner-occupants, take advantage of financing options with as little as 3% down, while the income from the remaining three units significantly offsets your mortgage. Unit #3 is vacant!
Additional benefits include the potential for cost segregation, real estate depreciation, and the ability to leverage your investment for future portfolio growth. Whether you're looking to expand your portfolio, house hack, or secure your primary residence with built-in income, this property checks all the boxes.
Schedule your private tour of 449 Mellon Street SE today and capitalize on this rare opportunity.
Presented By: Coldwell Banker Realty - Washington
Interior Features for 449 Mellon Street SE
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceAssessor
Basement (Y/N)No
Central Air Y/NYes
Fireplace Y/NNo
FlooringHardwood
Furnished UnitsNone
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Interior AmenitiesCedar Closet(s), Combination Dining/Living, Floor Plan - Traditional, Kitchen - Galley
Total Stories2
Window FeaturesEnergy Efficient
General for 449 Mellon Street SE
Acceptable FinancingCash, Conventional, FHA
Accessibility32 + wide Doors, 36 + wide Halls
AppliancesRefrigerator, Built-In Microwave, Disposal
Architectural StyleContemporary
Association Recreation FeeN
Cap Rate10.00
CityWASHINGTON
Construction MaterialsBrick
Cool FuelNatural Gas
CoolingCentral A/C
CountyWASHINGTON
DirectionsMellon St, Off of MLK Ave SE
DisclosuresSell Entirely
Electric200+ Amp Service
Garage Y/NNo
Heating90% Forced Air
Historic Y/NNo
Home Warranty Y/NNo
Lease TypeLong Term
Legal SubdivisionCongress Heights
Lot Size Square Feet4700.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-09-05T10:47:08
New ConstructionNo
Number Of Units Total4
Number of Units Leased3
NumberOfUnitsVacant1
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
OwnerPaysWater, Common Area Maintenance, Pest Control, Taxes - Real Estate, Trash Collection
OwnershipFee Simple
Possession31-60 Days CD
Price Per Sq Ft Total AG210.64
Property ConditionGood
Property SubtypeQuadruplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofFlat
School DistrictDISTRICT OF COLUMBIA PUBLIC SCHOOLS
Security FeaturesExterior Cameras, Electric Alarm, Monitored, Main Entrance Lock
SewerApproved System
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeDetached
Subdivision NameCONGRESS HEIGHTS
Tax Annual Amount5055.0
Tax Assessed Value607040.0
Tax Lot40
Tax Year2024
Total Actual Rent48960.00
Total Rooms16
Total SQFT2848
Two Bedroom4
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1942
Year Built SourceAssessor
ZoningR1
Exterior for 449 Mellon Street SE
Foundation DetailsCrawl Space
Land Assessed Value162390.00
Land Use Code
Lot Size Acres0.11
Lot Size SourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Soil TypesChillum-Urban Land Complex
SpaNo
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePrivate, Holding Tank
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Aneesa Khan
Associate