2029 East NE, Washington, DC 20002

Description

VALUE-ADD 4-UNIT MULTIFAMILY OPPORTUNITY

Positioned near the transformational RFK Campus redevelopment, 2029 E Street NE offers an investor the opportunity to acquire an established four-unit multifamily asset and unlock its potential through renovation and repositioning.

The property features four 1-bedroom/1-bath units, approximately 2,006 sq. ft. of above-grade living area, plus a 375-sq.-ft. basement. The building has not been substantially updated in years, creating an opportunity to modernize the units, improve the overall property, enhance rental income potential, and build long-term value.

BUY → RENOVATE → REPOSITION → INCREASE INCOME POTENTIAL

The property is currently RF-1-zoned and two stories tall. Investors may wish to explore the property's potential for vertical expansion, subject to DC zoning, building code requirements, structural feasibility, permitting, and government approvals. Buyer to independently verify development and expansion potential with the DC Department of Buildings and appropriate land-use professionals.

LOCATION + FUTURE INVESTMENT

Approximately 0.7 miles from Stadium-Armory Metro, with Blue, Orange, and Silver Line service, and near the planned 180-acre RFK Campus redevelopment.

Plans for the RFK Campus include a new, approximately 65,000-seat, roofed Washington Commanders stadium, thousands of new residences, restaurants, retail, hotels, entertainment, parks, recreation, and major infrastructure improvements. The new stadium is targeted to open in 2030.

What could 2029 E Street NE become after a thoughtful renovation and repositioning?