331 PARKLAND PL SE, Washington, DC 20032

• 2,720 sqft

Property Description

I am pleased to present a remarkable 4-unit building located at 331 Parkland Place SE. This is an ideal choice for an owner-occupant and savvy investors alike. With an asking price of $550,000, this property features four 1-bedroom units that have had recent improvements in the last 5 years making this a turn-key opportunity. Each unit offers a comfortable living/dining area, a galley kitchen with gas cooking, and one full bath. Two of the units are currently vacant with a third unit expected to be vacant by 12/1/25. Zoned RA-1, this property presents low- to moderate-density apartment development potential, allowing for expansion of the existing structure, subject to DC zoning approvals. Ideally situated near the Congress Heights Metro Station, the Congress Heights Arts & Culture Center, and the St. Elizabeths redevelopment, residents will enjoy convenient access to dining, entertainment, and major commuter routes, including I-295, Alabama Avenue SE, Malcolm X Avenue SE and MLK Jr. Avenue SE. With strong rental demand and ongoing neighborhood growth, this multifamily opportunity offers both immediate cash flow and long-term investment potential. Perfect for buy-and-hold investors, 1031 exchange buyers, or developers seeking future upside in a well-positioned Southeast DC location. Don’t miss out on this exceptional opportunity!

Listing Status:

Active

Date Added:

November 7, 2025 at 06:00AM

Listing Office:

RE/MAX Allegiance : 2023388900

Listing Agent:

Cornelius R Henderson : 2029640532

MLS ID:

DCDC2230358

Interior

• A/C: Window Unit(s)
• Heating: RadiatorNatural Gas
• Disability Feature: None

Exterior

• General: Above Grade
• Style: Other
• Other Structures: Patio

Construction

• General: BrickSlab

Location

• Originating MLS: BRIGHT_MAIN
• School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
• County: WASHINGTON-DC

Lot

• Zoning: 0235988//0070

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN

This listing courtesy of Cornelius R Henderson, RE/MAX Allegiance