UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,310 sqft
Price per Sqft $357
MLS Listing ID DCDC2241104
Style Other
Abv Grd Liv Area 2,310
Year Built 1950
Annual Tax Amount $4,983
Tax Year 2025
Lot Size 2,807 Sqft
Acres 0.06
Property Sub-Type Quadruplex
Source BRIGHT
Property Description
4261 Edson Place NE presents a rare opportunity to acquire a four-unit multifamily building in the Deanwood/Benning Ridge area of Northeast Washington, DC. The property consists of four 3BR/1BA units, currently 75% occupied with an average in-place rent of $1,971. This asset is well-positioned for either an investor seeking immediate cash flow with long-term upside or an owner-occupant looking to offset housing costs through rental income from additional units.
RENT CONTROL EXEMPT
As a four-unit building, 4261 Edson Place NE qualifies for DC's rent control exemption for first-time multifamily owners. This exemption allows for market-based rent increases, offering greater flexibility and long-term income growth. For smaller investors, this designation provides a significant strategic advantage over larger, regulated assets.
IDEAL FOR OWNER-OCCUPANT
With one of the four units currently vacant, the property is well-suited for an owner-occupant buyer. Living in one unit while collecting rent from the remaining three offers an efficient path to reduce monthly housing expenses and build equity in a fast-evolving DC submarket.
FAMILY-SIZED FLOORPLANS
Each unit features three bedrooms and one bathroom, offering spacious layouts that appeal to families and long-term tenants. The larger floorplans support higher per-unit income and help meet ongoing demand for affordable, multi-bedroom housing across Northeast DC.
TRANSIT-ACCESSIBLE, PARK-ADJACENT LOCATION
The property is located just a 9-minute walk from the Minnesota Avenue Metro Station (Orange Line), providing direct access to downtown DC, Capitol Hill, and surrounding neighborhoods. It also sits immediately adjacent to Fort Mahan Park, offering green space and recreational opportunities. Kelly Miller Middle School is just 0.6 miles away, making the location especially attractive to families with school-aged children."
Location
Province DC
County Washington
Zoning UNKNOWN
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Above Ground Finished SqFt 2310
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5090//0016
Ownership Fee Simple
SqFt Source 2310
Special Listing Condition Standard
