$599,900

449 MELLON ST SE, Washington, DC 20032

  • 2,848 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1942
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $211/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

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.

Listing Status:
Active
Date Added:
July 31, 2025 at 05:00AM
Listing Office:
Coldwell Banker Realty - Washington : 2023876180
Listing Agent:
Taelor Salmon : 2404470711
MLS ID:
DCDC2213294
  • General: Cedar Closet(s)Combination Dining/LivingFloor Plan - TraditionalKitchen - Galley
  • Appliances: RefrigeratorBuilt-In MicrowaveDisposal
  • Flooring: Hardwood
  • A/C: Central A/C
  • Heating: 90% Forced AirNatural Gas
  • Disability Feature: 32"+ wide Doors36"+ wide Halls

This listing courtesy of Taelor Salmon, Coldwell Banker Realty - Washington

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Martin Luther King Elementary School

3200 6th St SE, Washington, DC, 20032

Grades EE-5

0.38 miles away

H

Hart Middle School

601 Mississippi Ave SE, Washington, DC, 20032

Grades 6-8

0.72 miles away

B

Ballou Stay High School

3401 4th St SE, Washington, DC, 20032

Grades 9-12

0.62 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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