About This Home

This 2-bedroom, 1-bathroom condo at 4124 AMES Street NE #203 in Washington, DC is listed for $140,000 ($183 per sqft). Built in 1963, the home offers 764 sqft of living space on a N/A lot.

Key Features

  • Built in 1963

Property Details

1 story
1 full
#203
1963

Amenities

A/C
Listing Description

**Cash purchase only** INVESTOR ALERT! Immediate Cash Flow | Tenant in Place | Future Rent Upside Immediate cash flow from day one! Tenant-occupied 2BR/1BA condo generating $1,500/month with a reliable tenant in place through January. Below-market rent offers built-in upside at lease renewal, creating an opportunity to increase future revenue.

Recently refreshed interior, assigned off-street parking, private storage, in-unit washer and dryer, secure building, and just minutes to Deanwood Metro. Cash purchase only. This is an outstanding opportunity for investors seeking immediate income with long-term appreciation potential.

Located in a secure, professionally managed 14-unit condominium building, this well-maintained condo offers the ideal combination of stable cash flow and low-maintenance ownership. The current tenant has an excellent payment history, allowing you to purchase with confidence and begin collecting rental income immediately.

Recently refreshed interior features a modern kitchen and renovated bathroom, along with the convenience of an in-unit washer and dryer. Additional value-added amenities include assigned off-street parking, a private storage unit, and a pet-friendly community, helping attract and retain quality tenants.

The condo fee includes water, keeping operating expenses more predictable. Ideally situated just minutes from the Deanwood Metro Station (Orange Line), Metrobus routes, Route 50, I-295, and the Baltimore-Washington Parkway, residents enjoy easy access to Downtown Washington, DC, Capitol Hill, Maryland, and Northern Virginia.

Shopping, restaurants, parks, and everyday conveniences are all nearby, supporting strong rental demand in this growing Northeast DC neighborhood. Whether you're expanding your rental portfolio, completing a 1031 Exchange, or searching for a turnkey investment with immediate income and future upside, this property delivers.

Investment Highlights Immediate rental income at closing Current rent: $1,500/month Reliable tenant with an excellent payment history Below-market rent with future income growth potential Updated kitchen and renovated bathroom In-unit washer and dryer Assigned off-street parking Private storage unit Secure building access Pet-friendly community Wat

er included in the condo fee Minutes to Deanwood Metro, Metrobus, Route 50, I-295, and BW Parkway Cash purchase only. Existing lease through January must be honored. A rare opportunity to acquire a performing investment property with immediate cash flow and the potential for increased returns.

Monthly Cost Estimate

$1,225/mo

20% down · 6.5% · 30 years

Principal$101
Interest$607
Insurance$41
HOA$476

Estimates only. Actual payments may vary.

Location

4124 AMES Street NE #203

Washington, DC 20019

DEANWOOD

Property Details

Construction

Brick Front

Parking

Parking Lot

Heating

Central

Cooling

Central Air

Questions & Answers

This 2-bedroom, 1-bathroom condo at 4124 AMES Street NE is listed at $140,000 ($183/sqft). The estimated monthly payment is $1,225 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $476/month.

Key features include: Built in 1963.

This property is listed by Rebecca Williams and can be reached at 3013051113.

RW

Rebecca Williams

License BR40000325

Agent at REAL BROKER LLC

(301) 305-1113
Agent website

Listed by REAL BROKER LLC · Broker phone: (202) 335-7325 · View on Broker Site · Broker website

MLS# DCDC2270570· Source: Bright MLS· 77 days on PropertySimple

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4124 AMES Street NE #203, Washington, DC 20019

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