About This Home

This 0-bedroom, 0-bathroom multi-family at 501 32ND Street SE in Washington, DC is listed for $580,000 ($248 per sqft). Built in 1953, the home offers 2,336 sqft of living space on a 0.05 acres lot.

Key Features

  • Built in 1953
  • 0.05 acre lot

Property Details

1953

Amenities

A/C
Listing Description

Welcome to a rare, turnkey opportunity in the heart of SE Washington, DC. This isn't just a renovation; it's a complete transformation. With over $250,000 invested in a top-to-bottom overhaul, 501 32nd St SE has been reimagined as a sophisticated four-unit multifamily property that offers the peace of mind of new construction backed by the enduring strength of its original masonry.

Virtually almost every component of this building is brand new. The structure was extensively gutted and rebuilt with new framing, joists, studs, and supports. Beyond the foundation and the exterior brick, everything has been replaced: a new roof, high-efficiency HVAC systems, updated plumbing, modern electrical, and energy-efficient windows throughout.

Inside, each of the four units exudes contemporary style. You'll find designer paint schemes, hardwood flooring, and sleek new cabinetry paired with modern fixtures. The redesign prioritized both aesthetics and effortless management, ensuring each unit feels like a high-end urban retreat.

For the savvy investor, this property is a high-performing asset from day one. The "heavy lifting" is finished, offering a true plug-and-play addition to your portfolio. Furthermore, the quality of the finishes and the structural upgrades provide a clear and lucrative path for a future condo conversion.

Whether you are looking to maximize rental yields or execute a strategic conversion, this property stands out as a premier choice in the city's evolving landscape. It's rare to find a multi-unit building of this caliber where every detail has been handled with such precision-all that's left is to start collecting rent.

Monthly Cost Estimate

$3,102/mo

20% down · 6.5% · 30 years

Principal$419
Interest$2,513
Insurance$169

Estimates only. Actual payments may vary.

Location

501 32ND Street SE

Washington, DC 20019

Property Details

Parking

On Street

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 501 32ND Street SE is listed at $580,000 ($248/sqft). The estimated monthly payment is $3,102 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1953, 0.05 acre lot.

This property is listed by Austen Rowland.

AR

Austen Rowland

License SP200205782

Agent at Compass

Listed by Compass · Broker phone: (202) 491-1275 · View on Broker Site

MLS# DCDC2275076· Source: Bright MLS· 40 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.

501 32ND Street SE, Washington, DC 20019

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