10-Unit MFR Building With Significant Upside | 501 Mellon St SE
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10-Unit MFR Building With Significant Upside 501 Mellon St SE 10 Lots d’appartement Immeuble residentiel Vente aux enchères en ligne Washington, DC 20032
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 501 Mellon Street is a 10-unit apartment building with three two-bedroom and seven one-bedroom units, all averaging 700 to 900 square feet.
- Offered to the market as a foreclosure sale with an immense value-add opportunity to convert to condos and/or raise NOI upon unit turnover.
- 67% of the 5-mile radius is renter-occupied households; of this, 39% are one- and two-unit layouts, coinciding with the subject property’s unit mix.
- Washington, DC’s Congress Heights neighborhood is within the metro’s Opportunity Zone and five minutes from public transportation.
- Currently, each unit is separately metered for electric and gas, shielding ownership from significant uncontrolled costs.
- Local POIs nearby include the Congress Heights Playground, the East Potomac Golf Course, the Mt. Vernon Hiking Trail, and Montgomery Dog Park.
RÉSUMÉ ANALYTIQUE
As the exclusive advisor, Realty One Group is pleased to present the multifaceted and value-add investment opportunity of the 10-unit apartment building at 501 Mellon Street SE in Washington, DC.
The building spans 9,300 square feet across three stories and offers a mix of one- and two-bedroom units. Offered vacant to the market as a foreclosure sale, this multifamily building is a great redevelopment opportunity. An investor can strategically reconfigure select units or build upon the current property with expansion. Each unit is self-contained, and the property runs on electricity, gas, and water. With substantial upgrades, the property has potential for expansion and increased revenue. New ownership will inherit a property with some deferred maintenance. There is a strong foundation for future growth and profitability.
501 Mellon Street SE is on a residential street within the rapidly growing Congress Heights neighborhood of Southeast DC. It is 0.6 miles from St. Elizabeth's East, one of the largest developments in the DC area. The property is also located near convenient access to public transportation. Located amid Anacostia’s rapid redevelopment scene, the property is primed to take advantage. Nearby projects include MLK Gateway and Saint Elizabeth. This location will be in high demand among future renters and investment professionals.
Congress Heights is emerging as a hub for leisure and sports thanks to the newly built Entertainment and Sports Arena and Gateway DC, a green space used for festivals, farmers markets, and other community events. Regarding rentals, Congress Heights is one of the most affordable places to live in the capital, with condos, apartments, houses, and 20th-century townhomes available for rent. Locals gather at community spaces like the Town Hall Education Arts Recreation Campus and the Congress Heights Arts and Culture Center.
501 Mellon Street SE presents an exceptional opportunity for investors and developers to acquire an asset with significant value-add potential in a rapidly appreciating submarket primed for future growth.
Property tours are available by appointment only. Please contact the broker to schedule.
The building spans 9,300 square feet across three stories and offers a mix of one- and two-bedroom units. Offered vacant to the market as a foreclosure sale, this multifamily building is a great redevelopment opportunity. An investor can strategically reconfigure select units or build upon the current property with expansion. Each unit is self-contained, and the property runs on electricity, gas, and water. With substantial upgrades, the property has potential for expansion and increased revenue. New ownership will inherit a property with some deferred maintenance. There is a strong foundation for future growth and profitability.
501 Mellon Street SE is on a residential street within the rapidly growing Congress Heights neighborhood of Southeast DC. It is 0.6 miles from St. Elizabeth's East, one of the largest developments in the DC area. The property is also located near convenient access to public transportation. Located amid Anacostia’s rapid redevelopment scene, the property is primed to take advantage. Nearby projects include MLK Gateway and Saint Elizabeth. This location will be in high demand among future renters and investment professionals.
Congress Heights is emerging as a hub for leisure and sports thanks to the newly built Entertainment and Sports Arena and Gateway DC, a green space used for festivals, farmers markets, and other community events. Regarding rentals, Congress Heights is one of the most affordable places to live in the capital, with condos, apartments, houses, and 20th-century townhomes available for rent. Locals gather at community spaces like the Town Hall Education Arts Recreation Campus and the Congress Heights Arts and Culture Center.
501 Mellon Street SE presents an exceptional opportunity for investors and developers to acquire an asset with significant value-add potential in a rapidly appreciating submarket primed for future growth.
Property tours are available by appointment only. Please contact the broker to schedule.
DATA ROOM Cliquez ici pour accéder à
- Operating and Financials
ANALYSES DU MARCHÉ Cliquez ici pour accéder à
INFORMATIONS SUR L’IMMEUBLE
| Type de vente | Investissement | Surface du lot | 0,07 ha |
| Condition de vente | Vente aux enchères | Surface de l’immeuble | 864 m² |
| Type de propriété | Pleine propriété | Occupation moyenne | 0% |
| Nb de lots | 10 | Nb d’étages | 3 |
| Type de bien | Immeuble residentiel | Année de construction | 1951 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,02/1 000 m² |
| Style d’appartement | De faible hauteur | Zone de développement économique [USA] |
Oui
|
| Classe d’immeuble | C | ||
| Zonage | R-3 | ||
| Type de vente | Investissement |
| Condition de vente | Vente aux enchères |
| Type de propriété | Pleine propriété |
| Nb de lots | 10 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,07 ha |
| Surface de l’immeuble | 864 m² |
| Occupation moyenne | 0% |
| Nb d’étages | 3 |
| Année de construction | 1951 |
| Ratio de stationnement | 0,02/1 000 m² |
| Zone de développement économique [USA] |
Oui |
| Zonage | R-3 |
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Prêt pour le câble
- Ventilateurs de plafond
- Baignoire/Douche
CARACTÉRISTIQUES DU SITE
- Laverie
- Espace d’entreposage
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Walk Score®
Très praticable à pied (73)
Transit Score®
Excellent réseau de transport en commun (71)
TAXES FONCIÈRES
| Numéro de parcelle | 5984-0043 | Évaluation des aménagements | 448 798 € |
| Évaluation du terrain | 272 234 € | Évaluation totale | 721 032 € |
TAXES FONCIÈRES
Numéro de parcelle
5984-0043
Évaluation du terrain
272 234 €
Évaluation des aménagements
448 798 €
Évaluation totale
721 032 €
CONSEILLER EN VENTE
CONSEILLER EN VENTE
Dean Hunter, Broker
Dean Hunter, widely recognized as “Mr. Small Multifamily,” is the visionary behind SmallMultifamily.com, the first and only digital ecosystem built specifically for small apartment building owners, operators, and investors. The platform serves as the home for the “small multifamily movement”—bringing together advocacy, education, deal flow, and capital to empower everyday housing providers.
The SmallMultifamily.com platform is powered by three mission-driven arms:
The Small Multifamily Owners Association (SMOA) – the leading voice for small landlords and rental housing providers in Washington, D.C. and beyond
The Small Multifamily Institute – a nonprofit think tank advancing education, research, and policy to support naturally occurring affordable housing (NOAH)
The Small Multifamily Group – a boutique real estate investment sales and advisory firm specializing in small and mid-sized apartment building transactions
Dean is a seasoned commercial real estate broker, former attorney, and national advocate for housing equity. Utilizing Ten-X, Hunter has direct access to a nationwide platform and a vast database of ready-to-buy multifamily investors. He uses this reach to connect property owners to motivated, qualified buyers—helping them maximize value, minimize taxes, and close deals with speed and discretion.
Through The Small Multifamily Group, Dean has advised hundreds of owners on successful exit strategies, equity protection, and legacy-building decisions. His reputation is built on trust, deep market knowledge, and fierce commitment to getting the best outcome for his clients.
Dean holds a J.D. from Howard University School of Law and a B.A. in Political Science from American University. He also holds certifications in Community Development Finance from Novogradac and the UNH Carsey School of Public Policy. He currently serves as Community Development Finance Consultant at Krimson Capital Partners, where he helps structure capital stacks for affordable housing, healthcare, and clean energy projects across the country.
Dean is also the executive producer of the upcoming documentary series Rent Burdened: The Fight to Save Affordable Housing, serves as Associate Minister at New Bethel Baptist Church, and is a member of Kappa Alpha Psi Fraternity, Inc.
Contact Dean: 202-660-1333 Direct
The SmallMultifamily.com platform is powered by three mission-driven arms:
The Small Multifamily Owners Association (SMOA) – the leading voice for small landlords and rental housing providers in Washington, D.C. and beyond
The Small Multifamily Institute – a nonprofit think tank advancing education, research, and policy to support naturally occurring affordable housing (NOAH)
The Small Multifamily Group – a boutique real estate investment sales and advisory firm specializing in small and mid-sized apartment building transactions
Dean is a seasoned commercial real estate broker, former attorney, and national advocate for housing equity. Utilizing Ten-X, Hunter has direct access to a nationwide platform and a vast database of ready-to-buy multifamily investors. He uses this reach to connect property owners to motivated, qualified buyers—helping them maximize value, minimize taxes, and close deals with speed and discretion.
Through The Small Multifamily Group, Dean has advised hundreds of owners on successful exit strategies, equity protection, and legacy-building decisions. His reputation is built on trust, deep market knowledge, and fierce commitment to getting the best outcome for his clients.
Dean holds a J.D. from Howard University School of Law and a B.A. in Political Science from American University. He also holds certifications in Community Development Finance from Novogradac and the UNH Carsey School of Public Policy. He currently serves as Community Development Finance Consultant at Krimson Capital Partners, where he helps structure capital stacks for affordable housing, healthcare, and clean energy projects across the country.
Dean is also the executive producer of the upcoming documentary series Rent Burdened: The Fight to Save Affordable Housing, serves as Associate Minister at New Bethel Baptist Church, and is a member of Kappa Alpha Psi Fraternity, Inc.
Contact Dean: 202-660-1333 Direct
À PROPOS DE LA TECHNOLOGIE DES ENCHÈRES
Les enchères de Ten-X reposent sur une technologie de pointe pour les transactions en ligne dans le secteur de l’immobilier d’entreprise, ayant généré un total de plus de 34 milliards de dollars de transactions. Grâce à l’utilisation de cette technologie avancée et d’informations sur les actifs en temps réel, Ten-X positionne au mieux vos annonces pour trouver l’acquéreur idéal. Avec un processus d’enchères très rapide, une due diligence complète et la vérification des acquéreurs, les transactions sont conclues deux fois plus vite et avec deux fois plus de fiabilité pour les brokers, les propriétaires et les investisseurs.
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CONTACT POUR LES ENCHÈRES
Amen Almukhtar
Contact
Licence du commissaire-priseur :
Ten-X Arlene Richardson RE Brkr BR40000233
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CARTE
Barême de frais de transaction
Basée sur le pourcentage du montant de l’enchère gagnante.
Montant de l’enchère gagnante
Frais de transaction
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Exemple de calcul
Montant de l’enchère gagnante
$4,000,000
Frais de transaction
$100,000 (2.5%)
Prix d’achat total
$4,100,000
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10-Unit MFR Building With Significant Upside | 501 Mellon St SE
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10-Unit MFR Building With Significant Upside | 501 Mellon St SE
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