5024 H St SE Immeuble residentiel 5 lots 258 891 € (51 778 €/Lot) Washington, DC 20019

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, August 16th, 2025 & ends Thursday, August 21st, 2025 at 12:00 PM.
5 Unit Apartment Building in the "Marshall Heights" Neighborhood of Washington, DC **Gross Potential Annual Rent Of $102,492**
The property features a unit mix of four 2BR/1BA units and one 1BR/1BA unit. Currently, 2 of the five units are occupied.
Current gross monthly rent of $3,270
Current gross annual scheduled rent of $39,240
Potential gross monthly rent of $8,541
Potential gross annual rent of $102,492
• Unit 1: 2 bed / 1 bath – vacant.
• Unit 2: 1 bed / 1 bath – $1,513/month. (Voucher tenant)
• Unit 3: 2 bed / 1 bath – $1,757/month. (Voucher tenant)
• Unit 4: 2 bed / 1 bath – vacant.
• Unit 5: 2 bed / 1 bath – vacant.
Each unit includes updated kitchens, bathrooms, modern appliances and flooring. Individual HVAC systems and water heaters are installed in each unit for tenant comfort. Each unit has it's own electric meter.
The property is equipped with rooftop solar panels. The new owner will be required to purchase electricity through the existing solar power provider. Since the installation, the current owners have benefited from electricity rates below market average—an advantage that can positively impact the new owner's cash flow.
The building also includes a large, unfinished utility room adjacent to the basement unit (Unit 5), offering potential for expansion.
The property sits on a 6,758+/- SF lot, which may allow for further development or structural expansion under R-2 zoning.
Photos were taken on July 18th, 2025.
Diligence Package: A copy of the purchase and sale agreement and assorted addenda is located in the documents section. In order to gain access, you must create a free account as well as accept a non disclosure agreement.
Auction Notes: Online Auction Only! Bidding begins Saturday, August 16th, 2025 & ends Thursday, August 21st, 2025 at 12:00 PM.
Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.
The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. Neither the auctioneer or the owner make any representations or warranties with respect to the accuracy of information.