About this home

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.

Facts and features

Schools

• Kimball Elementary School

  elementary · K-5 · 0.2 mi

  7

• Sousa Middle School

  middle · 6-8 · 0.5 mi

  3

• Anacostia High School

  high · 9-12 · 1.4 mi

  3

• Cornerstone Schools of Washington, D.C.

  elementary · K-12 · 0.7 mi

• Cornerstone Schools of Washington DC

  elementary · K-12 · 0.7 mi

• Cornerstone Schools-Washington

  elementary · K-12 · 0.7 mi

Price history

• Sep 23, 2026 · Listed$580,000
• Apr 17, 2019 · Sold$305,310
• Mar 29, 2019 · Sold$500,000
• Mar 27, 2019 · Sold$500,000
• Nov 29, 2018 · Listed$499,950
• Jul 24, 2003 · Sold$140,000
• Aug 5, 1999 · Sold$46,000
• Dec 19, 1986 · Sold$78,000

Tax history

• 2026$3,939 tax · $463,450 assessed
• 2025$3,936 tax · $463,450 assessed
• 2024$3,910 tax · $463,160 assessed
• 2023$3,742 tax · $440,350 assessed
• 2022$3,341 tax · $393,160 assessed
• 2021$3,024 tax · $355,820 assessed
• 2020$2,872 tax · $337,990 assessed
• 2019$2,595 tax · $305,310 assessed

Home value

$324,735

• Quantarium$324,735

Where it is