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Ram Bala

realtor.ram.bala@gmail.com +1(703) 403-5338

Listed by Sofia Pellegrino • Samson Properties

$ 16,500,000

Est. payment -/mo

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Price Dropped by $2.0M

3316-3324 WHEELER RD SE Washington, DC 20032

0.88 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Congress Heights

MLS Listing ID DCDC2192710

Year Built 1964

Annual Tax Amount $14,688

Tax Year 2024

Lot Size 0.882 Acres

Acres 0.88

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Prime investment Opportunity in DC! Presenting a high-potential 108-unit multifamily community consisting of 9 garden-style buildings located at the intersection of Wheeler Rd SE and 10th Pl SE in the heart of Washington, D.C. This asset offers exceptional accessibility—just one mile from the Congress Heights Metro Station, within walking distance to Harris Teeter, and a short commute to Joint Base Anacostia-Bolling, the Washington Navy Yard, and MGM National Harbor. The unit mix is thoughtfully designed to meet strong rental demand, including: 12 one-bedroom, one-bath units, 33 two-bedroom, one-bath units, 60 three-bedroom, one-bath units and 3 four-bedroom, one-bath units.
A large portion of the community participates in tenant-based voucher programs such as HCVP, GWUL, and Pathways to Housing DC, providing stable occupancy and predictable cash flow. This asset has undergone significant capital improvements within the past two years, including major mechanical, electrical, and plumbing upgrades, newer windows, doors, and kitchen cabinetry, updated appliances and modern flooring, sewer line enhancements, installation of 42 high-definition security cameras and renovated laundry rooms in each building. Notably, 70 of the 108 units have been fully renovated between 2023–2025, and the exteriors of all buildings have been freshly painted. The community has also embraced sustainability, with solar panels installed as part of the Sustainable DC initiative, reducing operating costs and environmental impact. This is an exceptional investment prospect offering a blend of stability, recent improvements, and long-term upside in one of D.C.'s fastest-growing submarkets.

Location

State DC

County Washington

Zoning RA

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 110.0

Utilities Available Natural Gas Available, Electric Available

Water Access N

Street Surface Paved

Accessibility None

Total Parking Spaces 110

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools King

Middle Schools Hart

High Schools Ballou

School District District Of Columbia Public Schools

Others

Tax ID 5939/0015, 0016, 0017, 0018, 0019, 0020.

Ownership Fee Simple

Acceptable Financing Conventional, Cash, Bank Portfolio, Other

Listing Terms Conventional, Cash, Bank Portfolio, Other

Financing Conventional,Cash,Bank Portfolio,Other

Special Listing Condition Standard

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Ram Bala

Agent License ID: VA:0226036501 MD:576134

+1(703) 403-5338

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Ram Bala

3316-3324 WHEELER RD SE Washington, DC 20032

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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3316-3324 WHEELER RD SE