$420,000

426 CONDON TERRACE SE, WASHINGTON, DC, 20032

  • 3,246sq ft
  • Active

Key Details

January 14, 2026
Year Built: 1950
Days on Market: 144
DCDC2241384
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Description

"THE OPPORTUNITY 426 Condon Terrace SE presents a well-located four-unit multifamily opportunity in the Washington Highlands neighborhood of Southeast DC. The building includes three 2BR/1BA units and one 4BR/1BA unit. With 50% current occupancy and strong location fundamentals, the property is well-suited for both investors seeking value-add potential and owner-occupants looking to reduce housing costs through rental income. Current occupied units are generating in-place rents of $700 (2BR) and $1,000 (4BR), with upside through lease-up and rent repositioning. RENT CONTROL EXEMPT As a four-unit property, 426 Condon Terrace SE qualifies for DC's rent control exemption for first-time multifamily owners. This designation allows future owners to implement market-based rent increases, giving them greater flexibility in income strategy over time compared to larger, regulated assets. IDEAL FOR OWNER-OCCUPANT With two of the four units currently vacant, this property presents a prime opportunity for an owner-occupant to live on-site while collecting income from the remaining units. This structure allows for reduced monthly housing expenses while building equity in a supply-constrained DC submarket. FUNCTIONAL UNIT MIX WITH RENTAL UPSIDE The unit mix consists of three two-bedroom units and one four-bedroom unit, providing a balance of family-sized layouts and more affordable options for smaller households. The vacant units offer clear upside through light renovations and market-rate leasing, with nearby comps supporting higher rent potential. SURROUNDED BY COMMUNITY AMENITIES The property is located next to the Washington Highlands Recreation Center and is just a two-minute walk to Hendley Elementary School and Oxon Run Park. This level of walkable access to public amenities increases renter appeal, particularly among families and long-term tenants. ACCESSIBLE VIA MULTIPLE BUS ROUTES 426 Condon Terrace SE is located directly on the C13 Metrobus line, with additional access a short walk away to the C15 line. These routes provide connectivity to Potomac Ave and Anacostia Metro stations, as well as key destinations throughout Southeast DC, making the location convenient for commuters without a car."

Listing Courtesy of: Greysteel Company LLC

Location

Features

  • Days on market: 144
  • List Date: January 14, 2026
  • Subdivision: CONGRESS HEIGHTS
  • County: WASHINGTON
  • Year Built: 1950
  • Property Type: Quadruplex
  • Total taxes: 4,948
  • Basement Type:
  • Listing ID: DCDC2241384
  • Architecture Style: Other

Schools

These schools are filtering within the property address as determined by our data provider.

Rating Name Type Level Grades Address
NA Private Elementary PK-7 2422 K St NW, Washington, DC20037

Grade Span: PK - 7

Admission: Private

Address: 2422 K St NW, Washington, DC20037

Phone: 202-495-0507

Teachers: 6

Students: 20

Ratio: 3:1 Students/Teacher

Gender: 45% Male / 55% Female

Student/Teacher ratio

Enrollment
NA Private Elementary PK-6 2700 27th St NW, Washington, DC20008

Grade Span: PK - 6

Admission: Private

Address: 2700 27th St NW, Washington, DC20008

Phone: 202-387-2700

Teachers: 11

Students: 71

Ratio: 7:1 Students/Teacher

Gender: 49% Male / 51% Female

Student/Teacher ratio

Enrollment
NA Private Elementary PK-8 3825 Klingle Pl NW, Washington, DC20016

Grade Span: PK - 8

Admission: Private

Address: 3825 Klingle Pl NW, Washington, DC20016

Phone: 202-460-9076

Website: http://www.annunciationschool.net/

Teachers: 21

Students: 121

Ratio: 6:1 Students/Teacher

Gender: 60% Male / 40% Female

Student/Teacher ratio

Enrollment
NA Private Secondary 9-12 4300 Harewood Rd NE, Washington, DC20017

Grade Span: 9 - 12

Admission: Private

Address: 4300 Harewood Rd NE, Washington, DC20017

Phone: 202-529-0900

Teachers: 27

Students: 383

Ratio: 14:1 Students/Teacher

Gender: 57% Male / 43% Female

Student/Teacher ratio

Enrollment
NA Private Combined Elementary/Secondary 1-11 1600 Jonquil St NW, Washington, DC20012

Grade Span: 1 - 11

Admission: Private

Address: 1600 Jonquil St NW, Washington, DC20012

Phone: 301-593-4343

Teachers: 4

Students: 21

Ratio: 5:1 Students/Teacher

Gender: 67% Male / 33% Female

Student/Teacher ratio

Enrollment
NA Private Elementary KG-5 1801 Mississippi Ave SE, Washington, DC20020

Grade Span: KG - 5

Admission: Private

Address: 1801 Mississippi Ave SE, Washington, DC20020

Phone: 202-678-1515

Teachers: 10

Students: 71

Ratio: 7:1 Students/Teacher

Gender: 100% Male

Student/Teacher ratio

Enrollment
NA Private Elementary KG-5 1801 Mississippi Ave SE, Washington, DC20020

Grade Span: KG - 5

Admission: Private

Address: 1801 Mississippi Ave SE, Washington, DC20020

Phone: 202-678-1515

Teachers: 6

Students: 83

Ratio: 14:1 Students/Teacher

Gender: 100% Male

Student/Teacher ratio

Enrollment
NA Private Elementary KG-8 5841 Chevy Chase Pkwy NW, Washington, DC20015

Grade Span: KG - 8

Admission: Private

Address: 5841 Chevy Chase Pkwy NW, Washington, DC20015

Phone: 202-966-6682

Teachers: 39

Students: 508

Ratio: 13:1 Students/Teacher

Gender: 49% Male / 51% Female

Student/Teacher ratio

Enrollment
NA Private Combined Elementary/Secondary PK-12 2001 Wisconsin Ave NW, Washington, DC20007

Grade Span: PK - 12

Admission: Private

Address: 2001 Wisconsin Ave NW, Washington, DC20007

Phone: 202-829-3700

Teachers: 44

Students: 478

Ratio: 11:1 Students/Teacher

Gender: 46% Male / 54% Female

Student/Teacher ratio

Enrollment
NA Private Elementary PK-KG 5608 Broad Branch Rd NW, Washington, DC20015

Grade Span: PK - KG

Admission: Private

Address: 5608 Broad Branch Rd NW, Washington, DC20015

Phone: 202-232-2233

Teachers: 2

Students: 2

Ratio: 1:1 Students/Teacher

Gender: 50% Male / 50% Female

Student/Teacher ratio

Enrollment
NA Private Elementary PK-8 210 S Carolina Ave SE, Washington, DC20003

Grade Span: PK - 8

Admission: Private

Address: 210 S Carolina Ave SE, Washington, DC20003

Phone: 202-355-4498

Website: http://www.chds.org/

Teachers: 35

Students: 203

Ratio: 6:1 Students/Teacher

Gender: 54% Male / 46% Female

Student/Teacher ratio

Enrollment
NA Private Elementary 2-6 725 8th St SE, Washington, DC20003

Grade Span: 2 - 6

Admission: Private

Address: 725 8th St SE, Washington, DC20003

Phone: 202-878-6917

Teachers: 3

Students: 12

Ratio: 5:1 Students/Teacher

Gender: 67% Male / 33% Female

Student/Teacher ratio

Enrollment
NA Private Elementary KG-6 201 Allison St NW Ste B, Washington, DC20011

Grade Span: KG - 6

Admission: Private

Address: 201 Allison St NW Ste B, Washington, DC20011

Phone: 202-722-1520

Website: http://www.cfmschool.org/

Teachers: 12

Students: 104

Ratio: 9:1 Students/Teacher

Gender: 48% Male / 52% Female

Student/Teacher ratio

Enrollment
NA Private Combined Elementary/Secondary KG-12 3742 Ely Pl SE, Washington, DC20019

Grade Span: KG - 12

Admission: Private

Address: 3742 Ely Pl SE, Washington, DC20019

Phone: 202-575-0027

Teachers: 18

Students: 160

Ratio: 9:1 Students/Teacher

Gender: 48% Male / 52% Female

Student/Teacher ratio

Enrollment
NA Private Elementary PK-KG 301 A St SE, Washington, DC20003

Grade Span: PK - KG

Admission: Private

Address: 301 A St SE, Washington, DC20003

Phone: 202-294-4799

Teachers: 2

Students: 4

Ratio: 2:1 Students/Teacher

Gender: 50% Male / 50% Female

Student/Teacher ratio

Enrollment
NA Private Combined Elementary/Secondary 6-12 4101 Connecticut Ave NW, Washington, DC20008

Grade Span: 6 - 12

Admission: Private

Address: 4101 Connecticut Ave NW, Washington, DC20008

Phone: 202-362-8882

Teachers: 44

Students: 333

Ratio: 8:1 Students/Teacher

Gender: 45% Male / 55% Female

Student/Teacher ratio

Enrollment
NA Private Elementary PK-1 4473 Connecticut Ave NW, Washington, DC20008

Grade Span: PK - 1

Admission: Private

Address: 4473 Connecticut Ave NW, Washington, DC20008

Phone: 202-966-7747

Website: http://www.franklinmontessori.com/

Teachers: 4

Students: 8

Ratio: 2:1 Students/Teacher

Gender: 100% Male

Student/Teacher ratio

Enrollment
NA Private Combined Elementary/Secondary 6-12 2000 Florida Ave NW, Washington, DC20009

Grade Span: 6 - 12

Admission: Private

Address: 2000 Florida Ave NW, Washington, DC20009

Phone: 202-244-0639

Teachers: 15

Students: 42

Ratio: 3:1 Students/Teacher

Gender: 67% Male / 33% Female

Student/Teacher ratio

Enrollment
NA Private Combined Elementary/Secondary PK-12 4200 Davenport St NW, Washington, DC20016

Grade Span: PK - 12

Admission: Private

Address: 4200 Davenport St NW, Washington, DC20016

Phone: 202-295-6127

Teachers: 149

Students: 1053

Ratio: 7:1 Students/Teacher

Gender: 47% Male / 53% Female

Student/Teacher ratio

Enrollment
NA Private Elementary PK-KG 1041 Wisconsin Ave NW, Washington, DC20007

Grade Span: PK - KG

Admission: Private

Address: 1041 Wisconsin Ave NW, Washington, DC20007

Phone: 202-337-8058

Teachers: 1

Students: 3

Ratio: 3:1 Students/Teacher

Gender: 67% Male / 33% Female

Student/Teacher ratio

Enrollment
NA Private Secondary 9-12 1524 35th St NW, Washington, DC20007

Grade Span: 9 - 12

Admission: Private

Address: 1524 35th St NW, Washington, DC20007

Phone: 202-337-3350

Website: http://www.visi.org/

Teachers: 46

Students: 509

Ratio: 11:1 Students/Teacher

Gender: / 100% Female

Student/Teacher ratio

Enrollment
NA Private Secondary 9-12 19 I St NW, Washington, DC20001

Grade Span: 9 - 12

Admission: Private

Address: 19 I St NW, Washington, DC20001

Phone: 202-336-7100

Website: http://www.gonzaga.org/

Teachers: 68

Students: 956

Ratio: 14:1 Students/Teacher

Gender: 100% Male

Student/Teacher ratio

Enrollment
NA Private Elementary PK-8 1325 36th St NW, Washington, DC20007

Grade Span: PK - 8

Admission: Private

Address: 1325 36th St NW, Washington, DC20007

Phone: 202-337-2339

Teachers: 32

Students: 314

Ratio: 10:1 Students/Teacher

Gender: 47% Male / 53% Female

Student/Teacher ratio

Enrollment
NA Private Secondary 9-12 801 Buchanan St NE, Washington, DC20017

Grade Span: 9 - 12

Admission: Private

Address: 801 Buchanan St NE, Washington, DC20017

Phone: 202-281-2700

Teachers: 7

Students: 44

Ratio: 6:1 Students/Teacher

Gender: 61% Male / 39% Female

Student/Teacher ratio

Enrollment
NA Private Combined Elementary/Secondary 6-12 4301 Harewood Rd NE, Washington, DC20017

Grade Span: 6 - 12

Admission: Private

Address: 4301 Harewood Rd NE, Washington, DC20017

Phone: 202-424-3780

Website: http://www.kirovacademydc.org/

Teachers: 11

Students: 77

Ratio: 7:1 Students/Teacher

Gender: 21% Male / 79% Female

Student/Teacher ratio

Enrollment

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