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501 Mellon St SE
Washington, DC 20032 Congress Heights

Price Upon Request

Apartments For Sale  •  9,300 SF

Property Details

• Property Type Apartments
• Total Building Size 9,300 SF
• Lot Size 0.18 AC
• Building Class C
• Year Built 1951
• Zoning R-3

70 Transit Score

81 Walk Score

Highlights

501 Mellon Street is a 10-unit apartment building with three two-bedroom and seven one-bedroom units, all averaging 700-900 square feet.

In Washington, DC’s Congress Heights neighborhood is within the metro’s Opportunity Zone and 5 minutes of public transportation.

Offered to the market as a foreclosure sale with immense value-add opportunity to convert to condos and/or raise NOI upon unit turnover.

Currently, each unit is separately metered for electric and gas, shielding ownership from significant uncontrolled costs.

67% of the 5-mile radius are renter-occupied households; of this, 39% are one and two-unit layouts, coinciding with the subject property’s unit mix.

Local POIs nearby include the Congress Heights Playground, the East Potomac Golf Course, the Mt. Vernon Hiking Trail, and Montgomery Dog Park.

Amenities

• 24 Hour Access
• Cable Ready
• Laundry Facilities
• Ceiling Fans
• Refrigerator
• Oven
• Tub/Shower
• Storage Space

Public Transportation

Commuter Rail	Drive	Walk	Distance
	10 min	-	4.8 mi
Union Station (Red Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail))	13 min	-	5.5 mi
Transit/Subway	Drive	Walk	Distance
Congress Heights (Green Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail))	4 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
Ronald Reagan Washington Ntl	17 min	-	8.9 mi
Baltimore/Washington International Thurgood Marshall	50 min	-	32.7 mi
Washington Dulles International	55 min	-	33.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	2
Type:	Covered
Included in Rent:	Yes