Property photo 1
Property photo 2
2 Beds
1 Bath
764 sqft

$140,000

4124 AMES STREET NE Unit: 203, WASHINGTON DC, 20019

Price per sqft$183.25
Built in1963
Property size764 sqft
Property typeCondominium

Overview

Active

Active-bright

Listed Jul 15, 2026

Updated 5 days ago

**Cash purchase only** INVESTOR ALERT! Immediate Cash Flow | Tenant in Place | Future Rent Upside Immediate cash flow from day one! Tenant-occupied 2BR/1BA condo generating $1,500/month with a reliable tenant in place through January. Below-market rent offers built-in upside at lease renewal, creating an opportunity to increase future revenue. Recently refreshed interior, assigned off-street parking, private storage, in-unit washer and dryer, secure building, and just minutes to Deanwood Metro. Cash purchase only. This is an outstanding opportunity for investors seeking immediate income with long-term appreciation potential. Located in a secure, professionally managed 14-unit condominium building, this well-maintained condo offers the ideal combination of stable cash flow and low-maintenance ownership. The current tenant has an excellent payment history, allowing you to purchase with confidence and begin collecting rental income immediately. Recently refreshed interior features a modern kitchen and renovated bathroom, along with the convenience of an in-unit washer and dryer. Additional value-added amenities include assigned off-street parking, a private storage unit, and a pet-friendly community, helping attract and retain quality tenants. The condo fee includes water, keeping operating expenses more predictable. Ideally situated just minutes from the Deanwood Metro Station (Orange Line), Metrobus routes, Route 50, I-295, and the Baltimore-Washington Parkway, residents enjoy easy access to Downtown Washington, DC, Capitol Hill, Maryland, and Northern Virginia. Shopping, restaurants, parks, and everyday conveniences are all nearby, supporting strong rental demand in this growing Northeast DC neighborhood. Whether you're expanding your rental portfolio, completing a 1031 Exchange, or searching for a turnkey investment with immediate income and future upside, this property delivers. Investment Highlights Immediate rental income at closing Current rent: $1,500/month Reliable tenant with an excellent payment history Below-market rent with future income growth potential Updated kitchen and renovated bathroom In-unit washer and dryer Assigned off-street parking Private storage unit Secure building access Pet-friendly community Water included in the condo fee Minutes to Deanwood Metro, Metrobus, Route 50, I-295, and BW Parkway Cash purchase only. Existing lease through January must be honored. A rare opportunity to acquire a performing investment property with immediate cash flow and the potential for increased returns.

$931/mo

Est. mortgage payment based on a $140,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
DCDC2270570

Interior Features

Bedrooms
2
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
Yes

Other Property Details

Taxes
$1,349
Tax Frequency
Annually
Secondary Association Fee
$476
Secondary Association Fee Frequency
Monthly
55+/Senior Community
No
MLS provider logo

Listed by Real Broker, LLC
Listing Contact: 3013051113 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/2/2026 at 12:25 AM UTC

 

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