close
close
close

Real Estate

FHA 203K Watch: Multi-Unit Properties as Be Your Own Landlord Targets


There are right around 100 available multi-unit properties for sale in DC currently. The numbers can change daily as buildings go in & out of contract or go off of the market. Why are we calling out multi-unit buildings? Buying a building in a Be Your Own Landlord situation where you live in 1 unit and rent the others for income is very possible for first time home buyers.

The FHA 203K gives you the power to make a low down payment (4%) when buying a multi-unit property that will also be your primary residence. The competing investor buyer who will not be living onsite has to pay a 20% Down Payment for the same building. Curious how this works? Check out our upcoming FHA 203K Workshops, a popular series we’ve been running for 3 years now.

We do regular tours of multi-unit properties, typically on Sundays. Some buildings have varying levels of tenant occupancy, meaning it is best to plan early in the week. We are happy to set up access to anything you want to see!

The building in the photo was a 2 unit property in Deanwood with a recent renovation and a listing price of $345,000. The property is 100% tenant occupied and a is a turnkey purchase with rental income in place. Listing information provided courtesy of Weichert, Realtors with data last updated 8/21/2017 at 6:15am.

* Separate multiple values with comma.

Sort by:

4326 Halley Ter Se Washington, DC 20032

Price $20,000
Units 4
Status Contract
MLS # DC10127639
Property Type Garden 1-4 Floors
 

700 Brandywine St Se Washington, DC 20032

Price $20,000
Units 7
Status Contract
MLS # DC10130233
Property Type Multi-family
 

4244 6th St Se Washington, DC 20032

Price $20,000
Units 5
Status Contract
MLS # DC10128146
Property Type Garden 1-4 Floors
 

2727 Jasper St Se Washington, DC 20020

Price $200,000
Units 4
Status Contract
MLS # DC9550062
Property Type Multi-family
 

1737 F St Ne Washington, DC 20002

Price $206,700
Units 2
Status Contract
MLS # DC10192040
Property Type Duplex
 

1720 R St Se Washington, DC 20020

Price $275,000
Units 4
Status Cntg/kickout
MLS # DC9866579
Property Type Multi-family
 

508 Brandywine St Se Washington, DC 20032

Price $299,900
Units 3
Status Contract
MLS # DC10172530
Property Type Attach/row Hse
 

3235 Ely Pl Se Washington, DC 20019

Price $350,000
Units 2
Status Active
MLS # DC10133645
Property Type Multi-family
 

114 Joliet St Sw Washington, DC 20032

Price $389,000
Units 2
Status Cntg/no Ko
MLS # DC10236711
Property Type Semi-detached
 

Not ready to sit down with a real estate agent yet? We have free group Home Buyer Workshops twice a week, every week. Here’s the schedule & topics:

RSVP

SUPPORT LOCAL REAL ESTATE!
Skip to toolbar
Tools Fast Help