Welcome to a rare, turnkey opportunity in the heart of SE Washington, DC. This isn't just a renovation; it’s a complete transformation. With over $250,000 invested in a top-to-bottom overhaul, 501 32nd St SE has been reimagined as a sophisticated four-unit multifamily property that offers the peace of mind of new construction backed by the enduring strength of its original masonry. Virtually almost every component of this building is brand new. The structure was extensively gutted and rebuilt with new framing, joists, studs, and supports. Beyond the foundation and the exterior brick, everything has been replaced: a new roof, high-efficiency HVAC systems, updated plumbing, modern electrical, and energy-efficient windows throughout. Inside, each of the four units exudes contemporary style. You’ll find designer paint schemes, hardwood flooring, and sleek new cabinetry paired with modern fixtures. The redesign prioritized both aesthetics and effortless management, ensuring each unit feels like a high-end urban retreat. For the savvy investor, this property is a high-performing asset from day one. The "heavy lifting" is finished, offering a true plug-and-play addition to your portfolio. Furthermore, the quality of the finishes and the structural upgrades provide a clear and lucrative path for a future condo conversion. Whether you are looking to maximize rental yields or execute a strategic conversion, this property stands out as a premier choice in the city’s evolving landscape. It’s rare to find a multi-unit building of this caliber where every detail has been handled with such precision—all that’s left is to start collecting rent.
For sale
$580,000
501 32nd St SE, Washington, DC 20019
4beds
4baths
2,336sqft
Quadruplex
Built in 1953
-- sqft lot
$569,300 Zestimate®
$248/sqft
$-- HOA
What's special
High-efficiency hvac systemsModern electricalModern fixturesNew roofUpdated plumbingSleek new cabinetryEnergy-efficient windows throughout
- 12 days
- 232
- 44
Zillow last checked:
Listing updated:
Listed by:
Austen Rowland 240-305-5651,
Compass
Source: Bright MLS,MLS#: DCDC2275076
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Gas Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,336
- Total interior livable area: 2,336 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Other
Features
- Pool features: None
Lot
- Size: 2,178 Square Feet
- Features: Unknown Soil Type
Details
- Additional structures: Above Grade
- Parcel number: 5450//0035
- Zoning: R5A
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex
Materials
- Other
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Washington
Financial & listing details
- Price per square foot: $248/sqft
- Tax assessed value: $480,450
- Annual tax amount: $3,939
- Date on market: 9/22/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Estimated market value
$569,300
$541,000 - $598,000
$3,207/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2026 | Listed for sale | $580,000-9.4%$248/sqft |
Source: | ||
| 1/26/2025 | Listing removed | $640,000$274/sqft |
Source: | ||
| 1/15/2025 | Listed for sale | $640,000-1.5%$274/sqft |
Source: | ||
| 10/11/2024 | Listing removed | $650,000$278/sqft |
Source: | ||
| 6/26/2024 | Price change | $650,000+0.2%$278/sqft |
Source: | ||
| 6/25/2024 | Price change | $649,000-1.7%$278/sqft |
Source: | ||
| 5/20/2024 | Price change | $660,000-2.9%$283/sqft |
Source: | ||
| 3/23/2024 | Price change | $680,000-2.7%$291/sqft |
Source: | ||
| 2/17/2024 | Price change | $699,000-2.9%$299/sqft |
Source: | ||
| 1/27/2024 | Listed for sale | $720,000+44%$308/sqft |
Source: | ||
| 3/29/2019 | Sold | $500,000+0%$214/sqft |
Source: Public Record Report a problem | ||
| 1/25/2019 | Pending sale | $499,950$214/sqft |
Source: CENTURY 21 New Millennium #DCDC102422 Report a problem | ||
| 11/29/2018 | Price change | $499,950+17.6%$214/sqft |
Source: Compass #DCDC102422 Report a problem | ||
| 7/7/2018 | Listed for sale | $425,000+203.6%$182/sqft |
Source: Compass #1001998230 Report a problem | ||
| 7/18/2003 | Sold | $140,000+204.3%$60/sqft |
Source: Public Record Report a problem | ||
| 8/5/1999 | Sold | $46,000$20/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $3,939 +0.1% | $463,450 +0.1% |
| 2025 | $3,937 +0.7% | $463,160 +0.7% |
| 2024 | $3,910 +4.5% | $460,010 +4.5% |
| 2023 | $3,743 +12% | $440,350 +12% |
| 2022 | $3,342 +10.5% | $393,160 +10.5% |
| 2021 | $3,024 +5.3% | $355,820 +5.3% |
| 2020 | $2,873 +31.8% | $337,990 +31.8% |
| 2018 | $2,181 +12.9% | $256,530 +12.9% |
| 2017 | $1,932 +17% | $227,260 +17% |
| 2016 | $1,651 +5.5% | $194,190 +5.5% |
| 2015 | $1,565 +6.8% | $184,110 +6.8% |
| 2014 | $1,465 -5.1% | $172,330 -5.1% |
| 2013 | $1,543 -12.1% | $181,580 -12.1% |
| 2012 | $1,757 | $206,680 |
| 2011 | $1,757 -24.3% | $206,680 -24.3% |
| 2010 | $2,320 -4.1% | $272,970 -4.1% |
| 2009 | $2,418 +41% | $284,520 +45.9% |
| 2007 | $1,716 +26.7% | $194,950 +32.5% |
| 2006 | $1,354 +27.5% | $147,120 +33% |
| 2005 | $1,062 +57.8% | $110,600 +10.5% |
| 2002 | $673 -41.5% | $100,100 |
| 2001 | $1,151 | $100,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Greenway
Nearby schools
Schools provided by the listing agent
- District: District Of Columbia Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




