5636 Blaine Street NE, WASHINGTON, DC 20019 (MLS # DCDC2290026)

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PRICE $349,000 BEDS 5 BATHS 4 HOME SIZE 2,074 sqft LOT SIZE 1,743 sqft Request More Info Schedule a Showing

INVESTOR ALERT: TRIPLE-LOT DC OPPORTUNITY UNDER $400,000! 5636 Blaine Avenue NE | Washington, DC Three separately deeded lots. An expansive residence. Multiple investment strategies. One compelling opportunity to unlock value in Washington, DC. For seasoned investors, ambitious newcomers, renovation specialists, and developers, 5636 Blaine Avenue NE offers an exciting opportunity to acquire a property with significant value-add potential at an asking price under $400,000. With substantial existing space, a prominent corner location, and three contiguous lots, this is an opportunity to think beyond a conventional real estate investment. THREE LOTS. MULTIPLE POSSIBILITIES. The property's standout feature is its footprint: three contiguous, separately deeded lots situated on an elevated, prominent corner with appealing views. This distinctive configuration invites investors to explore possibilities extending well beyond renovating the existing home. Potential investment strategies include: Renovate and resell: Transform the existing residence through a comprehensive renovation and reposition it for resale. Create a multigenerational residence: Reimagine the expansive interior for extended-family living. Explore multifamily potential: Investigate opportunities for additional residential units, subject to zoning and approvals. Evaluate redevelopment: Determine whether the individual lots could support new construction or a broader development concept, subject to applicable zoning, permitting, and building requirements. Pursue a value-add investment: Assess the property's highest and best permitted use and develop a strategy around its verified potential. Buyers should independently verify lot dimensions, zoning, permitted density, subdivision feasibility, and development requirements with the appropriate DC authorities. Beyond its impressive lot configuration, the existing residence offers abundant interior space and period character. Reportedly configured for as many as five or six bedrooms, the home also features two kitchens, offering flexibility for a redesigned multigenerational layout or a potential separate lower-level living area, subject to applicable code and permitting requirements. A substantial, comprehensive renovation is anticipated. For investors with the right team, budget, and execution strategy, the opportunity is to reimagine the property and determine how best to capitalize on its existing improvements and land. Conveniently located approximately five minutes from I-295, the property offers access to the U.S. Capitol, federal employment centers, major hospitals, and regional transportation. Several prominent government and medical destinations, as well as Ronald Reagan Washington National Airport, are approximately 15 minutes away by car, depending on traffic. Held by the same family for more than 50 years, this distinctive property is ready for a new owner with vision. Its combination of three separately deeded lots, a substantial existing home, and a prominent corner setting makes it an opportunity worth examining closely. OFFERED UNDER $400,000 | MOTIVATED SELLER Whether your strategy involves renovation, resale, multigenerational housing, or investigating redevelopment potential, 5636 Blaine Avenue NE deserves a place on your investment shortlist. Bring your contractor. Bring your architect. Bring your investment strategy. The opportunity starts with vision. Schedule your private showing today and explore the possibilities.