3BD DC Flip | Low Reno | $254.9K Buy | $400K ARV

340 55th St NE, Washington, DC 20019

Strong value-add opportunity in Northeast Washington, DC with a straightforward renovation scope and solid resale potential. This 3 bedroom / 1 bathroom home offers approximately 1,500 square feet, providing strong scale for a cosmetic-to-moderate renovation project.

With an estimated $40K renovation, the deal supports a projected $400K ARV, creating a compelling spread in a consistently active DC resale market.

Property Highlights

• 3 Bedrooms
• 1 Bathroom
• 1,500 SqFt
• Buy Now: $254,900
• Estimated Renovation: $40,000
• ARV: $400,000
• Strong value-add spread
• Located in a stable Northeast DC residential pocket

Neighborhood Highlights

Natural & Recreational Amenities

• Marvin Gaye Park – A 1.6-mile greenway featuring bike paths, playgrounds, splash pads, and scenic bridges along Watts Branch Creek.
• Kenilworth Park & Aquatic Gardens – Located less than a mile away, this nationally recognized park offers marsh boardwalks and beautiful water lily ponds.

Community Amenities

• Deanwood Recreation Center & Library – A modern $33M community facility with a tech lab, sound studio, fitness areas, and an indoor pool.
• Strong Commuter Access – Convenient to Deanwood, Minnesota Avenue, and Benning Road Metro stations with quick access to Route 50 and New York Avenue for commuting throughout DC.

Local Neighborhood Favorites

• The Strand DC – A modern neighborhood restaurant contributing to the area's ongoing revitalization.
• Menick’s Market – A long-standing corner market known for its local history and popular made-to-order sandwiches.

Call/Text Joshua Shifrin — 917-767-7675 for access or questions

Disclaimer

Broker participation is welcome at 3% on top of the buy now price. Do no disturb tenant there will be no showing inside of property. Ratified ready to settle 2-3 weeks. Occupied, Selling as-is. Buyer is responsible for all closing costs and title insurance. Firm on price: any offer below asking will not be considered. Cash or Hard Money Loans Only. Must use New World Title Co.