REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Sonya Abney • Cosmopolitan Properties Real Estate Brokerage
$ 875,000
Est. payment | /mo
0.27 Acres Lot
$ 875,000
Est. payment | /mo
0.27 Acres Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DCDC2276824
Year Built 1944
Annual Tax Amount $6,524
Tax Year 2026
Lot Size 0.266 Acres
Acres 0.27
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
An outstanding opportunity to acquire a fully occupied seven-unit apartment building generating a current Net Operating Income (NOI) of $83,556.99. Generating a 9.5% cap rate, this well-performing asset features an attractive unit mix of six spacious 3-bedroom, 1-bath apartments and one studio unit, providing a desirable combination of family-sized housing and flexible rental options.
With stable occupancy and consistent income, this property offers investors immediate cash flow and long-term appreciation potential. The predominance of large three-bedroom units creates strong tenant demand and the potential for continued rental growth.
Ideally situated in Southeast Washington, DC, the property is conveniently located near Congress Heights and Anacostia Metro Stations, providing easy access throughout the District. Residents enjoy proximity to St. Elizabeths East, the Entertainment & Sports Arena, Gateway DC, and the Department of Homeland Security headquarters, all of which continue to drive investment and employment in the area. Outdoor enthusiasts will appreciate nearby Fort Stanton Park, Anacostia Park, and miles of walking and biking trails along the Anacostia River. Everyday conveniences include neighborhood shopping, restaurants, grocery stores, schools, and multiple Metrobus routes.
Whether you're looking to expand an existing multifamily portfolio or acquire a stable, income-producing asset with strong fundamentals, this turnkey investment offers an exceptional combination of reliable cash flow, desirable unit composition, and long-term upside in the nation's capital.
With stable occupancy and consistent income, this property offers investors immediate cash flow and long-term appreciation potential. The predominance of large three-bedroom units creates strong tenant demand and the potential for continued rental growth.
Ideally situated in Southeast Washington, DC, the property is conveniently located near Congress Heights and Anacostia Metro Stations, providing easy access throughout the District. Residents enjoy proximity to St. Elizabeths East, the Entertainment & Sports Arena, Gateway DC, and the Department of Homeland Security headquarters, all of which continue to drive investment and employment in the area. Outdoor enthusiasts will appreciate nearby Fort Stanton Park, Anacostia Park, and miles of walking and biking trails along the Anacostia River. Everyday conveniences include neighborhood shopping, restaurants, grocery stores, schools, and multiple Metrobus routes.
Whether you're looking to expand an existing multifamily portfolio or acquire a stable, income-producing asset with strong fundamentals, this turnkey investment offers an exceptional combination of reliable cash flow, desirable unit composition, and long-term upside in the nation's capital.
Location
State DC
County Washington
Zoning RA-1
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5722//0058
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "