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Listed by Sonya Abney • Cosmopolitan Properties Real Estate Brokerage
$ 875,000
Est. payment | /mo
6,250 Sqft Lot
$ 875,000
Est. payment | /mo
6,250 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Deanwood
MLS Listing ID DCDC2276416
Year Built 1953
Annual Tax Amount $9,090
Tax Year 2026
Lot Size 6,250 Sqft
Acres 0.14
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Unlock the potential of this 9-unit multifamily investment in the growing Deanwood neighborhood of Northeast Washington, DC. 100% occupied, this income-producing property generates $10,217 in gross monthly income, offers an attractive 10% cap rate, and delivers positive cash flow from day one.
This is an excellent opportunity for investors seeking immediate income with the potential to increase value through strategic improvements. With full occupancy already in place, the property provides a solid foundation for future renovations, operational enhancements, or long-term hold strategies.
Conveniently located near the Deanwood Metro Station (Orange Line), the property offers easy access to Downtown Washington, DC, Capitol Hill, and surrounding Maryland communities. Residents also benefit from nearby Metrobus service, Minnesota Avenue, East Capitol Street, Route 50, and I-295, making commuting simple and convenient.
The surrounding neighborhood features Marvin Gaye Park, the Deanwood Recreation Center, the Deanwood Neighborhood Library, local shopping, restaurants, schools, and continued public and private investment that has contributed to the area's ongoing revitalization.
Whether you're looking to expand your portfolio with a stable, cash-flowing asset or capitalize on the neighborhood's future growth, this Deanwood apartment building presents a compelling investment opportunity with both immediate income and long-term upside.
This is an excellent opportunity for investors seeking immediate income with the potential to increase value through strategic improvements. With full occupancy already in place, the property provides a solid foundation for future renovations, operational enhancements, or long-term hold strategies.
Conveniently located near the Deanwood Metro Station (Orange Line), the property offers easy access to Downtown Washington, DC, Capitol Hill, and surrounding Maryland communities. Residents also benefit from nearby Metrobus service, Minnesota Avenue, East Capitol Street, Route 50, and I-295, making commuting simple and convenient.
The surrounding neighborhood features Marvin Gaye Park, the Deanwood Recreation Center, the Deanwood Neighborhood Library, local shopping, restaurants, schools, and continued public and private investment that has contributed to the area's ongoing revitalization.
Whether you're looking to expand your portfolio with a stable, cash-flowing asset or capitalize on the neighborhood's future growth, this Deanwood apartment building presents a compelling investment opportunity with both immediate income and long-term upside.
Location
State DC
County Washington
Zoning MULTI-FAMILY
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 5199//0815
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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