Multifamily Property for Sale in Washington, DC

  • Price: $1.3M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Washington, DC 20001
  • Year built: 1910

Description

Property is "Coming Soon" Currently finishing remodeling project. Estimated completion April 18th. Disclosures will be complete closer to listing launch. Duplex - each unit to offer 4bd and 2ba. Submit your offers to our website at: www.coalitionoffers.com Send questions to Listing Agent ONLY - Abel Gebremichael - abel@coalitionpg.com Turn off the lights. Lock the door. Return the key to the lockbox. Year Built: 1910 | Listing Type: FOR SALE

Market Context

This multifamily in Washington, DC is listed for sale at $1,299,000. The building dates to 1910. It has been on the market for 23 days. Compare it against other multifamily listings for sale in Washington, DC — <a href="/search/sale/multifamily/district-of-columbia/washington">view the full market</a>.

As of Q3 2017, the Washington D.C. multifamily market showed a 3.7% vacancy rate, rents up 6.7% year over year, and cap rates around 5.7%. Source: Cushman & Wakefield Q3 2017 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Washington D.C.?
About 5.7% as of Q3 2017, per Cushman & Wakefield.
Is the Washington D.C. multifamily market tightening or softening?
Vacancy is around 3.7%, with asking rents rising year over year (Q3 2017).

Contact

Explore this market

Similar Multifamily Property for Sale in Washington, DC