Multifamily Property for Sale in Washington, DC

  • Price: $1.1M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Washington, DC 20011
  • Year built: 1936

Description

INVESTOR SPECIAL! IDEAL 1031. Fully occupied just over $7,000 monthly gross rent. A semi-detached Multifamily located in the hot Petworth neighborhood near the rapidly transforming Kennedy St corridor. Featuring 2-2bed and 2-1bed and den units. RA- 1 zoning and extra large rear lot along with a garage that can produce additional revenue. Year Built: 1936 | Listing Type: FOR SALE

Market Context

This multifamily in Washington, DC is listed for sale at $1,100,000. The building dates to 1936. 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).

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