Multifamily Property for Sale in Washington, DC

  • Price: $849K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Washington, DC 20020
  • Size: 3,440 SF

Description

Located in the Fort Dupont Park community, 3919 R Street SE offers a well-maintained four-unit apartment building ideal for both investors and owner-occupants. The property includes four spacious 2-bedroom, 1-bathroom units, with three units currently vacant—providing immediate rental or occupancy flexibility. Each unit is separately metered, and recent updates include new windows, updated counter top, updated floorings, and renovated bathrooms. The building is fully detached and sits on a generous 6,190 SF lot, with approximately 3,400 SF of living space. This property offers several strategic options: Buy and hold as a traditional rental Live in one unit and rent out the others Condo conversion potential (subject to applicable approvals) Gross rental income potential is estimated between $72,000 – $76,800 annually based on DC fair market rents (Section 8 rates range from $1,500 to $1,620 per unit, including utilities). The building is freshly painted and ready for its next owner. Whether you're looking to expand your rental portfolio or occupy a unit while generating income from the others, this is a strong opportunity.

Market Context

This multifamily in Washington, DC is listed for sale at $849,000 across 3,440 SF. It has been on the market for 26 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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