Multifamily Property for Sale in Washington, DC

  • Price: $900K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Washington, DC 20032
  • Year built: 1938

Description

This multi unit property consists of 4 units with the following floor plan layouts... x2 - 1 bedroom units w/bathroom x1 - 2 bedroom unit w/bathroom x1 - 3 bedroom unit w/bathroom Great turn key investment opportunity in booming Congress Heights. All units are occupied except for vacant unit #1. This property is a great fit for a savvy owner occupant or investors to enjoy the sweet cash flow along with the neighborhoods strong year over year appreciation! Do not hesitate and book your showing today! * Photos are of vacant unit #1 Submit your offers to our website at: www.coalitionoffers.com Download disclosures in MLS. 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: 1938 | Listing Type: FOR SALE

Market Context

This multifamily in Washington, DC is listed for sale at $900,000. The building dates to 1938. 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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