Multifamily Property for Sale in Washington, DC

  • Price: $599K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Washington, DC 20032
  • Year built: 1944

Description

Investor Alert!! Great opportunity and potential for immediate cash flow. Multi-family 4 unit apartment building with one vacant unit in Congress Heights. Unit #1 is available for immediate showings. Each unit 1bd/1ba with a traditional floor plan layout. Units are separately metered for utilities. Don't miss this opportunity and book your showing online today! FYI, The Current certificate of occupancy is 4 units and yet the building currently offer a 5th unit in the basement. 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: 1944 | Listing Type: FOR SALE

Market Context

This multifamily in Washington, DC is listed for sale at $599,000. The building dates to 1944. 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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