Multifamily Property for Sale in Washington, DC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Washington, DC 20001

Description

60-UNIT BOUTIQUE APARTMENT COMMUNITY DELIVERED IN 2023 IN THE HEART OF WASHINGTON D.C.’S SHAW AND 14TH & U STREET CORRIDOR Investment Highlights: • MARKET-TO-MARKET OPPORTUNITY - Units offer a new-construction living experience that supports a clear opportunity to capture rental pricing of similar unit types in the submarket • TRANSIT-ORIENTED URBAN LIVING - Two blocks to Whole Foods, and ~three blocks to U Street Metro (Green/Yellow Lines) with direct access to Howard University (0.2 miles), Downtown D.C., and the CBD • STRONG DEMOGRAPHICS & PRICING ADVANTAGE - Surrounding submarket supported by ~$140K+ median household incomes, with rents positioned at a meaningful discount to larger Class A new construction • BEST-IN-CLASS BOUTIQUE AMENITIES - Luxurious amenity package includes a high-end lobby, fitness center, rooftop lounge/study with catering kitchen, and two rooftop terraces with monument and skyline views, along with Amazon Hub package lockers, refrigerated grocery storage, bike and resident storage, and Latch-controlled access and unit entry • DURABLE, HIGH-QUALITY, AWARD-WINNING CONSTRUCTION - Concrete and steel construction—rare for boutique multifamily—developed with The FORTIS Companies and designed by Eric Colbert & Associates. Enhanced sound attenuation, including mass-loaded vinyl in all demising walls, supports superior resident experience and long-term durability. Awarded NAIOP DC|MD's 2024 Best Multifamily Project in Washington, D.C. • FAVORABLE REGULATORY ENVIRONMENT - Washington, D.C. remains a premier gateway market with durable demand drivers and constrained new multifamily supply, supporting above-trend rent growth over the coming years. In addition, the RENTAL Act of 2025 (D.C. Law 26-80) provides improved regulatory clarity and NoSHA benefits from the Act's new-building TOPA exemption, enhancing operational flexibility and investment certainty

Market Context

This multifamily in Washington, DC is listed for sale. It is offered at an approximate 4.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 52 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.

Its 4.1% asking cap rate is below the Washington D.C. multifamily market average of about 5.7%, reflecting premium pricing relative to comparable assets. 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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