1719 W Virginia Ave NE - Apartments FOR SALE


Washington, DC 20002- Trinidad
$850,000 USD
202-534-3003
1719 W Virginia Ave NE, Washington, DC for Sale
$850,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

1719 W Virginia Ave NE
Washington, DC 20002
Trinidad


HIGHLIGHTS

  • TOPA Already Completed
  • Four Large One-Bedroom + Den Units
  • Separately Metered for Gas and Electric
  • 50% Occupancy - Ideal for Owner-Occupant or Value-Add Investor

OVERVIEW

HORVATH & TREMBLAY has been selected to exclusively market for sale 1719 West Virginia Avenue NE, a 4-unit multifamily building located in the Northeast Washington, DC neighborhood of Trinidad. TOPA has already been completed. 1719 West Virginia Avenue NE is a 3,100 square foot multifamily property comprised of four (4) one-bedroom plus den units. Since acquiring the property in 2017, the current owner has undertaken a significant program of capital improvements, reducing near-term maintenance exposure for a new buyer. The capital improvements complement the property’s strong physical fundamentals: each apartment offers in-unit washer/dryers, central A/C, individual hot water heaters, and dens that function as second bedrooms—broadening renter appeal to students and professionals alike. The building is currently 50% occupied, allowing an owner-occupant to reside in one unit while leasing the others, or an investor to stabilize the property as a fully leased, cash-flowing asset. The combination of modernized interiors, desirable layouts, and an attractive location proximate to Union Market, Gallaudet University, and Ivy City make 1719 West Virginia Avenue NE a compelling entry-level multifamily investment.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$343 USD /SF

# OF UNITS

4

PRICE/UNIT

$212,500

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1932

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,098 SF

ZONING

RF-1

APN/PARCEL ID

4053-0048

ASK ABOUT THIS PROPERTY

Christian BarreiroHorvath & TremblayMore Info
202-534-3003

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Christian BarreiroHorvath & TremblayMore Info
202-534-3003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.