1818 Riggs Pl NW - Apartments FOR SALE


Washington, DC 20009- Dupont Circle
$3,960,000 USD
202-221-8426
1818 Riggs Pl NW, Washington, DC for Sale
$3,960,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

1818 Riggs Pl NW
Washington, DC 20009
Dupont Circle


HIGHLIGHTS

  • A Premier, Enduring Urban Neighborhood
  • Walkability & Transit Access
  • Retail, Dining & Lifestyle Amenities
  • Anchored by Award-Winning Restaurants & Nightlife
  • Institutional-Quality Property Management
  • Favorable Tenant Turnover Supporting Rent Growth

OVERVIEW

Horvath & Tremblay is pleased to present 1818 Riggs Place NW, a 21-unit multifamily asset located in the heart of Dupont Circle, one of Washington, DC’s most established and consistently high-performing neighborhoods. The property totals approximately 12,290 square feet and features twenty (20) studio units and one (1) one-bedroom unit across two stories plus a basement. With immediate access to Metro, nationally recognized retailers, top-tier restaurants, and major employment centers, the property offers investors an increasingly rare opportunity to acquire a boutique apartment building in a premier urban location with proven durability and long-term liquidity. The opportunity provides both stability and upside. Investors are able to acquire a professionally-maintained asset of attractive scale in Dupont Circle, boasting predictable operations and meaningful downside protection. As attractive, it also presents an immediate, executable value-creation strategy based on short-term average tenancy, providing opportunities to implement renovations on a near-term, predictable, rolling basis, boosting building performance and cash-flow.

FOR SALE DETAILS

PRICE

$3,960,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

21

PRICE/UNIT

$188,571

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1818 Riggs

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,664 SF

ZONING

RA-8

APN/PARCEL ID

0133-0810

ASK ABOUT THIS PROPERTY

Dennis CravediHorvath & TremblayMore Info
202-221-8426

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Dennis CravediHorvath & TremblayMore Info
202-221-8426

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