1911 8th St NW - Apartments FOR SALE


Washington, DC 20001- Shaw
$985,000 USD
202-536-3742
1911 8th St NW, Washington, DC for Sale
$985,000 USD
Apartments - FOR SALE
1/7
null | 7.01% Cap Rate

1911 8th St NW
Washington, DC 20001
Shaw


HIGHLIGHTS

  • Fully Renovated in 2016
  • 100% Occupied with Voucher Tenants
  • Immediate Cash Flow with a 7.00% CAP Rate

OVERVIEW

Marcus & Millichap is pleased to exclusively present a fully renovated two-unit apartment buildings located at 1911 8th Street NW (2 -2BR/2 BA) in the highly desirable Shaw submarket of Northwest Washington, D.?C.? The offering represents a rare opportunity to acquire a renovated multifamily asset with strong in-place cash flow, multiple exit strategies, and long-term appreciation upside in one of the District’s most resilient rental markets.?There is also an opportunity to purchase a renovated four unit at 543 Florida Avenue NW. This asset has undergone substantial renovations, including modernized interiors and upgraded building systems, reducing near-term capital expenditure risk and providing immediate operational stability.? From a financial standpoint, the property delivers an attractive CAP rate of 7.00%, This two-unit building also present an exceptional opportunity for owner-occupants seeking to offset housing costs through rental income.? FHA financing is available for qualified buyers.? In Washington, D.?C.?, the 2026 FHA loan limit for a four-unit property is approximately $2.4 million, allowing buyers to acquire this asset with low down payment requirements while benefiting from market-rate rents.? With close proximity to Howard University, this opportunity is also well-suited for parents purchasing housing for a student while renting the remaining units to fellow students or young professionals.? This strategy enables parents to convert housing expenses into a long-term investment, offset ownership costs through rental income, and retain a highly marketable asset upon graduation.? The unit layouts, neighborhood amenities, and transit access align well with student and early-career renter demand, making this a compelling alternative to traditional student housing or condominium ownership.?

FOR SALE DETAILS

PRICE

$985,000 USD

PRICE/SF

$286 USD /SF

# OF UNITS

2

PRICE/UNIT

$492,500

CAP RATE

7.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,816 SF

ZONING

-

APN/PARCEL ID

0416-2001

ASK ABOUT THIS PROPERTY

Lorenzo WootenMarcus & MillichapMore Info
202-536-3742

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Lorenzo WootenMarcus & MillichapMore Info
202-536-3742

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