PROPERTY DESCRIPTION
Noble Group is pleased to present 1949 Naylor Rd SE, a newly constructed 29-unit multifamily investment opportunity in Washington, D.C.’s Fairlawn–Anacostia area.
The approximately 19,720 SF property offers a diversified mix of studio, one-bedroom, and two-bedroom residences featuring modern kitchens, stainless steel appliances, dishwashers, microwaves, refrigerators, garbage disposals, in-unit washer/dryers, and electric heating. The new-construction profile provides investors with a modern asset designed for today's rental market while limiting near-term capital improvement requirements.
At stabilization, the property is projected to generate approximately $783,000 in annual residential GPR, plus approximately $30,000 in parking income, resulting in approximately $813,000 in total gross income and $610,658 in stabilized NOI.
The property is strategically positioned near Skyland Town Center and benefits from convenient access to I-295, Capitol Hill, Navy Yard, the Anacostia waterfront, Joint Base Anacostia-Bolling, the U.S. Coast Guard Headquarters, Downtown Washington, D.C., and National Harbor. Nearby public transportation, retail, dining, parks, and continued public and private investment throughout Southeast D.C. further enhance the property's long-term positioning.
1949 Naylor Rd SE offers investors a compelling combination of new construction, strong projected income, modern unit finishes, diversified rental demand, and long-term growth potential in an evolving Washington, D.C. submarket.