2139 Newport Pl - Apartments FOR SALE


Washington, DC 20037- Dupont Circle
$1,400,000 USD
202-221-8426
2139 Newport Pl, Washington, DC for Sale
$1,400,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

2139 Newport Pl
Washington, DC 20037
Dupont Circle


HIGHLIGHTS

  • Value-Add Opportunity
  • Rent Control Exemption Potential
  • Attractive Unit Features / Self-Contained Units
  • TOPA Exempt
  • Strong Demographics & Coveted Residential Location

OVERVIEW

Horvath & Tremblay is pleased to exclusively present the opportunity to acquire 2139 Newport Place NW, a four-unit apartment building ideally situated at the convergence of Dupont Circle and the West End, two of Washington, DC's most prestigious and sought-after neighborhoods. The Property consists of four one-bedroom apartments of identical layout, two of which will be vacant as of July 27th, providing in-place income while offering additional upside through the lease-up of the vacant units and future value-add opportunities. The Property presents a compelling opportunity for both investors and owner-occupants. A purchaser can immediately occupy either of the vacant apartments while generating while generating rental income from the remaining three units or lease the units to maximize cash flow from day one. Supported by exceptional neighborhood demographics, a highly walkable location, and recent favorable regulatory changes benefiting smaller multifamily properties, 2139 Newport Place NW offers a rare opportunity to acquire a boutique apartment asset in one of the District's most resilient rental markets.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$609 USD /SF

# OF UNITS

4

PRICE/UNIT

$350,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2139 Newport Pl NW

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,394 SF

ZONING

RA-8

APN/PARCEL ID

0069-0184

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.