220 3rd St SE - Multi-Family FOR SALE


Washington, DC 20003- Capitol Hill
$1,350,000 USD
202-221-8426
220 3rd St SE, Washington, DC for Sale
$1,350,000 USD
Multi-Family - FOR SALE
1/10
null | Request Cap Rate

220 3rd St SE
Washington, DC 20003
Capitol Hill


HIGHLIGHTS

  • Premier Capital Hill Location
  • Walkable Neighborhood with Outstanding Amenities
  • Excellent Transit Accessability
  • Spacious Apartment Layouts & Building Upgrades
  • Rent Control Exempt
  • TOPA Exempt

OVERVIEW

Horvath & Tremblay is pleased to exclusively present the opportunity to acquire 220 3rd Street SE, a boutique four-unit apartment building located in the heart of Capitol Hill, one of Washington, DC's most recognizable and supply-constrained neighborhoods. Situated just a few blocks from the United States Capitol Campus, the Property offers investors the rare opportunity to own a well-located multifamily asset in a neighborhood driven by a unique combination of government, legal, lobbying, and nonprofit employment that continues to support consistent apartment demand. The Property consists of four residential apartments, providing stable in place income with additional upside through future interior improvements, strategic lease turnover, and long-term rental growth. Two of the units are currently leased out as mid-term rentals (~2-3 months) and have the potential to be delivered vacant. Whether acquired as a long-term investment or as a property with future owner-occupancy potential, 220 3rd Street SE offers an attractive combination of irreplaceable location, manageable scale, and favorable ownership characteristics. Positioned several blocks from the U.S. Capitol, Senate and House Office Buildings, the Library of Congress, and the Supreme Court of the United States, residents enjoy immediate access to one of the nation's largest employment centers. Combined with exceptional neighborhood amenities, outstanding transit connectivity, and Capitol Hill's enduring appeal, the Property represents a rare opportunity to acquire a boutique multifamily asset in one of Washington's most stable and desirable rental markets.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$952 USD /SF

# OF UNITS

4

PRICE/UNIT

$337,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1857

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,418 SF

ZONING

-

APN/PARCEL ID

0790-0010

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.