3104 Bruce Pl SE - Apartments FOR SALE


Washington, DC 20020- Congress Heights
$5,950,000 USD
240-475-1138
3104 Bruce Pl SE, Washington, DC for Sale
$5,950,000 USD
Apartments - FOR SALE
1/14
null | 8.95% Cap Rate

3104 Bruce Pl SE
Washington, DC 20020
Congress Heights


HIGHLIGHTS

  • A 52-Unit Multifamily Property Totaling 27,007 Gross Square Feet Situated on a 1.2-Acre Parcel Zoned RA-1
  • Diverse Unit Mix: 10 One-Bedroom, 38 Two-Bedroom, and 4 Three-Bedroom Apartments Offering Strong Tenant Appeal
  • Currently 38% Occupied, Providing Significant Value-Add Potential Through Lease-Up and Strategic Renovations
  • Projected Year 1 CAP Rate of 8.95% with Opportunity for Additional Return as Occupancy Stabilizes
  • Located In the Anacostia Subdivision, an Area Undergoing Major Redevelopment and Public Investment

OVERVIEW

Marcus & Millichap is pleased to exclusively present 3100–3104 Bruce Place SE and 3035–3037 Stanton Road SE, a 52-unit multifamily offering located in the Anacostia subdivision of Washington, D.C. Situated on a 1.2-acre parcel and zoned RA-1, the property totals approximately 27,007 SF and features a diverse unit mix of 10 one bedroom, 38 two-bedroom, and 4 three-bedroom apartments. This opportunity provides investors with significant upside potential, as the property is currently 38% occupied and offers a projected Year 1 CAP Rate of 8.95% upon stabilization. The scale of the asset, combined with its desirable location and favorable zoning, presents an attractive repositioning or value-add opportunity in one of Southeast D.C.’s most rapidly evolving neighborhoods. Anacostia is undergoing substantial public and private investment, driven by redevelopment initiatives and proximity to major transportation and employment hubs. Residents enjoy convenient access to the Anacostia Metro Station (Green Line), multiple Metrobus routes, and major commuter corridors, including Suitland Parkway and I-295, connecting Downtown D.C. and Northern Virginia. The property also benefits from its close proximity to the Anacostia Arts Center, the new Frederick Douglass Memorial Bridge, and the rapidly transforming St. Elizabeth's East Campus—home to the new Entertainment & Sports Arena and the headquarters of the Department of Homeland Security. This offering represents a rare opportunity to acquire a well-located, large-scale multifamily property with immediate value-add potential in a submarket positioned for long-term growth. Investors can capitalize on the ongoing revitalization of Anacostia and the continued influx of investment throughout the Anacostia corridor, making this an exceptional acquisition for both private and institutional capital seeking strong returns in the Washington, D.C. market.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

52

PRICE/UNIT

$114,423

CAP RATE

8.95%

% LEASED

38%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

52 Unit Apartment - 7.95% Proforma CAP Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

RA-1

APN/PARCEL ID

5876-0049

ASK ABOUT THIS PROPERTY

Paul SeniorMarcus & MillichapMore Info
240-475-1138

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Paul SeniorMarcus & MillichapMore Info
240-475-1138

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