3320-3322 Wheeler Rd SE - Apartments FOR SALE


Washington, DC 20032- Congress Heights
$19,900,000 USD
703-593-6976
3320-3322 Wheeler Rd SE, Washington, DC for Sale
$19,900,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

3320-3322 Wheeler Rd SE
Washington, DC 20032
Congress Heights


HIGHLIGHTS

  • Gated Community
  • Fully Renovated Units
  • Major Property Renovations

OVERVIEW

Prime Investment Opportunity in Washington, D.C.! This high-potential 108-unit multifamily community comprises nine garden-style buildings strategically located at the intersection of Wheeler Rd SE and 10th Pl SE, right in the heart of the city. The property boasts exceptional accessibility, situated just one mile from the Congress Heights Metro Station, within walking distance to Harris Teeter, and offering a short commute to major destinations including Joint Base Anacostia-Bolling, the Washington Navy Yard, and MGM National Harbor. The unit mix is thoughtfully designed to meet strong rental demand, featuring 12 one-bedroom, one-bath units; 33 two-bedroom, one-bath units; 60 three-bedroom, one-bath units; and 3 four-bedroom, one-bath units. A significant portion of the community participates in tenant-based voucher programs such as HCVP, GWUL, and Pathways to Housing DC, ensuring stable occupancy and predictable cash flow. Over the past two years, the asset has undergone substantial capital improvements. These include major mechanical, electrical, and plumbing upgrades, installation of newer windows, doors, and kitchen cabinetry, updated appliances and modern flooring, sewer line enhancements, and the addition of 42 high-definition security cameras. Each building also features renovated laundry rooms. Notably, 70 of the 108 units have been fully renovated between 2023 and 2025, and all building exteriors have been freshly painted. The community has embraced sustainability through the installation of solar panels as part of the Sustainable DC initiative, helping to reduce operating costs and environmental impact. This offering presents an exceptional investment prospect, combining stability, recent improvements, and long-term upside in one of D.C.’s fastest-growing submarkets.

FOR SALE DETAILS

PRICE

$19,900,000 USD

PRICE/SF

$185 USD /SF

# OF UNITS

108

PRICE/UNIT

$184,259

CAP RATE

Request Cap Rate

% LEASED

81%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Renaissance Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

110

LAND DETAILS

LAND ACRES

3.97 AC

LAND SF

172,990 SF

ZONING

R-2

APN/PARCEL ID

5939-0015,5939-0016,5939-0017,5939-0018,5939-0019,5939-0020

ASK ABOUT THIS PROPERTY

Sofia PellegrinoSamson PropertiesMore Info
703-593-6976

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Sofia PellegrinoSamson PropertiesMore Info
703-593-6976

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