202-536-3742
5035 D St SE, Washington, DC for Sale
Apartments - FOR SALE
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5035 D St SE
Washington, DC 20019
Marshall Heights


OVERVIEW

Marcus & Millichap is pleased to exclusively represent the owner of 5305 & 5047-5049 D Street SE, a fully renovated 29-unit multifamily property in the Marshall Heights submarket of Washington, D.C. Situated on a 0.45-acre parcel and zoned RA-3, the property offers a diverse unit mix, including 18 three-bedroom units, nine two-bedroom units, one one-bedroom unit, and one studio, totaling approximately 19,336 rentable square feet. This offering presents a prime opportunity for investors to acquire a stabilized asset with 94% occupancy and a projected Year 1 cap rate of 6.88%. Each unit is individually metered for electricity, with tenants responsible for their utility costs, while the owner covers water expenses. The property underwent a full renovation in 2022, featuring modernized interiors with new kitchen cabinets, updated flooring, and renovated bathrooms. Additional capital improvements include a new roof, new windows, new water heaters, baseboard heating, and newly installed solar panels, offering potential rebate benefits for the next owner. The property also includes income-generating washer and dryer units and a newly paved parking lot—a $35,000 investment—providing approximately 35 parking spaces. Investors also have the opportunity to acquire 5105-5109 F Street SE, a fully renovated 24-unit multifamily property located just three blocks away. The acquisition of these affordable housing assets may qualify an owner for agency financing with favorable, below-market rate terms. Strategically positioned in Marshall Heights, the property offers excellent connectivity to downtown Washington, D.C., Northern Virginia, and Prince George’s County, Maryland. It is just eight blocks from the Benning Road Metro Station (Blue Line) and a short distance from the highly anticipated Commander’s stadium. This is a rare chance to invest in a turn-key, income-producing asset in one of Washington, D.C.'s fastest-growing residential corridors.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

11

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Portfolio Sale -Fully Renovated 29 Unit Apt

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,999 SF

ZONING

R-3

APN/PARCEL ID

5321-0800

ASK ABOUT THIS PROPERTY

Lorenzo WootenMarcus & MillichapMore Info
202-536-3742

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Lorenzo WootenMarcus & MillichapMore Info
202-536-3742

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