THE OPPORTUNITY
The Zupancic Group of Marcus & Millichap, as the exclusive listing agent approved by the United States Bankruptcy Court for the District of Columbia, is pleased to present the exclusive offering of 5400 7th Street NW, a 22-unit multifamily asset located in the Brightwood Park neighborhood of NW DC. The sale is subject to a Chapter 11 Bankruptcy process, offering investors a rare opportunity to acquire a property free from the Tenant Opportunity to Purchase Act (TOPA) process due to the property's bankruptcy status. This exemption is granted under §42-3404.02 of DC code.
THE ASSET
Located at 5400 7th Street NW, this 22-unit multifamily building consists of all one-bedroom units, each averaging approximately 650 square feet with an average in-place rent of $1,209. Built in 1927, the property spans 16,221 total square feet on a charming 7,125-square-foot corner lot zoned RF-1. The building's classic architecture and prime location make it an attractive option for tenants, while the current rents provide a value-add opportunity for new ownership. With room to increase rents to market levels, this property offers excellent potential for long-term income growth in a sought-after neighborhood.
THE LOCATION
Located in the heart of Brightwood Park, one of Washington, DC’s most desirable and rapidly growing neighborhoods, this multifamily property offers a prime location that adds significant value to its investment potential. Brightwood Park is renowned for its tree-lined streets, strong sense of community, and convenient access to downtown DC. The neighborhood also provides easy access to Takoma Park and Silver Spring, Maryland, expanding opportunities for renters who value proximity to both urban amenities and suburban charm. With nearby public transportation, vibrant retail corridors, local dining, and top-rated schools, this property is positioned to meet consistent rental demand while benefiting from the area’s continued growth and rising property values.