543 Florida Ave NW - Storefront Retail/Residential FOR SALE


Washington, DC 20001- LeDroit Park
$1,500,000 USD
202-536-3742
543 Florida Ave NW, Washington, DC for Sale
$1,500,000 USD
Storefront Retail/Residential - FOR SALE
1/10
null | 6.99% Cap Rate

543 Florida Ave NW
Washington, DC 20001
LeDroit Park


HIGHLIGHTS

  • Portfolio of Two Fully Renovated Four-Unit Buildings in the Columbia Heights / Shaw submarket of Northwest Washington, D.C.
  • Eight Total Units with a Desirable Unit Mix, including four 3BR/2BA units and four 2BR/1BA units.
  • Attractive In-Place Cash Flow with combined NOI of approximately $271,000 and going-in cap rates of 6.99%–7.39%.
  • Multiple Buyer Exit Strategies, including traditional investors, owner-occupants, and parent-student buyers.
  • Compelling Owner-Occupant Opportunity with FHA financing available and a 2026 four-unit FHA loan limit of approximately $2.4 million
  • Transit-Oriented, Walkable Location near the Columbia Heights Metro Station, Howard University and the 14th Street NW retail corridor

OVERVIEW

Marcus & Millichap is pleased to exclusively present a fully renovated four-unit apartment buildings located at 543 Florida Avenue NW (4 -2BR/2 BA) in the highly desirable Columbia Heights / Shaw submarket of Northwest Washington, D.C. The offering represents a rare opportunity to acquire a renovated multifamily asset with strong in-place cash flow, multiple exit strategies, and long-term appreciation upside in one of the District’s most resilient rental markets. There is also an option to purchase 1500 Columbia Avenue NW (4-3BR/1 BA) in the same submarket. The portfolio consists of eight total units across two separately metered buildings, offering buyers flexibility to acquire individually or as a combined investment. Both assets have undergone substantial renovations, including modernized interiors and upgraded building systems, reducing near-term capital expenditure risk and providing immediate operational stability. From a financial standpoint, the properties deliver attractive going-in cap rates ranging from approximately 6.99% to 7.39%, with NOI of approximately $271,000 combined, and strong Debt Coverage Ratios (1.30x–1.38x). Shaw Duo offers strong in-place income, and market-supported rent growth in a low vacancy submarket. These four-unit buildings also present an exceptional opportunity for owner-occupants seeking to offset housing costs through rental income. FHA financing is available for qualified buyers, significantly expanding the buyer pool. In high-cost markets such as Washington, D.C., the 2026 FHA loan limit for a four-unit property is approximately $2.4 million, allowing buyers to acquire these assets with low down payment requirements while benefiting from market-rate rents. With close proximity to Howard University, this opportunity is also well-suited for parents purchasing housing for a student while renting the remaining units to fellow students or young professionals. This strategy enables parents to convert housing expenses into a long-term investment, offset ownership costs through rental income, and retain a highly marketable asset upon graduation. The unit layouts, neighborhood amenities, and transit access align well with student and early-career renter demand, making this a compelling alternative to traditional student housing or condominium ownership.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$1,024 USD /SF

CAP RATE

6.99%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Renovated Four Unit - Owner or Investor

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

1,032 SF

ZONING

C2A

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Lorenzo WootenMarcus & MillichapMore Info
202-536-3742

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

Lorenzo WootenMarcus & MillichapMore Info
202-536-3742

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