5501 Foote St NE - Apartments FOR SALE


Washington, DC 20019- Grant Park
$1,200,000 USD
703-376-7675
5501 Foote St NE, Washington, DC for Sale
$1,200,000 USD
Apartments - FOR SALE
1/24
null | 8.89% Cap Rate

5501 Foote St NE
Washington, DC 20019
Grant Park


OVERVIEW

This stabilized 6-unit multi-family asset at 5501 Foote St NE offers a premier investment opportunity in the high-growth Deanwood corridor, currently operating at 66% occupancy with average rents of $1,725 and a consistent 12% year-over-year rental growth. The property features a resilient mix of market-rate and voucher-assisted units, providing immediate cash flow while offering the flexibility to either lease up the remaining vacant units as-is or renovate them to further maximize market rents. With a clear path to an estimated 8% Cap Rate upon full stabilization, this building is perfectly positioned to capture significant upside in one of DC’s most rapidly appreciating submarkets.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

8.89%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R-2

APN/PARCEL ID

5225-0020

ASK ABOUT THIS PROPERTY

Santiago NogueraFairfax Realty SelectMore Info
703-376-7675

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

Santiago NogueraFairfax Realty SelectMore Info
703-376-7675

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