Multifamily
507 Seward Square SE
507 Seward Square SE, Washington, DC 20003
Listing Price: $2,100,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 507 Seward Square SE, a fully vacant five-unit multifamily asset located in Washington, DC’s iconic Capitol Hill neighborhood. Adjacent to the U.S. Capitol & federal government offices, 507 Seward Square is also steps away from the best attractions of high-end city living, including award-winning restaurants, museums, parks, cafés, schools, and grocers along Barracks Row and in Eastern Market. 507 Seward Square presents an investor with the rare opportunity to acquire a 4,920 gross square foot, five (5) unit value-add multifamily asset without being subject to the Tenant Opportunity to Purchase Act (TOPA) process due to the property’s current 100% vacancy. This opportunity provides investors with several strategies which can be executed upon acquisition.
Listing Price: $2,100,000
Investment Highlights
- Fully Vacant - TOPA Exempt Asset
- Blue Chip Location Steps from Capitol Hill & Eastern Market
- Transit-Oriented Location
- Condo Conversion Potential
- High Demand and Low Supply Provides Flexibility for Investors
- Strong Demographics
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 507 Seward Square SE, a fully vacant five-unit multifamily asset located in Washington, DC’s iconic Capitol Hill neighborhood. Adjacent to the U.S. Capitol & federal government offices, 507 Seward Square is also steps away from the best attractions of high-end city living, including award-winning restaurants, museums, parks, cafés, schools, and grocers along Barracks Row and in Eastern Market. 507 Seward Square presents an investor with the rare opportunity to acquire a 4,920 gross square foot, five (5) unit value-add multifamily asset without being subject to the Tenant Opportunity to Purchase Act (TOPA) process due to the property’s current 100% vacancy. This opportunity provides investors with several strategies which can be executed upon acquisition.
