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Multifamily

507 Seward Square SE

507 Seward Square SE, Washington, DC 20003

Listing Price: $2,100,000

Cap Rate
1.00%
Number of Units
5
Price/Unit
$420,000
Price/Gross SF
$426.83
Gross SF
4,920

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.

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

Exclusively Listed By

  • Joseph Tabb

    Associate

    (202) 536-3724

    Email Joseph

    License(s): MD: 5001989, DC: SP200204741

    Washington, D.C.

  • Dennis Cravedi

    First Vice President Investments

    (202) 536-3751

    Email Dennis

    License(s): MD: 655939, DC: SP98377145

    Washington, D.C.

  • Marty Zupancic

    Senior Vice President Investments

    (202) 536-3788

    Email Marty

    License(s): MD: 631902, VA: 0225 187032, DC: SP98368225

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Multifamily

507 Seward Square SE

Listing Price: $2,100,000

Cap Rate
1.00%
Number of Units
5
Price/Unit
$420,000
Price/Gross SF
$426.83
Gross SF
4,920

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.

Exclusively Listed By

  • Joseph Tabb

    Associate

    (202) 536-3724

    Email Joseph

    License(s): MD: 5001989, DC: SP200204741

    Washington, D.C.

  • Dennis Cravedi

    First Vice President Investments

    (202) 536-3751

    Email Dennis

    License(s): MD: 655939, DC: SP98377145

    Washington, D.C.

  • Marty Zupancic

    Senior Vice President Investments

    (202) 536-3788

    Email Marty

    License(s): MD: 631902, VA: 0225 187032, DC: SP98368225

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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