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Multifamily

Overlook Condominiums

215 Newcomb St SE, Washington, DC 20032

Listing Price: Request For Offer

Number of Units
48
Gross SF
45,000

Investment Overview

As the exclusive listing broker, Marcus & Millichap is excited to present Overlook Condominiums, a 48-unit condominium building that is currently operating as a multifamily rental property. The asset is located on a quiet residential street within the rapidly growing Congress Heights neighborhood of Southeast DC, just 0.6 miles from the St. Elizabeths East, one of the largest developments in the DC area. The property is also located just over one mile from the Congress Heights Metro Station, providing convenient access to Public Transportation. Overlook Condominiums presents an exciting opportunity for investors to acquire an asset with significant value-add potential in a rapidly appreciating submarket primed for future growth.

Investment Highlights

  • Favorable Unit Mix and Ability to Add Bedrooms to Select Units
  • Rent Control Exemption
  • Completed Condominium Conversion
  • Located Near St. Elizabeths East and the Congress Heights Metro Station
  • Self-Contained, All Electric Units
  • 22% Vacant Asset

Exclusively Listed By

  • John Slowinski

    Associate

    (202) 536-3780

    Email John

    License(s): MD: 5002965, DC: SP200205349, VA: 0225251544

    Washington, D.C.

  • Christian Barreiro

    First Vice President Investments

    (202) 536-3704

    Email Christian

    License(s): DC: sp98373426, VA: 0225239551, MD: 5011820

    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.

  • Eric Jentoft-Herr

    Associate

    (202) 536-3779

    Email Eric

    License(s): MD: 681604, DC: SP200203903

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Multifamily

Overlook Condominiums

Listing Price: Request For Offer

Number of Units
48
Gross SF
45,000

Investment Highlights

  • Favorable Unit Mix and Ability to Add Bedrooms to Select Units
  • Rent Control Exemption
  • Completed Condominium Conversion
  • Located Near St. Elizabeths East and the Congress Heights Metro Station
  • Self-Contained, All Electric Units
  • 22% Vacant Asset

Investment Overview

As the exclusive listing broker, Marcus & Millichap is excited to present Overlook Condominiums, a 48-unit condominium building that is currently operating as a multifamily rental property. The asset is located on a quiet residential street within the rapidly growing Congress Heights neighborhood of Southeast DC, just 0.6 miles from the St. Elizabeths East, one of the largest developments in the DC area. The property is also located just over one mile from the Congress Heights Metro Station, providing convenient access to Public Transportation. Overlook Condominiums presents an exciting opportunity for investors to acquire an asset with significant value-add potential in a rapidly appreciating submarket primed for future growth.

Exclusively Listed By

  • John Slowinski

    Associate

    (202) 536-3780

    Email John

    License(s): MD: 5002965, DC: SP200205349, VA: 0225251544

    Washington, D.C.

  • Christian Barreiro

    First Vice President Investments

    (202) 536-3704

    Email Christian

    License(s): DC: sp98373426, VA: 0225239551, MD: 5011820

    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.

  • Eric Jentoft-Herr

    Associate

    (202) 536-3779

    Email Eric

    License(s): MD: 681604, DC: SP200203903

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

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