Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of 5105-5109 F Street SE, a 24-unit multifamily property in the thriving Marshall Heights neighborhood of Washington, D.C. Situated on a 0.55-acre parcel and zoned RA-3, the property features a well-balanced unit mix, including four three-bedroom units and 20 two-bedroom units, totaling approximately 17,600 rentable square feet (21,573 gross SF). This offering presents a compelling opportunity for investors to acquire a stabilized asset with 94 percent occupancy and a projected Year 1 cap rate of 6.93 percent. Each unit is individually metered for electricity and gas, with tenants responsible for these utilities, while the owner covers water expenses. The property underwent a full renovation in 2022, with extensive upgrades, including new kitchen cabinets, updated flooring, modernized bathrooms, and new water heaters. Additional capital improvements include a new roof, 50 percent new air-conditioning units, new windows, and newly installed solar panels offering potential rebate benefits for the next owner. The property also features income-producing washer and dryer units and a newly paved parking lot, a $35,000 investment, accommodating approximately 21 vehicles. Additionally, buyers have the opportunity to acquire 5035 & 5047-5049 D Street SE, a fully renovated 29-unit apartment community just three blocks away. With the purchase of these three affordable housing assets, an investor may qualify for agency financing with below-market rate terms. Strategically positioned in Marshall Heights, the property provides seamless access to downtown Washington, D.C., Northern Virginia, and Prince George’s County, Maryland. It is located just 11 blocks from the Benning Road Metro Station (Blue Line) and a short distance from the highly anticipated Commander’s stadium. This is a rare chance to invest in a turn-key multifamily asset in a high-demand area with strong rental potential and future growth opportunities.