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Multifamily

A Fully Renovated Twenty-Nine Unit Apartment

5047 D St SE, Washington, DC 20019

Listing Price: Request For Offer

Number of Units
29
Occupancy
97.0%
Gross SF
19,336

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of 5035 & 5047-5049 D Street SE, a fully renovated 29-unit multifamily property in the Marshall Heights submarket of Washington, D.C. Situated on a 0.45-acre parcel and zoned RA-3, the property offers a diverse unit mix, including 18 three-bedroom units, nine two-bedroom units, one one-bedroom unit, and one studio, totaling approximately 19,336 rentable square feet.

This offering presents a prime opportunity for investors to acquire a stabilized asset with 94 percent occupancy and a projected Year 1 cap rate of 6.88 percent. Each unit is individually metered for electricity, with tenants responsible for their utility costs, while the owner covers water expenses.

The property underwent a full renovation in 2022, featuring modernized interiors with new kitchen cabinets, updated flooring, and renovated bathrooms. Additional capital improvements include a new roof, new windows, new water heaters, baseboard heating, and newly installed solar panels, offering potential rebate benefits for the next owner. The property also includes income-generating washer and dryer units and a newly paved parking lot—a $35,000 investment—providing approximately 35 parking spaces.

Investors also have the opportunity to acquire 5105-5109 F Street SE, a fully renovated 24-unit multifamily property located just three blocks away. The acquisition of these affordable housing assets may qualify an owner for agency financing with favorable, below-market rate terms.

Strategically positioned in Marshall Heights, the property offers excellent connectivity to downtown Washington, D.C., Northern Virginia, and Prince George’s County, Maryland. It is just eight 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, income-producing asset in one of Washington, D.C.'s fastest-growing residential corridors.

Investment Highlights

  • A fully renovated 29-unit multifamily building totaling 19,336 rentable square feet
  • Diverse unit mix: 18 three-bedroom, nine two-bedroom, one one-bedroom, and one studio apartment
  • Recent capital improvements include a new roof, upgraded interiors, new water heaters, and newly installed solar panels
  • Additional opportunity to acquire a fully renovated 24-unit apartment building just three blocks away
  • Located in the rapidly developing Marshall Heights submarket, a neighborhood experiencing significant residential and commercial growth

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Multifamily

A Fully Renovated Twenty-Nine Unit Apartment

Listing Price: Request For Offer

Number of Units
29
Occupancy
97.0%
Gross SF
19,336

Investment Highlights

  • A fully renovated 29-unit multifamily building totaling 19,336 rentable square feet
  • Diverse unit mix: 18 three-bedroom, nine two-bedroom, one one-bedroom, and one studio apartment
  • Recent capital improvements include a new roof, upgraded interiors, new water heaters, and newly installed solar panels
  • Additional opportunity to acquire a fully renovated 24-unit apartment building just three blocks away
  • Located in the rapidly developing Marshall Heights submarket, a neighborhood experiencing significant residential and commercial growth

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of 5035 & 5047-5049 D Street SE, a fully renovated 29-unit multifamily property in the Marshall Heights submarket of Washington, D.C. Situated on a 0.45-acre parcel and zoned RA-3, the property offers a diverse unit mix, including 18 three-bedroom units, nine two-bedroom units, one one-bedroom unit, and one studio, totaling approximately 19,336 rentable square feet. This offering presents a prime opportunity for investors to acquire a stabilized asset with 94 percent occupancy and a projected Year 1 cap rate of 6.88 percent. Each unit is individually metered for electricity, with tenants responsible for their utility costs, while the owner covers water expenses. The property underwent a full renovation in 2022, featuring modernized interiors with new kitchen cabinets, updated flooring, and renovated bathrooms. Additional capital improvements include a new roof, new windows, new water heaters, baseboard heating, and newly installed solar panels, offering potential rebate benefits for the next owner. The property also includes income-generating washer and dryer units and a newly paved parking lot—a $35,000 investment—providing approximately 35 parking spaces. Investors also have the opportunity to acquire 5105-5109 F Street SE, a fully renovated 24-unit multifamily property located just three blocks away. The acquisition of these affordable housing assets may qualify an owner for agency financing with favorable, below-market rate terms. Strategically positioned in Marshall Heights, the property offers excellent connectivity to downtown Washington, D.C., Northern Virginia, and Prince George’s County, Maryland. It is just eight 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, income-producing asset in one of Washington, D.C.'s fastest-growing residential corridors.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

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