Investment Overview

Marcus & Millichap is pleased to offer for sale the 25th Street Apartments located at 2328 and 2330 25th Street SE in Washington, D.C. Consisting of two, four-unit buildings in the Randle Heights neighborhood of Washington, D.C., the properties contain all two-bedroom and one-bathroom units. Constructed in 1941, the stabilized asset is situated on a 0.28-acre lot surrounded by new developments. The buildings outperform average market rents and generate over $12,500 per month in gross revenue. Centrally located, the property is under four miles from Join Base Anacostia-Bolling, Safeway, McDonalds, Starbucks, and CVS Pharmacy. Additionally, 25th Street Apartments is near Navy Yard, Nationals Park, and Audi Field. With the National Mall and Memorial Parks just under five miles from the property, residents have easy access to visit Capitol Hill, Smithsonian Museums, the Lincoln Memorial, and the White House. This investment offers investors the opportunity to acquire well-maintained assets in a developing neighborhood in Southeast D.C. Situated on the banks of the Potomac River, Washington, D.C. is the capital city of the United States and the largest city in the metro with a population over 715,000 residents. The metro primarily consists of several institutions in areas of government and healthcare, while blending political significance, cultural richness, and educational excellence. The District of Columbia is surrounded by 22 counties and jurisdictions that cross over the borders of Maryland and Virginia, positioned near several major cities. D.C. is also the headquarters for many of the nation’s leading media outlets, think tanks, and institutions of higher education. The most prominent of these academic foundations consist of George Washington University, American University, Georgetown University, Howard University, and the University of Maryland. As the capital of the United States, Washington, DC, is home to numerous federal government agencies, including the White House, Congress, and various departments and bureaus. The government sector is a major employer and primary economic driver in the region. Several prominent companies and institutions contribute to D.C.’s diverse economy and include many Fortune 500 companies. For instance, Fannie Mae, Capital One Financial, Danaher and Lockheed Martin represent key players in the finance and defense sectors. Additionally, Amazon opened Phase I of HQ2 in June 2023 with a capacity for 14,000 employees and Phase 2 to be announced. Facilitating air travel to the region, the Ronald Reagan Washington National Airport in Arlington, Virginia and the Dulles International Airport in Dulles, Virginia combined for 50.6 million passengers in 2023.