Investment Overview

Offering Overview As the exclusive listing broker, Marcus & Millichap is pleased to present Tivoli Place, a 16-unit multifamily property located in the heart of Columbia Heights. The asset is within walking distance of major corridors such as 11th Street Restaurant District, 14th Street, and Georgia Avenue, offering residents easy access to the area's vibrant dining, shopping, and entertainment options. This property seamlessly blends historic character with modern upgrades, providing a unique living experience that appeals to a wide range of tenants. TOPA has been cleared, enabling a quick closing and making it an ideal opportunity for 1031 buyers. The Asset Tivoli Place consists of 16 multifamily units. The unit mix includes one studio, seven one-bedrooms, and eight two-bedrooms, with an average unit size of 786 square feet and an average in-place rent of $1,928 per unit. The property totals 13,852 gross square feet on a 6,578 square foot lot zoned RF-1. The apartments combine historic charm with modern interior upgrades such as granite countertops, stainless steel appliances, hardwood floors, tile backsplashes, recessed lighting, and high ceilings. Residents also benefit from on-site laundry facilities. Multiple units include a screened-in side porch. With in-place rents currently 23% below market comparables and a history of 100% occupancy, new ownership has the opportunity to comfortably increase rents by 4.9% in accordance with DC rent control regulations. This potential for rent growth further enhances the property's value and income-generating potential. The Location Strategically located at the heart of Columbia Heights, Tivoli Place benefits from its proximity to 11th Street Restaurant District, 14th Street, and Georgia Avenue, offering residents easy access to a vibrant scene of retail, restaurants, and bars. Just a five-minute walk from the Columbia Heights Metro Station, which serves the Green Line, Tivoli Place provides convenient public transportation options. With a Walk Score of 95, a Transit Score of 78, and a Bike Score of 91, the property ensures that daily errands and commuting are effortless, making Tivoli Place a highly appealing living destination.