Multifamily
37 Unit Apartment - Van Ness Neighborhood
4107 Connecticut Ave NW, Washington, DC 20008
Listing Price: $4,475,000
Investment Overview
Marcus & Millichap is pleased to exclusively present 4107 Connecticut Avenue NW, a 37-unit multifamily building located in The Van Ness Neighborhood of Washington, D.C. Situated on a 0.18-acre parcel and zoned RA-4, the property features an attractive mix of 21 studio units, 7 one-bedroom units, and 9 two-bedroom units, totaling approximately 14,400 rentable square feet.
This asset presents a unique opportunity for investors to acquire a stabilized property with 97% current occupancy and a projected Year 1 cap rate of 6.90%. There is an additional value-add opportunity with optimizing rental rates and operating expenses to align with competitive market rents, and lowering operating expenses which will enhance the property’s net operating income. The building's amenities include a nine-passenger elevator, a centrally heated and air-conditioned system with fan coil units in each apartment, and a shared laundry facility on the lower level. Recent upgrades include a new 300 gallon water tank, a new roof, new laundry no maintenance laundry units, unit updates, and common area renovations.
4107 Connecticut Avenue NW is strategically located one block from the Van Ness-UDC Metro Station (Red Line), offering unparalleled accessibility to the Washington, D.C. metro area. The property is also across the street from The University of The District of Columbia and one block from The Howard University School of Law as well as strips of vibrant retail along Connecticut Avenue NW.
With a median household income exceeding $124,000 and a vacancy rate of just 3%, the Van Ness submarket represents one of D.C.’s most desirable rental markets. The property’s central location, strong occupancy, and value-add potential position this asset as a compelling investment opportunity in a thriving submarket
Investment Highlights
- A 37-Unit, Four-Story Multi-Family Building Totaling 25,868 Square Feet
- An Attractive Unit Mix of 21 Efficiency, 7 One Bedroom, and 9 Two Bedroom Units
- Recent Upgrades Including a High Efficiency Boiler, a new Water Heater, a new Roofer, and a Nine Passenger Elevator
- Centrally Heated and Air Conditioned with Fan Coil Units in Each Apartment
- Situated Across the Street from Washington Metro Red Line via Van Ness-UDC Metro Station and The University of The District of Columbia
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
Listing Price: $4,475,000
Investment Highlights
- A 37-Unit, Four-Story Multi-Family Building Totaling 25,868 Square Feet
- An Attractive Unit Mix of 21 Efficiency, 7 One Bedroom, and 9 Two Bedroom Units
- Recent Upgrades Including a High Efficiency Boiler, a new Water Heater, a new Roofer, and a Nine Passenger Elevator
- Centrally Heated and Air Conditioned with Fan Coil Units in Each Apartment
- Situated Across the Street from Washington Metro Red Line via Van Ness-UDC Metro Station and The University of The District of Columbia
Investment Overview
Marcus & Millichap is pleased to exclusively present 4107 Connecticut Avenue NW, a 37-unit multifamily building located in The Van Ness Neighborhood of Washington, D.C. Situated on a 0.18-acre parcel and zoned RA-4, the property features an attractive mix of 21 studio units, 7 one-bedroom units, and 9 two-bedroom units, totaling approximately 14,400 rentable square feet. This asset presents a unique opportunity for investors to acquire a stabilized property with 97% current occupancy and a projected Year 1 cap rate of 6.90%. There is an additional value-add opportunity with optimizing rental rates and operating expenses to align with competitive market rents, and lowering operating expenses which will enhance the property’s net operating income. The building's amenities include a nine-passenger elevator, a centrally heated and air-conditioned system with fan coil units in each apartment, and a shared laundry facility on the lower level. Recent upgrades include a new 300 gallon water tank, a new roof, new laundry no maintenance laundry units, unit updates, and common area renovations. 4107 Connecticut Avenue NW is strategically located one block from the Van Ness-UDC Metro Station (Red Line), offering unparalleled accessibility to the Washington, D.C. metro area. The property is also across the street from The University of The District of Columbia and one block from The Howard University School of Law as well as strips of vibrant retail along Connecticut Avenue NW. With a median household income exceeding $124,000 and a vacancy rate of just 3%, the Van Ness submarket represents one of D.C.’s most desirable rental markets. The property’s central location, strong occupancy, and value-add potential position this asset as a compelling investment opportunity in a thriving submarket
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By

