Investment Overview

Marcus & Millichap is pleased to present for sale the multi-family property located at 245-249 8th St NE in Washington, D.C. This property features 11 one-bedroom, one-bath units and two efficiency units, with each one-bedroom unit equipped with its own washer and dryer for enhanced tenant convenience. Exempt from rent control regulations, the property offers flexibility in rental pricing, allowing owners to optimize income potential. Located within walking distance of the vibrant H Street Corridor, Union Station, and Eastern Market, this property provides residents with easy access to premier shopping, dining, and transit options. Capitol Hill, at the heart of Washington, D.C., seamlessly blends government institutions, residential neighborhoods, and thriving commercial districts. Home to landmarks like the U.S. Capitol, Supreme Court, and Library of Congress, the area attracts professionals in government, law, and advocacy. High tenant demand and stable occupancy rates are driven by its desirable location, tenant demographics, and limited housing supply due to strict zoning laws and historic preservation efforts. These factors enable property owners to maintain premium rental rates with minimal vacancy risk. Capitol Hill’s walkability, historic architecture, and cultural vibrancy make it one of the city’s most sought-after neighborhoods. Eastern Market, a historic and lively hub, anchors the area with fresh produce, artisan goods, specialty foods, and a popular weekend flea market that draws visitors citywide. Nearby, Barracks Row on 8th Street SE features a dynamic culinary scene with diverse dining options, boutique shops, cafes, and local businesses that add to the neighborhood’s charm. The H Street Corridor offers a vibrant mix of trendy bars, eclectic dining, music venues, and retail shops, attracting a younger, professional demographic and serving as a nightlife and entertainment destination. Union Station, one of the city’s busiest transportation hubs, further enhances the area’s accessibility. With connections to Metro lines, Amtrak, and commuter trains, Union Station also houses a variety of retail stores, dining options, and services, making it a gateway to Capitol Hill. The neighborhood’s strong transit connectivity, green spaces, and vibrant community atmosphere foster tenant retention, ensuring steady income and long-term investment stability for property owners.