Multifamily
6145-6149 Kansas Avenue NE
6145 Kansas Ave NE, Washington, DC 20011
Listing Price: Request For Offer
Investment Overview
THE OPPORTUNITY
Marcus & Millichap, as the exclusive listing agent approved by the United States Bankruptcy Court for the District of Columbia, is pleased to present the exclusive offering of 6145-6149 Kansas Avenue NE, a 12-unit multifamily asset located in the Lamond Riggs neighborhood of Northeast DC. The sale is subject to a Chapter 11 Bankruptcy process, offering investors a rare opportunity to acquire a property free from the Tenant Opportunity to Purchase Act (TOPA) process due to the property's bankruptcy status. This exemption is granted under §42-3404.02 of DC code.
THE ASSET
6145-6149 Kansas Avenue NE is a 9,500-square-foot multi-family asset configured as three contiguous four-unit properties. The asset consists of large 700 SF one-bedroom units with some of the units having the potential to be converted into two-bedroom units. With nine vacant units, the property offers an opportunity for immediate value-add through unit renovations to increase potential rental revenue. With a vacancy rate of 75%, an investor also has the flexibility to renovate and reposition the asset as they see fit. At full stabilization with market rents, the property has the potential to generate $229,383 in gross rental revenue as an investor can capture rent growth and market demand as the area continues to develop.
THE LOCATION
The property is located in Lamond Riggs, also known as Riggs Park, an urban neighborhood in Northeast DC near the Maryland border. Residents enjoy easy access to the Fort Totten Metro station, which serves the Green and Red Lines, connecting the area to DC, Maryland, and Virginia. The neighborhood is commuter-friendly, with major government employers a short 5-mile drive away and retail and employment hubs in Prince George’s County nearby. The area features many nearby modern developments, such as EYA's walkable housing projects, the Riggs Crossing Senior Residences, a 93-unit affordable senior complex opening in 2025, and the over $1 billion development at Parks at Walter Reed only two miles away. The nearby Catholic University of America also drives consistent housing demand from its students, faculty, and staff, making the area ideal for multifamily real estate investment. Retail and entertainment amenities have expanded with the opening of Aldi’s largest DC location in December 2024 as part of the Art Place development.
Investment Highlights
- High vacancy rate of 75%
- Not subject to TOPA
- Chapter 11 bankruptcy sale
- Located near significant development
- Value-add opportunity
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
Investment Highlights
- High vacancy rate of 75%
- Not subject to TOPA
- Chapter 11 bankruptcy sale
- Located near significant development
- Value-add opportunity
Investment Overview
THE OPPORTUNITY Marcus & Millichap, as the exclusive listing agent approved by the United States Bankruptcy Court for the District of Columbia, is pleased to present the exclusive offering of 6145-6149 Kansas Avenue NE, a 12-unit multifamily asset located in the Lamond Riggs neighborhood of Northeast DC. The sale is subject to a Chapter 11 Bankruptcy process, offering investors a rare opportunity to acquire a property free from the Tenant Opportunity to Purchase Act (TOPA) process due to the property's bankruptcy status. This exemption is granted under §42-3404.02 of DC code. THE ASSET 6145-6149 Kansas Avenue NE is a 9,500-square-foot multi-family asset configured as three contiguous four-unit properties. The asset consists of large 700 SF one-bedroom units with some of the units having the potential to be converted into two-bedroom units. With nine vacant units, the property offers an opportunity for immediate value-add through unit renovations to increase potential rental revenue. With a vacancy rate of 75%, an investor also has the flexibility to renovate and reposition the asset as they see fit. At full stabilization with market rents, the property has the potential to generate $229,383 in gross rental revenue as an investor can capture rent growth and market demand as the area continues to develop. THE LOCATION The property is located in Lamond Riggs, also known as Riggs Park, an urban neighborhood in Northeast DC near the Maryland border. Residents enjoy easy access to the Fort Totten Metro station, which serves the Green and Red Lines, connecting the area to DC, Maryland, and Virginia. The neighborhood is commuter-friendly, with major government employers a short 5-mile drive away and retail and employment hubs in Prince George’s County nearby. The area features many nearby modern developments, such as EYA's walkable housing projects, the Riggs Crossing Senior Residences, a 93-unit affordable senior complex opening in 2025, and the over $1 billion development at Parks at Walter Reed only two miles away. The nearby Catholic University of America also drives consistent housing demand from its students, faculty, and staff, making the area ideal for multifamily real estate investment. Retail and entertainment amenities have expanded with the opening of Aldi’s largest DC location in December 2024 as part of the Art Place development.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By

