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 829 Rock Creek Church Road NW, a six unit multifamily asset located in the Petworth neighborhood of NW 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 829 Rock Creek Church Road NW is a 6-unit multifamily building consisting of five (5) one-bedroom units, each estimated to be 650 square feet, and one (1) 500-square-foot studio. Built in 1950, the property spans 4,284 total square feet on a 2,450 square foot lot zoned RF-1. The one-bedroom units generate an average in-place rent of $1,156 per month, while the studio achieves $1,170 monthly, presenting a steady income potential with room to increase rents consistently in accordance with DC rent control . The building’s classic mid-century design is complemented by its efficient use of space and potential for value-add opportunities. New ownership can capitalize on the property’s desirable unit mix and central location to attract tenants at market rates, enhancing long-term income potential. The Location Strategically positioned at the corner of New Hampshire Ave NW and Georgia Ave NW, 829 Rock Creek Church Road NW enjoys a prime location in the bustling Petworth neighborhood. Residents benefit from a plethora of nearby restaurants and retail options, contributing to the vibrant atmosphere of the area. Furthermore, the property's proximity to the Georgia Ave-Petworth Metro Station, located directly across the street, ensures tenants' convenient access to public transportation. With a Walk Score of 94, Transit Score of 78, and Bike Score of 92, the neighborhood offers unparalleled convenience and accessibility, enhancing the appeal of the asset as a desirable living destination.