Investment Overview

Offering Overview Marcus & Millichap is pleased to present the opportunity to acquire 1010 17th Street NE, a 15-unit multifamily asset located in Carver Langston. The property is being offered through a foreclosure auction; therefore, it is not subject to DC’s Tenant Opportunity to Purchase Act (TOPA). 1010 17th Street NE will be auctioned in person by Alex Cooper Auctioneers at 11:00am (EST) on Thursday, April 3rd, at 4910 Massachusetts Avenue NW Suite 100 in Washington, DC. The auction will provide investors with the unique opportunity to bid on a TOPA-free, multifamily apartment building, located in a transforming neighborhood. The property is within easy walking distance of the NoMa-Gallaudet Metro station and is close to key DC landmarks, including Union Market, RFK Stadium, and the H Street Corridor. The Asset 1010 17th Street NE is a 15-unit, 13,526 gross square foot multifamily asset situated on a 4,356 square foot lot, zoned RA-2, in the heart of Carver Langston, NE Washington, DC. The building was recently constructed in 2024, and was originally built as luxury condos. The property features a diverse unit mix across five stories with seven (7) one-bedroom units, five (5) two-bedroom units, and three (3) three-bedroom units. In addition to the diverse unit mix, 1010 17th Street NE also has gated parking which is rare for buildings in the area and a desirable amenity for tenants in a neighborhood with limited on and off-street parking. The asset features luxury condo finishes with stainless steel appliances, in-unit washers and dryers, and floor-to-ceiling windows. The Investment Opportunity 1010 17th Street NE presents a unique investment opportunity in an evolving neighborhood. The property is newly built, has luxury condo finishes, and is exempt from TOPA due to the foreclosure auction sale process. This combination of factors makes 1010 17th Street a compelling investment opportunity. With the ongoing revitalization of the surrounding neighborhood, notably the future RFK Stadium redevelopment, proximity to the H Street Commercial Corridor, and the area’s improving infrastructure, 1010 17th Street NE presents an investment with potential for immediate stability and long-term appreciation.