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Multifamily

3601 14th Street Apartments

3601 14th St NW, Washington, DC 20010

Listing Price: $3,100,000

Cap Rate
6.05%
Number of Units
10
GRM
9.67
Occupancy
97.0%
Price/Unit
$310,000
Price/Gross SF
$409.51
Gross SF
7,570

Investment Overview

Marcus & Millichap is pleased to present the multifamily property located at 3601 14th Street Apartments in Washington, D.C. Built in 2022, the property features ten spacious two-bedroom, two-bath units, with nine units rented to voucher tenants and one at market rate, providing a strong and diversified rent roll. Visually, the asset showcases modern construction with premium amenities and condo-quality design throughout. High-end finishes include a durable thermoplastic roof, expansive Pella windows that enhance natural light, and new, efficient HVAC systems in every unit. From an investor’s perspective, the property is fully leased, ensuring consistent and reliable income from day one.

Its location within five blocks of both the Georgia Avenue/Petworth Metro and Columbia Heights Metro stations offers exceptional transit access, supporting durable tenant demand and long-term occupancy. As a fully stabilized asset with immediate cash flow, this opportunity also positions an owner for meaningful equity appreciation over time. With immediate cash flow and durable tenant demand, the multifamily asset stands out as a turnkey investment in a high-performing D.C. corridor.

Investment Highlights

  • Modern Construction with Premium Features: Built in 2022, the property showcases high-end finishes, including a TPO roof, a rooftop deck, Pella windows, and high-efficiency HVAC systems in all units.
  • Luxury Living Spaces: Each of the ten spacious two-bedroom, two-bath units is designed with condo-quality finishes, offering a blend of elegance and comfort.
  • Strong Tenant Base: Fully leased, with nine units rented to Voucher tenants and one at market rate, ensuring consistent and reliable income
  • Prime Transit-Oriented Location: Conveniently situated within five blocks of both the Georgia Avenue/Petworth Metro and Columbia Heights Metro stations, providing excellent accessibility for tenants.
  • Turnkey Investment Opportunity: A fully stabilized asset with immediate cash flow and significant potential for long-term equity appreciation.

Exclusively Listed By

  • Stacey Milam

    Senior Managing Director Investments

    (202) 536-3705

    Email Stacey

    License(s): MD: 526147, DC: SP101423, VA: 0225 077593

    Washington, D.C.

  • Selena Alexander

    Associate Investments

    (202) 536-3714

    Email Selena

    License(s): DC: SP40001881

    Washington, D.C.

Broker of Record

  • Brian Hosey

    Senior Managing Director, Market Leader- Mid-Atlantic

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Multifamily

3601 14th Street Apartments

Listing Price: $3,100,000

Cap Rate
6.05%
Number of Units
10
GRM
9.67
Occupancy
97.0%
Price/Unit
$310,000
Price/Gross SF
$409.51
Gross SF
7,570

Investment Highlights

  • Modern Construction with Premium Features: Built in 2022, the property showcases high-end finishes, including a TPO roof, a rooftop deck, Pella windows, and high-efficiency HVAC systems in all units.
  • Luxury Living Spaces: Each of the ten spacious two-bedroom, two-bath units is designed with condo-quality finishes, offering a blend of elegance and comfort.
  • Strong Tenant Base: Fully leased, with nine units rented to Voucher tenants and one at market rate, ensuring consistent and reliable income
  • Prime Transit-Oriented Location: Conveniently situated within five blocks of both the Georgia Avenue/Petworth Metro and Columbia Heights Metro stations, providing excellent accessibility for tenants.
  • Turnkey Investment Opportunity: A fully stabilized asset with immediate cash flow and significant potential for long-term equity appreciation.

Investment Overview

Marcus & Millichap is pleased to present the multifamily property located at 3601 14th Street Apartments in Washington, D.C. Built in 2022, the property features ten spacious two-bedroom, two-bath units, with nine units rented to voucher tenants and one at market rate, providing a strong and diversified rent roll. Visually, the asset showcases modern construction with premium amenities and condo-quality design throughout. High-end finishes include a durable thermoplastic roof, expansive Pella windows that enhance natural light, and new, efficient HVAC systems in every unit. From an investor’s perspective, the property is fully leased, ensuring consistent and reliable income from day one. Its location within five blocks of both the Georgia Avenue/Petworth Metro and Columbia Heights Metro stations offers exceptional transit access, supporting durable tenant demand and long-term occupancy. As a fully stabilized asset with immediate cash flow, this opportunity also positions an owner for meaningful equity appreciation over time. With immediate cash flow and durable tenant demand, the multifamily asset stands out as a turnkey investment in a high-performing D.C. corridor.

Exclusively Listed By

  • Stacey Milam

    Senior Managing Director Investments

    (202) 536-3705

    Email Stacey

    License(s): MD: 526147, DC: SP101423, VA: 0225 077593

    Washington, D.C.

  • Selena Alexander

    Associate Investments

    (202) 536-3714

    Email Selena

    License(s): DC: SP40001881

    Washington, D.C.

Broker of Record

  • Brian Hosey

    Senior Managing Director, Market Leader- Mid-Atlantic

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

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