Investment Overview

Marcus & Millichap is pleased to exclusively present 1300 Congress Street Apartments, a 14- unit multifamily investment opportunity located at 1300 Congress Street SE, Washington, DC 20032. The property is situated on a 0.16-acre parcel in Southeast Washington, D.C., within an established residential corridor that continues to attract investor interest due to affordability, improving fundamentals, and proximity to major employment centers. Originally constructed in 1954 and substantially renovated, in 2011, the asset consists of an efficient unit mix primarily comprised of 2-bedroom / 1-bathroom apartments, complemented by 1-bedroom and 3-bedroom units, providing flexibility in catering to a broad tenant base. With an average unit size of approximately 667 square feet and a current occupancy of 72%, the property demonstrates in-place income with a clear path to stabilization and value enhancement. This opportunity is well-suited for both local investors and 1031 exchange buyers seeking durable yield with growth potential in a supply-constrained urban market. This offering delivers strong in-place and projected returns, supported by a projected Year 1 CAP Rate of 8.87% and a Year 1 NOI of $155,287. Current rents remain below market levels, presenting a clear value-add opportunity through lease-up of vacant units and gradual rent optimization, while maintaining affordability for the submarket. Located near Alabama Avenue SE, I-295, and multiple Metrobus routes, the property offers convenient access to Downtown Washington, D.C., Joint Base Anacostia-Bolling, and Prince George’s County. Nearby retail, schools, and neighborhood services further enhance tenant demand and long-term rental stability. 1300 Congress Street Apartments represents a compelling opportunity to acquire a well-located, small-scale multifamily asset with attractive yield, operational upside, and long-term appreciation potential in one of Southeast D.C's steadily evolving residential neighborhoods.