Multifamily
10 49th Street SE
10 49th St SE, Washington, DC 20019
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present 10 49th Street SE, a lender-owned 15-unit multifamily asset located in the Marshall Heights neighborhood of Washington, DC. The offering presents an opportunity to acquire a highly occupied asset with a uniform unit mix of two-bedroom flats well-aligned with submarket renter demand. With tenants responsible for all utilities except water and sewer, 12 off-street parking spaces, and an extremely convenient location steps from the Benning Road Metro and direct access to retail within walking distance, 10 49th Street SE offers a compelling combination of upside through operational efficiency, low expense exposure, and long-term appreciation potential driven by accelerating public and private investment in the surrounding corridor.
Investment Highlights
- Walking distance to Metro
- Stable workforce housing fundamentals
- Optimal unit mix for submarket demand
- Low operating expense profile
- 12 off-street parking spaces
- Accessible residential location with nearby retail corridors
- Proximity to Fletcher-Johnson redevelopment
- East-of-the-River investment momentum
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director, Market Leader- Mid-Atlantic
Investment Highlights
- Walking distance to Metro
- Stable workforce housing fundamentals
- Optimal unit mix for submarket demand
- Low operating expense profile
- 12 off-street parking spaces
- Accessible residential location with nearby retail corridors
- Proximity to Fletcher-Johnson redevelopment
- East-of-the-River investment momentum
Investment Overview
Marcus & Millichap is pleased to present 10 49th Street SE, a lender-owned 15-unit multifamily asset located in the Marshall Heights neighborhood of Washington, DC. The offering presents an opportunity to acquire a highly occupied asset with a uniform unit mix of two-bedroom flats well-aligned with submarket renter demand. With tenants responsible for all utilities except water and sewer, 12 off-street parking spaces, and an extremely convenient location steps from the Benning Road Metro and direct access to retail within walking distance, 10 49th Street SE offers a compelling combination of upside through operational efficiency, low expense exposure, and long-term appreciation potential driven by accelerating public and private investment in the surrounding corridor.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director, Market Leader- Mid-Atlantic