Multifamily

3218-3222 8th Street SE

3218 8th St SE, Washington, DC 20032

Listing Price: Request For Offer

Number of Units
24
Gross SF
14,880

Investment Overview

The Marcus & Millichap Mid-Atlantic Multifamily Advisory Group is pleased to present the exclusive Offering Memorandum for 3218-3222 8th Street SE in the Congress Heights neighborhood of Washington, D.C. The recently renovated, turn-key property is situated 0.5 miles from Interstate 295 and Interstate 495 providing intra-city access to the area’s top employers. The apartments advantageous location in the Congress Heights submarket positions current and potential residents’ access to a network of evolving recreation, business associations, retail amenities, and communities’ culture. The continued development of neighborhoods increased the submarket’s rent-by-necessity population thus providing low vacancy. Additionally, average rents for the submarket are among the cheapest in the Washington metro. When completed in 2021, the Anacostia River crossing bridge will increase connectivity to the city and spur development in the area.

Investment Highlights

  • 24 Units: Mix of One and Two Bed Units
  • Easy access to Congress Heights Metro Station, I-95, I-295, and I-495
  • Hardwood Floors, Tiled Bathrooms, Granite Countertops, Stainless Steel Appliances, Central A/C, Stackable Washers and Dryers, and Remodeled Bathrooms
  • Parking Convenience; Assigned and Monitored Off Street Parking Available as well as Street Parking for Guests
  • Close Proximity to the Saint Elizabeth Redevelopment; 50,000 SF Retail, 125-Room Hotel, 252 Multifamily Units, Entertainment & Sports Arena, and 136-Bed Hospital Creating 2,500+ Jobs and 1,000+ Construction Jobs
  • 10 Minutes from the MGM National Harbor

Exclusively Listed By

  • Stacey Milam

    Senior Vice President Investments

    (202) 536-3705

    Email Stacey

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

    Washington, D.C.

  • Lynnci Barnes

    Associate

    Email Lynnci

    License(s): DC: SP98377939

    Washington, D.C.

  • Daniel Danesh

    Associate

    Email Daniel

    License(s): MD: 678302, DC: SP200203217

    Washington, D.C.

Broker of Record

  • Bryn Merrey

    Senior Managing Director Investments

    License(s): DC: PB98372978

    District of Columbia

Multifamily

3218-3222 8th Street SE

Listing Price: Request For Offer

Number of Units
24
Gross SF
14,880

Investment Highlights

  • 24 Units: Mix of One and Two Bed Units
  • Easy access to Congress Heights Metro Station, I-95, I-295, and I-495
  • Hardwood Floors, Tiled Bathrooms, Granite Countertops, Stainless Steel Appliances, Central A/C, Stackable Washers and Dryers, and Remodeled Bathrooms
  • Parking Convenience; Assigned and Monitored Off Street Parking Available as well as Street Parking for Guests
  • Close Proximity to the Saint Elizabeth Redevelopment; 50,000 SF Retail, 125-Room Hotel, 252 Multifamily Units, Entertainment & Sports Arena, and 136-Bed Hospital Creating 2,500+ Jobs and 1,000+ Construction Jobs
  • 10 Minutes from the MGM National Harbor

Investment Overview

The Marcus & Millichap Mid-Atlantic Multifamily Advisory Group is pleased to present the exclusive Offering Memorandum for 3218-3222 8th Street SE in the Congress Heights neighborhood of Washington, D.C. The recently renovated, turn-key property is situated 0.5 miles from Interstate 295 and Interstate 495 providing intra-city access to the area’s top employers. The apartments advantageous location in the Congress Heights submarket positions current and potential residents’ access to a network of evolving recreation, business associations, retail amenities, and communities’ culture. The continued development of neighborhoods increased the submarket’s rent-by-necessity population thus providing low vacancy. Additionally, average rents for the submarket are among the cheapest in the Washington metro. When completed in 2021, the Anacostia River crossing bridge will increase connectivity to the city and spur development in the area.

Exclusively Listed By

  • Stacey Milam

    Senior Vice President Investments

    (202) 536-3705

    Email Stacey

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

    Washington, D.C.

  • Lynnci Barnes

    Associate

    Email Lynnci

    License(s): DC: SP98377939

    Washington, D.C.

  • Daniel Danesh

    Associate

    Email Daniel

    License(s): MD: 678302, DC: SP200203217

    Washington, D.C.

Broker of Record

  • Bryn Merrey

    Senior Managing Director Investments

    License(s): DC: PB98372978

    District of Columbia

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