Multifamily

101 50th Street SE & 4921 A Street SE

101 50th St SE, Washington, DC 20019

Listing Price: Request For Offer

Number of Units
16
Gross SF
13,520

Investment Overview

Marcus & Millichap is pleased to present the exclusive Offering Memorandum for 101 50th Street SE and 4921 A Street SE in Washington, D.C. The recently renovated, turn-key properties are centrally situated between Interstate 295 and Interstate 495 providing intra-city access to the area’s top employers. The apartments advantageous location in the Marshall 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

  • 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
  • 10.3 Miles from the MGM National Harbor
  • 16 Units: Mix of One and Two Bed Units
  • Easy access to Benning Road Metro Station, I-95, I-295, and I-495
  • Significant Cap-Ex Completed; Turn-Key Asset
  • Hardwood Floors, Tiled Bathrooms, Granite Countertops, Stainless Steel Appliances, Dishwashers, Central A/C, Ceiling Fans, Stackable Washers and Dryers, and Remodeled Bathrooms
  • Parking Convenience; Reserved Parking and Street Parking for Guests
  • Located 19 Minutes from the Ronald Reagan Washington National Airport

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.

Multifamily

101 50th Street SE & 4921 A Street SE

Listing Price: Request For Offer

Number of Units
16
Gross SF
13,520

Investment Highlights

  • 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
  • 10.3 Miles from the MGM National Harbor
  • 16 Units: Mix of One and Two Bed Units
  • Easy access to Benning Road Metro Station, I-95, I-295, and I-495
  • Significant Cap-Ex Completed; Turn-Key Asset
  • Hardwood Floors, Tiled Bathrooms, Granite Countertops, Stainless Steel Appliances, Dishwashers, Central A/C, Ceiling Fans, Stackable Washers and Dryers, and Remodeled Bathrooms
  • Parking Convenience; Reserved Parking and Street Parking for Guests
  • Located 19 Minutes from the Ronald Reagan Washington National Airport

Investment Overview

Marcus & Millichap is pleased to present the exclusive Offering Memorandum for 101 50th Street SE and 4921 A Street SE in Washington, D.C. The recently renovated, turn-key properties are centrally situated between Interstate 295 and Interstate 495 providing intra-city access to the area’s top employers. The apartments advantageous location in the Marshall 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.

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