Multifamily

5 E Mason

Listing Price: Request For Offer

Number of Units
21
Gross SF
17,292

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 5 E Mason, a 21-unit, non-rent-controlled apartment building in the heart of Del Ray - adjacent to the future Virginia Tech Innovation Campus and Amazon HQ2. Originally built in 1963, this 4-story brick apartment building offers a buyer a range of investment opportunities in the short, medium, and long term in a high-growth and high-barrier-to-entry market. The property features (18) one-bedrooms and (3) two-bedrooms with the potential of adding an additional (3) units in the underutilized groud-level space. Situated a few blocks west of Del Ray’s main thoroughfare (Mount Vernon Avenue), the property offers residents a truly dynamic location within walking distance of retail, dining, and cultural amenities while also offering easy accessibility to neighboring employment centers and lifestyle amenities in places like Potomac Yard, National Landing (Amazon HQ2), Old Town Alexandria, The Wharf, National Mall, and more. Residents can easily access the George Washington Parkway, I-395, I-495, the Braddock Road Metro station, and Alexandria’s DASH bus line providing a reasonable commute throughout the D.C. MSA. 5 E Mason presents an investor with the opportunity to acquire a core-quality Northern Virginia asset with proven value-add potential. Ideally positioned in the Del Ray neighborhood of Alexandria, 5 E Mason is poised to capture the benefits of a booming rental market and Amazon HQ2 appreciation.

Investment Highlights

  • E Mason provides an investor with the rare opportunity to acquire a core-quality Northern Virginia asset with proven value-add potential, in the direct path of Amazon HQ2 growth.
  • As the submarket transforms immensely with the development of the rest of National Landing, investors may consider capturing value from this massive growth opportunity by repositioning the asset
  • New ownership will have the ability to increase rents to market rates as soon as each lease expires. The majority of the property's current leases are month-to-month.

Exclusively Listed By

  • Marty Zupancic

    First Vice President Investments

    (202) 536-3788

    Email Marty

    License(s): MD: 631902, VA: 0225 187032, DC: SP98368225

    Washington, D.C.

  • Nick Murray

    Associate

    Email Nick

    License(s): VA: 0225240410

    Washington, D.C.

Listing Price: Request For Offer

Number of Units
21
Gross SF
17,292

Investment Highlights

  • E Mason provides an investor with the rare opportunity to acquire a core-quality Northern Virginia asset with proven value-add potential, in the direct path of Amazon HQ2 growth.
  • As the submarket transforms immensely with the development of the rest of National Landing, investors may consider capturing value from this massive growth opportunity by repositioning the asset
  • New ownership will have the ability to increase rents to market rates as soon as each lease expires. The majority of the property's current leases are month-to-month.

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 5 E Mason, a 21-unit, non-rent-controlled apartment building in the heart of Del Ray - adjacent to the future Virginia Tech Innovation Campus and Amazon HQ2. Originally built in 1963, this 4-story brick apartment building offers a buyer a range of investment opportunities in the short, medium, and long term in a high-growth and high-barrier-to-entry market. The property features (18) one-bedrooms and (3) two-bedrooms with the potential of adding an additional (3) units in the underutilized groud-level space. Situated a few blocks west of Del Ray’s main thoroughfare (Mount Vernon Avenue), the property offers residents a truly dynamic location within walking distance of retail, dining, and cultural amenities while also offering easy accessibility to neighboring employment centers and lifestyle amenities in places like Potomac Yard, National Landing (Amazon HQ2), Old Town Alexandria, The Wharf, National Mall, and more. Residents can easily access the George Washington Parkway, I-395, I-495, the Braddock Road Metro station, and Alexandria’s DASH bus line providing a reasonable commute throughout the D.C. MSA. 5 E Mason presents an investor with the opportunity to acquire a core-quality Northern Virginia asset with proven value-add potential. Ideally positioned in the Del Ray neighborhood of Alexandria, 5 E Mason is poised to capture the benefits of a booming rental market and Amazon HQ2 appreciation.

Exclusively Listed By

  • Marty Zupancic

    First Vice President Investments

    (202) 536-3788

    Email Marty

    License(s): MD: 631902, VA: 0225 187032, DC: SP98368225

    Washington, D.C.

  • Nick Murray

    Associate

    Email Nick

    License(s): VA: 0225240410

    Washington, D.C.

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