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Multifamily

1311 Rhode Island Avenue NW

1311 Rhode Island Ave NW, Washington, DC 20005

Listing Price: $2,290,000

Cap Rate
5.21%
Number of Units
6
GRM
14.22
Occupancy
96.0%
Price/Unit
$381,667
Price/Gross SF
$529.60
Gross SF
4,324

Investment Overview

Marcus & Millichap is pleased to present the exclusive marketing positioning and pricing analysis for 1311 Rhode Island Ave NW, Washington D.C. 20005. This original 1895 built four-level apartment building embodies the mid-19th century victorian gothic style of architecture. This building style of architectural represents a significant period method of construction of high artist value, whose six renovated units possess individualist distinction, covering approximately 4,324 square feet of building living area.

HISTORY

The Logan Circle Historic District submarket is centrally located in Northwest Washington DC within the boundaries of the original city of Washington, as designed by Pierre Charles L'Enfant in 1790-1791. It's combined with an extensive array of amenities and steadier fundamentals for the city's growing population. The Logan Circle submarket makeup is residential and commercial and survives as the only planned circle in Washington, DC. and retains its original victorian architecture and its transportation routes which extends north from Thomas Circle to the south of S Street.

Logan Circle is at the center of DC's renaissance. The commercial vitality centered along 14th & U Street corridors where young professionals come to experience some of the best mix of high-end dining, retail, residential, entertainment, and cultural offering in DC.

Source: United State Department of the Interior National Park Services and Washington DC Economic Partnership (Neighborhood Profile 2019 Edition)



Investment Highlights

  • Logan Circle Submarket: Low Vacancy Rates
  • 100% Rent Collections Throughout Pandemic
  • Value-Add/ Building Plans: Condo Conversion
  • Separately Metered
  • Central Business District
  • Wholes Food & Trader Joe's
  • Central Business District

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Financing By

Listing Price: $2,290,000

Cap Rate
5.21%
Number of Units
6
GRM
14.22
Occupancy
96.0%
Price/Unit
$381,667
Price/Gross SF
$529.60
Gross SF
4,324

Investment Highlights

  • Logan Circle Submarket: Low Vacancy Rates
  • 100% Rent Collections Throughout Pandemic
  • Value-Add/ Building Plans: Condo Conversion
  • Separately Metered
  • Central Business District
  • Wholes Food & Trader Joe's
  • Central Business District

Investment Overview

Marcus & Millichap is pleased to present the exclusive marketing positioning and pricing analysis for 1311 Rhode Island Ave NW, Washington D.C. 20005. This original 1895 built four-level apartment building embodies the mid-19th century victorian gothic style of architecture. This building style of architectural represents a significant period method of construction of high artist value, whose six renovated units possess individualist distinction, covering approximately 4,324 square feet of building living area.

HISTORY

The Logan Circle Historic District submarket is centrally located in Northwest Washington DC within the boundaries of the original city of Washington, as designed by Pierre Charles L'Enfant in 1790-1791. It's combined with an extensive array of amenities and steadier fundamentals for the city's growing population. The Logan Circle submarket makeup is residential and commercial and survives as the only planned circle in Washington, DC. and retains its original victorian architecture and its transportation routes which extends north from Thomas Circle to the south of S Street.

Logan Circle is at the center of DC's renaissance. The commercial vitality centered along 14th & U Street corridors where young professionals come to experience some of the best mix of high-end dining, retail, residential, entertainment, and cultural offering in DC.

Source: United State Department of the Interior National Park Services and Washington DC Economic Partnership (Neighborhood Profile 2019 Edition)



Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

Financing By

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