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Multifamily

The Barbara of Capitol Hill

821 Maryland Ave NE, Washington, DC 20002

Listing Price: $8,000,000

Cap Rate
4.82%
Number of Units
24
GRM
14.36
Occupancy
88.9%
Price/Unit
$333,333
Price/Gross SF
$578.62
Gross SF
13,826

Investment Overview

Marcus & Millichap is pleased to present the exclusive offering of "The Barbara of Capitol Hill" located at 821 Maryland Avenue Northeast in Washington, District of Columbia. The Barbara of Capitol Hill is a three-story apartment building consisting of 24-units. The property contains 13,826 square feet of livable space with a shared laundry facility, an outdoor garden, and ample street parking. The unit mix consists of 17 one-bedroom units and seven two-bedroom units.
Situated in the Capitol Hill neighborhood of Washington, D.C., this property sits along Maryland Avenue NE and 9th Street NE, roughly three blocks east of Stanton Park. The building is situated in close proximity to the U.S. Capitol Building to the southwest as well as the booming H-Street Corridor to the north. Two Metro stations sit within one mile of the property, these include Eastern Market Station to the south and Union Station to the west
Capitol Hill is the largest historic residential neighborhood in Washington, D.C., stretching east in front of the United States Capitol along wide avenues. It is home to 35,000 people in just under a two-mile radius, which makes it one of the most densely populated neighborhoods in the District. The Capitol building has been the home of the United States Congress and the workplace of many residents of the Capitol Hill neighborhood since 1800, recent estimates suggesting as many as a third of all Members of Congress live on Capitol Hill when Congress is in session in the District.

Investment Highlights

  • 24 Well Maintained Units in Capitol Hill Proper
  • Favorable Unit-Mix of (17) One-Bedrooms and (7) Two-Bedrooms
  • Strong Collections on Occupied Units
  • Substantial AirBnB Income on "Vacant" Units
  • Walking Distance to Two Metro Stations
  • Walking Distance to Eastern Market and U.S. Capitol

Exclusively Listed By

Multifamily

The Barbara of Capitol Hill

Listing Price: $8,000,000

Cap Rate
4.82%
Number of Units
24
GRM
14.36
Occupancy
88.9%
Price/Unit
$333,333
Price/Gross SF
$578.62
Gross SF
13,826

Investment Highlights

  • 24 Well Maintained Units in Capitol Hill Proper
  • Favorable Unit-Mix of (17) One-Bedrooms and (7) Two-Bedrooms
  • Strong Collections on Occupied Units
  • Substantial AirBnB Income on "Vacant" Units
  • Walking Distance to Two Metro Stations
  • Walking Distance to Eastern Market and U.S. Capitol

Investment Overview

Marcus & Millichap is pleased to present the exclusive offering of "The Barbara of Capitol Hill" located at 821 Maryland Avenue Northeast in Washington, District of Columbia. The Barbara of Capitol Hill is a three-story apartment building consisting of 24-units. The property contains 13,826 square feet of livable space with a shared laundry facility, an outdoor garden, and ample street parking. The unit mix consists of 17 one-bedroom units and seven two-bedroom units.
Situated in the Capitol Hill neighborhood of Washington, D.C., this property sits along Maryland Avenue NE and 9th Street NE, roughly three blocks east of Stanton Park. The building is situated in close proximity to the U.S. Capitol Building to the southwest as well as the booming H-Street Corridor to the north. Two Metro stations sit within one mile of the property, these include Eastern Market Station to the south and Union Station to the west
Capitol Hill is the largest historic residential neighborhood in Washington, D.C., stretching east in front of the United States Capitol along wide avenues. It is home to 35,000 people in just under a two-mile radius, which makes it one of the most densely populated neighborhoods in the District. The Capitol building has been the home of the United States Congress and the workplace of many residents of the Capitol Hill neighborhood since 1800, recent estimates suggesting as many as a third of all Members of Congress live on Capitol Hill when Congress is in session in the District.

Exclusively Listed By

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