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Multifamily

Rockview Apartments

1440 Rock Creek Ford Rd NW, Washington, DC 20011

Listing Price: Request For Offer

Number of Units
88
Gross SF
92,166

Investment Overview

Marcus & Millichap presents Rockview Apartments, an 88-unit multifamily community located in the heart of Brightwood and less than three-quarters of a mile from The Parks at Walter Reed, a massive $1-billion development on 66 acres of Northwest, DC. Rockview Apartments is a rare opportunity because only five Class C assets greater than 75-units have traded in the 20011 and 20012 zip codes in the past ten years. Rockview Apartments provides a buyer with a range of investment opportunities in the short, mid, and long term. The asset is stabilized and currently operating exceptionally well managed, boasting 98.8% physical occupancy and 94.8%economic occupancy during Covid-19. This stability provides the framework for significant future growth potential as the Brightwood neighborhood develops, driving increased demand for multifamily units.

Investment Highlights

  • 88-Unit Multifamily Property Minutes From The Parks at Walter Reed Development in Northwest, DC.
  • Significant Capital Expenditures Have Recently Been Performed on the Property.
  • Highly Efficient Rooftop Solar Panels Generating Additional Revenue Streams.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Listing Price: Request For Offer

Number of Units
88
Gross SF
92,166

Investment Highlights

  • 88-Unit Multifamily Property Minutes From The Parks at Walter Reed Development in Northwest, DC.
  • Significant Capital Expenditures Have Recently Been Performed on the Property.
  • Highly Efficient Rooftop Solar Panels Generating Additional Revenue Streams.

Investment Overview

Marcus & Millichap presents Rockview Apartments, an 88-unit multifamily community located in the heart of Brightwood and less than three-quarters of a mile from The Parks at Walter Reed, a massive $1-billion development on 66 acres of Northwest, DC. Rockview Apartments is a rare opportunity because only five Class C assets greater than 75-units have traded in the 20011 and 20012 zip codes in the past ten years. Rockview Apartments provides a buyer with a range of investment opportunities in the short, mid, and long term. The asset is stabilized and currently operating exceptionally well managed, boasting 98.8% physical occupancy and 94.8%economic occupancy during Covid-19. This stability provides the framework for significant future growth potential as the Brightwood neighborhood develops, driving increased demand for multifamily units.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

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