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Multifamily

8th St NE Apartments

245 8th St NE, Washington, DC 20002

Listing Price: $5,200,000

Cap Rate
5.55%
Number of Units
13
Price/Unit
$400,000

Investment Overview

The Milam Group of Marcus & Millichap is pleased to present the following opportunity in the Capitol Hill neighborhood of Washington, DC. 245-249 8th Street NE is a thirteen-unit apartment property conveniently located on the corner of 8th St NE and C St NE in the Capitol Hill Historic District. The property was constructed in 1987 and consistent of four studio apartments and nine one-bedroom units. The building has been meticulously maintained and all the units have been recently renovated. The property is not subject to rent control, a valuable asset in this high demand area. The prime location and quality of the units allow for premium rents. All units except the four ground floor units have fireplaces. 245-249 8th Street NE, is conveniently located close to the H Street Corridor, which is home to a lot of different restaurants and bars that come alive at night. Union Station, the meeting point of DC’s Metro, Maryland transit (MARC), Virginia Transit (VRE), and Amtrak, provide a way to not only explore the DMV but the entire East Coast. 245-249 8th Street NE is nestled in the hottest submarket of DC and is close to all the action that the District has to offer.

Investment Highlights

  • 13 Units in Capitol Hill, DC
  • Units Renovated (Granite Countertops, hardwood floors, Washer & Dryers in Unit)
  • Close to Shopping, Dinning and Trails and Parks

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Multifamily

8th St NE Apartments

Listing Price: $5,200,000

Cap Rate
5.55%
Number of Units
13
Price/Unit
$400,000

Investment Highlights

  • 13 Units in Capitol Hill, DC
  • Units Renovated (Granite Countertops, hardwood floors, Washer & Dryers in Unit)
  • Close to Shopping, Dinning and Trails and Parks

Investment Overview

The Milam Group of Marcus & Millichap is pleased to present the following opportunity in the Capitol Hill neighborhood of Washington, DC. 245-249 8th Street NE is a thirteen-unit apartment property conveniently located on the corner of 8th St NE and C St NE in the Capitol Hill Historic District. The property was constructed in 1987 and consistent of four studio apartments and nine one-bedroom units. The building has been meticulously maintained and all the units have been recently renovated. The property is not subject to rent control, a valuable asset in this high demand area. The prime location and quality of the units allow for premium rents. All units except the four ground floor units have fireplaces. 245-249 8th Street NE, is conveniently located close to the H Street Corridor, which is home to a lot of different restaurants and bars that come alive at night. Union Station, the meeting point of DC’s Metro, Maryland transit (MARC), Virginia Transit (VRE), and Amtrak, provide a way to not only explore the DMV but the entire East Coast. 245-249 8th Street NE is nestled in the hottest submarket of DC and is close to all the action that the District has to offer.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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