Skip to main content

Multifamily

912 & 916 19th Street NE

912 & 916 19th St NE, Washington, DC 20002

Listing Price: Request For Offer

Number of Units
6
Gross SF
3,648

Investment Overview

As the exclusive listing broker, Marcus & Millichap is pleased to present the opportunity to acquire 912 & 916 19th Street NE, two contiguous multifamily assets offered concurrently. The properties can be purchased separately or together. The properties are 50% vacant and comprised of a two-unit property (912) and a four-unit property (916). Together the properties total six units and 3,648 gross-square feet, and are located in the Carver/ Langston neighborhood of Northeast DC. Both assets have undergone full gut renovations which included replacing all major mechanical systems, including electrical and plumbing, HVAC units, water heaters, flooring, appliances, and more. Transformative development will augment the significant growth seen in recent years, and continue to drive investor confidence in the area’s future. Overall, 912 & 916 19th Street NE provide an attractive opportunity for an investor to acquire two high vacancy multifamily assets located in a neighborhood well-positioned to benefit from further growth. 912 & 916 19th Street NE are two contiguous, gut-renovated assets built-in 1942. Units are separately-metered for electricity & gas. Units feature modern kitchens and bathrooms, vinyl plank flooring, stainless steel appliances, granite countertops, central air, private outdoor space for each unit, and full-sized in-unit washers & dryers. In addition, the property features rear-alley access with ample space in the rear yard to add three or more parking spaces, which could be used as an additional revenue stream for an investor and an amenity for tenants. Since 912 & 916 were renovated entirely, an investor’s immediate capital expenditures are limited, allowing them to execute a lease-up strategy quickly. 912 & 916 19th Street NE are located in Carver/ Langston, surrounded by development along the H Street Corridor, Benning Road, Bladensburg Road, Rhode Island Avenue, the RFK Stadium, and New City DC. The RIA (Rhode Island Avenue) Development alone will create over 1,700 market-rate and affordable housing units and more than 180,000 square feet of retail space to the area. Additionally, the development plans near RFK stadium are set to bring over 2,000 housing units to Reservation 13, one of the largest undeveloped parcels of public land on the East Coast. Nearby neighborhoods such as the H Street Corridor, Union Market, and Ivy City are all experiencing significant growth through mixed-use development and notable restaurant and retail openings. While Northeast DC has experienced tremendous growth over the past several years, this property offers an investor the opportunity to enter a rapidly transforming submarket at a relatively low-cost basis relative to other neighborhoods in DC.

Investment Highlights

  • High Vacancy Asset With Strong Historical Rents
  • Turnkey Gut-Renovated Asset
  • Separately-Metered Utilities
  • Nearby H Street, Union Market, & Ivy City
  • Strong Development Pipeline
  • Potential To Add Bedrooms

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Multifamily

912 & 916 19th Street NE

Listing Price: Request For Offer

Number of Units
6
Gross SF
3,648

Investment Highlights

  • High Vacancy Asset With Strong Historical Rents
  • Turnkey Gut-Renovated Asset
  • Separately-Metered Utilities
  • Nearby H Street, Union Market, & Ivy City
  • Strong Development Pipeline
  • Potential To Add Bedrooms

Investment Overview

As the exclusive listing broker, Marcus & Millichap is pleased to present the opportunity to acquire 912 & 916 19th Street NE, two contiguous multifamily assets offered concurrently. The properties can be purchased separately or together. The properties are 50% vacant and comprised of a two-unit property (912) and a four-unit property (916). Together the properties total six units and 3,648 gross-square feet, and are located in the Carver/ Langston neighborhood of Northeast DC. Both assets have undergone full gut renovations which included replacing all major mechanical systems, including electrical and plumbing, HVAC units, water heaters, flooring, appliances, and more. Transformative development will augment the significant growth seen in recent years, and continue to drive investor confidence in the area’s future. Overall, 912 & 916 19th Street NE provide an attractive opportunity for an investor to acquire two high vacancy multifamily assets located in a neighborhood well-positioned to benefit from further growth. 912 & 916 19th Street NE are two contiguous, gut-renovated assets built-in 1942. Units are separately-metered for electricity & gas. Units feature modern kitchens and bathrooms, vinyl plank flooring, stainless steel appliances, granite countertops, central air, private outdoor space for each unit, and full-sized in-unit washers & dryers. In addition, the property features rear-alley access with ample space in the rear yard to add three or more parking spaces, which could be used as an additional revenue stream for an investor and an amenity for tenants. Since 912 & 916 were renovated entirely, an investor’s immediate capital expenditures are limited, allowing them to execute a lease-up strategy quickly. 912 & 916 19th Street NE are located in Carver/ Langston, surrounded by development along the H Street Corridor, Benning Road, Bladensburg Road, Rhode Island Avenue, the RFK Stadium, and New City DC. The RIA (Rhode Island Avenue) Development alone will create over 1,700 market-rate and affordable housing units and more than 180,000 square feet of retail space to the area. Additionally, the development plans near RFK stadium are set to bring over 2,000 housing units to Reservation 13, one of the largest undeveloped parcels of public land on the East Coast. Nearby neighborhoods such as the H Street Corridor, Union Market, and Ivy City are all experiencing significant growth through mixed-use development and notable restaurant and retail openings. While Northeast DC has experienced tremendous growth over the past several years, this property offers an investor the opportunity to enter a rapidly transforming submarket at a relatively low-cost basis relative to other neighborhoods in DC.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

MM Texture Background
MM Textured Background Lower