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10 49th St SE
Washington, DC 20019
Multifamily Property For Sale
·
15 Units
Investment Highlights
- Walking distance to Metro
- Optimal unit mix for submarket demand
- 12 off-street parking spaces
- Stable workforce housing fundamentals
- Low operating expense profile
- Accessible residential location with nearby retail corridors
Executive Summary
The Zupancic Group of Marcus & Millichap is pleased to present 10 49th Street SE, a lender owned 15-unit multifamily asset located in the Marshall Heights neighborhood of Washington, DC. The offering presents an opportunity to acquire a highly occupied asset with a uniform unit mix of two-bedroom flats well-aligned with submarket renter demand. With tenants responsible for all utilities except water and sewer, 12 off-street parking spaces, and an extremely convenient location steps from the Benning Road Metro and direct access to retail within walking distance, 10 49th Street SE offers a compelling combination of upside through operational efficiency, low expense exposure, and long-term appreciation potential driven by accelerating public and private investment in the surrounding corridor.
Property Facts
| Sale Type | Investment | Lot Size | 0.18 AC |
| Sale Condition | REO Sale | Building Size | 13,365 SF |
| No. Units | 15 | Average Occupancy | 93% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1953 |
| Apartment Style | Low-Rise | Parking Ratio | 1.22/1,000 SF |
| Building Class | C | ||
| Zoning | R-2 - Provide for areas predominantly developed with semi-detached houses on moderately sized lots that also contain some detached dwellings. | ||
| Sale Type | Investment |
| Sale Condition | REO Sale |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 13,365 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 1953 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | R-2 - Provide for areas predominantly developed with semi-detached houses on moderately sized lots that also contain some detached dwellings. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 15 | $1,039 | 850 |
Property Taxes
| Parcel Number | 5330-0801 | Improvements Assessment | $905,500 |
| Land Assessment | $145,540 | Total Assessment | $1,051,040 |
Property Taxes
Parcel Number
5330-0801
Land Assessment
$145,540
Improvements Assessment
$905,500
Total Assessment
$1,051,040
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