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1435 Newton St NW
Washington, DC 20010
Newton Towers · Multifamily Property For Sale
·
56 Units
Investment Highlights
- The site’s existing structure is smaller than max allowable FAR with a large surface parking lot ideal for new development
- A 56-unit mid-rise apartment building located in the Columbia Heights neighborhood of NW Washington, D.C.
- Capitalize on the opportunity to create revenue improvements through unit renovations or other revenue improvement strategies
- Residents benefit from immediate access to the Columbia Heights metro station serving WMATA’s Green Line, in addition to a plethora of bus options a
- The property was originally constructed in 1964 and includes a mix of 17 Efficiencies and 39 one-bedroom units
- With a 97 Walkscore, Newton Towers is located less than a block off 14th St NW, the liveliest commercial corridor in Washington, D.C.
Property Facts
| No. Units | 56 | Lot Size | 0.49 AC |
| Property Type | Multifamily | Building Size | 30,091 SF |
| Property Subtype | Apartment | Average Occupancy | 96% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1964 |
| Zoning | RA-2 | ||
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 30,091 SF |
| Average Occupancy | 96% |
| No. Stories | 4 |
| Year Built | 1964 |
| Zoning | RA-2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Intercom
- Patio
- Smoke Free
Site Amenities
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Furnished Units Available
- Bicycle Storage
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 17 | - | - |
| 1+1 | 39 | - | - |
Property Taxes
| Parcel Number | 2678-0708 | Improvements Assessment | $6,752,140 |
| Land Assessment | $2,250,530 | Total Assessment | $9,002,670 |
Property Taxes
Parcel Number
2678-0708
Land Assessment
$2,250,530
Improvements Assessment
$6,752,140
Total Assessment
$9,002,670
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