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Good Hope Park Apartments 1600 Good Hope Rd SE 35 Unit Apartment Building For Sale Washington, DC 20020



Investment Highlights
- 35-unit multifamily asset
- Value-add and long-term appreciation potential
- $900K annual gross rental income
- Built for the Condo Quality conversion flexibility
Executive Summary
Attention Investors — Noble Group with eXp Realty proudly presents a rare multifamily investment opportunity in the heart of Washington, D.C..
This exceptional asset features 35 residential units with approximately $900,000 in annual rental income, offering strong in-place cash flow and long-term upside potential.
Positioned in one of D.C.’s most desirable and supply-constrained locations, the property provides multiple strategic opportunities for investors — continue operating as a high-performing multifamily rental asset, enhance operational efficiencies and increase NOI, or explore future condominium conversion potential.
With continued demand for housing, rising rental values, and limited inventory across key D.C. neighborhoods, this offering presents an opportunity to acquire a scalable, income-producing asset in a market supported by strong economic fundamentals.
Investment Highlights:
35-unit multifamily asset
$900K annual gross rental income
Prime Washington, D.C. location
Value-add and long-term appreciation potential
Condo conversion flexibility
Strong rental demand and market fundamentals
Opportunities of this caliber are increasingly rare in Washington, D.C.
Contact Noble Group with eXp Realty today for additional information and to explore this exclusive investment opportunity.
This exceptional asset features 35 residential units with approximately $900,000 in annual rental income, offering strong in-place cash flow and long-term upside potential.
Positioned in one of D.C.’s most desirable and supply-constrained locations, the property provides multiple strategic opportunities for investors — continue operating as a high-performing multifamily rental asset, enhance operational efficiencies and increase NOI, or explore future condominium conversion potential.
With continued demand for housing, rising rental values, and limited inventory across key D.C. neighborhoods, this offering presents an opportunity to acquire a scalable, income-producing asset in a market supported by strong economic fundamentals.
Investment Highlights:
35-unit multifamily asset
$900K annual gross rental income
Prime Washington, D.C. location
Value-add and long-term appreciation potential
Condo conversion flexibility
Strong rental demand and market fundamentals
Opportunities of this caliber are increasingly rare in Washington, D.C.
Contact Noble Group with eXp Realty today for additional information and to explore this exclusive investment opportunity.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$906,000
|
$30.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$906,000
|
$30.20
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $906,000 |
| Annual Per SF | $30.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $906,000 |
| Annual Per SF | $30.20 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 35 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 30,000 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2024 |
| Zoning | MU-4 | ||
| Sale Type | Investment |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 30,000 SF |
| No. Stories | 4 |
| Year Built | 2024 |
| Zoning | MU-4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Elevator
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
| 2+1 | 12 | - | - |
| 3+2 | 7 | - | - |
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Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5611-0064 | Improvements Assessment | $5,686,410 |
| Land Assessment | $841,430 | Total Assessment | $6,527,840 |
Property Taxes
Parcel Number
5611-0064
Land Assessment
$841,430
Improvements Assessment
$5,686,410
Total Assessment
$6,527,840
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Good Hope Park Apartments | 1600 Good Hope Rd SE
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