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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.

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
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 - -
Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
5611-0064
Land Assessment
$841,430
Improvements Assessment
$5,686,410
Total Assessment
$6,527,840
  • Listing ID: 40526449

  • Date on Market: 5/14/2026

  • Last Updated:

  • Address: 1600 Good Hope Rd SE, Washington, DC 20020

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