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1916 15th St SE 27 Unit Apartment Building $12,500,000 ($462,963/Unit) 9.24% Cap Rate Washington, DC 20020
INVESTMENT HIGHLIGHTS
- Brand New Construction delivered with Certificate of Occupancy
- Turn Key Service Ready Investment
- High bedroom Count per unit
EXECUTIVE SUMMARY
We are pleased to offer this brand-new recently constructed 27 unit building (Twenty Five -3br Two-2br, One- 5,000sqft Retail Space) for consideration of purchase in one of DC's most actively developing areas, Anacostia.
Currently finishing a change of use to put into service as a senior living facility and just signed a 5 year lease with a senior living provider at NNN.
Anacostia has one of the lowest vacancy rates across all neighborhoods of DC and very high demand for additional senior living communities and in conjunction with the St. Elizabeth's development is sure to be a hub of healthcare activity.
Currently finishing a change of use to put into service as a senior living facility and just signed a 5 year lease with a senior living provider at NNN.
Anacostia has one of the lowest vacancy rates across all neighborhoods of DC and very high demand for additional senior living communities and in conjunction with the St. Elizabeth's development is sure to be a hub of healthcare activity.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $12,500,000 | Property Subtype | Apartment |
| Price Per Unit | $462,963 | Apartment Style | Hi-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 9.24% | Lot Size | 0.20 AC |
| Gross Rent Multiplier | 9.47 | Building Size | 47,771 SF |
| No. Units | 27 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2024 |
| Zoning | MU-4 - mixed-use zone that allows for moderate-density development of a variety of uses in low- and moderate-density residential areas. | ||
| Price | $12,500,000 |
| Price Per Unit | $462,963 |
| Sale Type | Investment |
| Cap Rate | 9.24% |
| Gross Rent Multiplier | 9.47 |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 47,771 SF |
| No. Stories | 6 |
| Year Built | 2024 |
| Zoning | MU-4 - mixed-use zone that allows for moderate-density development of a variety of uses in low- and moderate-density residential areas. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 24 | - | 607 - 972 |
| 2+1 | 1 | - | 656 |
| 3+2.5 | 1 | - | 1,059 |
| 3+2 | 1 | - | 965 |
Walk Score®
Very Walkable (86)
Transit Score®
Excellent Transit (75)
PROPERTY TAXES
| Parcel Number | 5766-1017 | Total Assessment | $1,043,660 (2025) |
| Land Assessment | $495,440 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $548,220 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5766-1017
Land Assessment
$495,440 (2025)
Improvements Assessment
$548,220 (2025)
Total Assessment
$1,043,660 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1916 15th St SE
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