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2139 Newport Pl NW 2139 Newport Pl 4 Unit Apartment Building $1,400,000 ($350,000/Unit) Washington, DC 20037
Investment Highlights
- Value-Add Opportunity
- Attractive Unit Features / Self-Contained Units
- Strong Demographics & Coveted Residential Location
- Rent Control Exemption Potential
- TOPA Exempt
Executive Summary
Horvath & Tremblay is pleased to exclusively present the opportunity to acquire 2139 Newport Place NW, a four-unit apartment building ideally situated at the convergence of Dupont Circle and the West End, two of Washington, DC's most prestigious and sought-after neighborhoods. The Property consists of four one-bedroom apartments of identical layout, two of which will be vacant as of July 27th, providing in-place income while offering additional upside through the lease-up of the vacant units and future value-add opportunities.
The Property presents a compelling opportunity for both investors and owner-occupants. A purchaser can immediately occupy either of the vacant apartments while generating while generating rental income from the remaining three units or lease the units to maximize cash flow from day one. Supported by exceptional neighborhood demographics, a highly walkable location, and recent favorable regulatory changes benefiting smaller multifamily properties, 2139 Newport Place NW offers a rare opportunity to acquire a boutique apartment asset in one of the District's most resilient rental markets.
The Property presents a compelling opportunity for both investors and owner-occupants. A purchaser can immediately occupy either of the vacant apartments while generating while generating rental income from the remaining three units or lease the units to maximize cash flow from day one. Supported by exceptional neighborhood demographics, a highly walkable location, and recent favorable regulatory changes benefiting smaller multifamily properties, 2139 Newport Place NW offers a rare opportunity to acquire a boutique apartment asset in one of the District's most resilient rental markets.
Property Facts
| Price | $1,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $350,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.03 AC |
| No. Units | 4 | Building Size | 2,300 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | RA-8 | ||
| Price | $1,400,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 2,300 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | RA-8 |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 0069-0184 | Improvements Assessment | $613,030 |
| Land Assessment | $766,870 | Total Assessment | $1,379,900 |
Property Taxes
Parcel Number
0069-0184
Land Assessment
$766,870
Improvements Assessment
$613,030
Total Assessment
$1,379,900
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