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2513-2515 22nd St NE 6 Unit Apartment Building $850,000 ($141,667/Unit) Washington, DC 20018
Executive Summary
**Attention Investors: Deep Value-Add 6-Unit Multifamily Package** Discover the untapped potential of this 6-unit, two-building portfolio in Washington, D.C. While the property requires significant capital expenditure, it is priced to reflect a high-yield repositioning opportunity. **Current Status:** Five out of six units are occupied, generating a stable rental income **Opportunity:** One vacant unit offers the opportunity to immediately renovate. **Profit Driver:** There is a clear pathway to substantial rent increases through comprehensive cosmetic and system upgrades throughout the portfolio. The property is being sold AS-IS. Bring your vision, construction team, and value-add strategy to unlock significant equity in this prime investment opportunity.
Property Facts
| Price | $850,000 | Building Class | C |
| Price Per Unit | $141,667 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,800 SF |
| No. Units | 6 | Average Occupancy | 83% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1941 |
| Apartment Style | Low-Rise | ||
| Zoning | R-1B - residential suburban district | ||
| Price | $850,000 |
| Price Per Unit | $141,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,800 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built | 1941 |
| Zoning | R-1B - residential suburban district |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $520,880 | |
| Land Assessment | $632,320 | Total Assessment | $1,153,200 |
Property Taxes
Parcel Numbers
Land Assessment
$632,320
Improvements Assessment
$520,880
Total Assessment
$1,153,200
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2513-2515 22nd St NE
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