Log In/Sign Up
Your email has been sent.
Receiver Sale- Vacant Anacostia Multifamily 2844 Langston Pl SE 16 Apartment Units Online Auction Sale Washington, DC 20020
INVESTMENT HIGHLIGHTS
- Located in Anacostia and presently under receivership, this 16-unit multifamily property offers excellent potential for investors.
- Retailers and conveniences are a quick drive away, including Safeway, McDonald’s, Lidl, Starbucks, CVS, Jersey Mike’s, and many more.
- Rising population and a high percentage of renter-occupied households within 2 miles make this area attractive for multifamily owners.
- Positioned with convenience in mind, the property is located off Suitland Parkway near Interstate 295 at the Washington, DC, and Maryland border.
- Commuting is a breeze, just 6 miles to Downtown Washington, DC, 10 miles to Arlington, and 12 miles to Alexandria.
EXECUTIVE SUMMARY
Make the most of this ready-to-use multifamily property located in Anacostia, one of Washington, DC's most sought-after neighborhoods.
Originally constructed in 1956, 2844 Langston Place SE stands as a prominent, well-established structure within the community. This garden-style apartment building spans 10,560 square feet across three stories, with a gray brick exterior in solid condition. The property comprises sixteen spacious three-bedroom units, each featuring a full bathroom and averaging 750 square feet. Delivered entirely vacant, this building offers remarkable flexibility for investors to implement their vision. With RA-1 zoning supporting low- to moderate-density development, buyers can capitalize on leasing all units at current market rates and add significant value by modernizing interiors, ultimately increasing rental income and boosting net operating returns.
The Anacostia submarket attracts residents primarily due to its strategic location. With convenient access to downtown through the Anacostia Metro station and major commuter routes such as Interstate 295 and Suitland Parkway, this area meets the demand of individuals seeking affordable housing near key employment centers. In comparison to nearby neighborhoods like Capitol Hill and Navy Yard, Anacostia offers renters a more cost-effective alternative. The submarket has experienced significant growth, with 800 units delivered in the past three years. Additionally, nearly 190 units are currently under construction, positioning Anacostia for a projected 1.1% increase in inventory over the next two years.
Anacostia is a sought-after neighborhood. Since 1978, its historic district has been listed on the National Register of Historic Places, adding to its appeal as a desirable place to live. Residents enjoy easy access to several museums and attractions, including Cedar Hill, the final home of Frederick Douglass. The area features a variety of restaurants and dining options, making daily life convenient for those who live there.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Originally constructed in 1956, 2844 Langston Place SE stands as a prominent, well-established structure within the community. This garden-style apartment building spans 10,560 square feet across three stories, with a gray brick exterior in solid condition. The property comprises sixteen spacious three-bedroom units, each featuring a full bathroom and averaging 750 square feet. Delivered entirely vacant, this building offers remarkable flexibility for investors to implement their vision. With RA-1 zoning supporting low- to moderate-density development, buyers can capitalize on leasing all units at current market rates and add significant value by modernizing interiors, ultimately increasing rental income and boosting net operating returns.
The Anacostia submarket attracts residents primarily due to its strategic location. With convenient access to downtown through the Anacostia Metro station and major commuter routes such as Interstate 295 and Suitland Parkway, this area meets the demand of individuals seeking affordable housing near key employment centers. In comparison to nearby neighborhoods like Capitol Hill and Navy Yard, Anacostia offers renters a more cost-effective alternative. The submarket has experienced significant growth, with 800 units delivered in the past three years. Additionally, nearly 190 units are currently under construction, positioning Anacostia for a projected 1.1% increase in inventory over the next two years.
Anacostia is a sought-after neighborhood. Since 1978, its historic district has been listed on the National Register of Historic Places, adding to its appeal as a desirable place to live. Residents enjoy easy access to several museums and attractions, including Cedar Hill, the final home of Frederick Douglass. The area features a variety of restaurants and dining options, making daily life convenient for those who live there.
Property tours are available by appointment only. Please contact the listing broker to schedule.
DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| Sale Condition | Auction Sale | Lot Size | 0.26 AC |
| Type of Ownership | Fee Simple | Building Size | 10,560 SF |
| No. Units | 16 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1956 |
| Apartment Style | Low-Rise | Parcel Number | 5741-0131 |
| Zoning | RA-1 | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 10,560 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 1956 |
| Zoning | RA-1 |
| Parcel Number | 5741-0131 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
1 1
SALE ADVISOR
SALE ADVISOR
Darius Jennings, Associate
Darius Jennings joined the CBRE Mid-Atlantic Multifamily Investment Properties Team in September of 2022. Darius is a member of the CBRE Capital Markets Associate Program, a prestigious 12-month training and development program designed to develop top professionals within CBRE’s national platform. He is also a member of the CBRE Strengthen Talent and Engaging Producers Cohort, which identifies and produces talented individuals through CBRE’s Diversity, Equity, and Inclusion Division. Darius focuses on the canvassing, marketing, and execution of multifamily sales transactions in the Mid-Atlantic.
Prior to joining CBRE, Darius was a Wide Receiver and Return Specialist in the National Football League for seven years where he set a franchise record with the Tennessee Titans and led the NFL in kick return average in 2018 with 31.7 yards per return.
Prior to joining CBRE, Darius was a Wide Receiver and Return Specialist in the National Football League for seven years where he set a franchise record with the Tennessee Titans and led the NFL in kick return average in 2018 with 31.7 yards per return.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
AUCTION CONTACT
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr BR40000233
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
1 of 1
Presented by
Receiver Sale- Vacant Anacostia Multifamily | 2844 Langston Pl SE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Presented by
Receiver Sale- Vacant Anacostia Multifamily | 2844 Langston Pl SE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.