313-317 Kennedy St NW, Washington, DC 20011 317 Kennedy St NW 24 Unit Apartment Building For Sale 7% Cap Rate Washington, DC 20011

Noble Group is pleased to present 313–317 Kennedy Street NW, a newly constructed 24-unit multifamily investment opportunity located along the Kennedy Street corridor in Washington, D.C.’s Brightwood Park neighborhood.
Built in 2025, the property is a five-story, elevator-served multifamily building comprising approximately 20,758 SF of Gross Building Area (GBA).
The residences feature modern kitchens, stainless steel appliances, dishwashers, microwaves, refrigerators, garbage disposals, in-unit washers and dryers, electric heating, and contemporary finishes. The property’s 2025 construction, elevator access, and modern building systems provide investors with a turnkey multifamily asset designed for today’s rental market while limiting near-term capital expenditure requirements.
At stabilization, the property is projected to generate approximately $744,000 in annual residential Gross Potential Rent (GPR), plus approximately $18,000 in parking income, for approximately $762,000 in total potential gross income.
The property is strategically positioned along the Kennedy Street NW corridor, with convenient access to Georgia Avenue NW, Petworth, Fort Totten, Takoma, Rock Creek Park, and Downtown Washington, D.C. The surrounding area offers neighborhood retail, restaurants, cafés, parks, and everyday services, while nearby transportation corridors and public transit provide connectivity to major employment and activity centers throughout the District.
313–317 Kennedy Street NW offers investors a compelling combination of 2025 construction, elevator-served accessibility, strong projected rental income, modern unit finishes, limited near-term capital requirements, and long-term growth potential in an evolving Northwest Washington, D.C. multifamily submarket.