Renaissance Apartments 3320-3322 Wheeler Rd SE 108 Unit Apartment Building $19,900,000 ($184,259/Unit) Washington, DC 20032

Prime Investment Opportunity in Washington, D.C.! This high-potential 108-unit multifamily community comprises nine garden-style buildings strategically located at the intersection of Wheeler Rd SE and 10th Pl SE, right in the heart of the city. The property boasts exceptional accessibility, situated just one mile from the Congress Heights Metro Station, within walking distance to Harris Teeter, and offering a short commute to major destinations including Joint Base Anacostia-Bolling, the Washington Navy Yard, and MGM National Harbor.
The unit mix is thoughtfully designed to meet strong rental demand, featuring 12 one-bedroom, one-bath units; 33 two-bedroom, one-bath units; 60 three-bedroom, one-bath units; and 3 four-bedroom, one-bath units. A significant portion of the community participates in tenant-based voucher programs such as HCVP, GWUL, and Pathways to Housing DC, ensuring stable occupancy and predictable cash flow.
Over the past two years, the asset has undergone substantial capital improvements. These include major mechanical, electrical, and plumbing upgrades, installation of newer windows, doors, and kitchen cabinetry, updated appliances and modern flooring, sewer line enhancements, and the addition of 42 high-definition security cameras. Each building also features renovated laundry rooms. Notably, 70 of the 108 units have been fully renovated between 2023 and 2025, and all building exteriors have been freshly painted.
The community has embraced sustainability through the installation of solar panels as part of the Sustainable DC initiative, helping to reduce operating costs and environmental impact. This offering presents an exceptional investment prospect, combining stability, recent improvements, and long-term upside in one of D.C.’s fastest-growing submarkets.