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3601 14th St NW
Washington, DC 20010
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Built in 2022, the property showcases high-end finishes, including a TPO roof, a rooftop deck, Pella windows, and high-efficiency HVAC systems.
- Fully leased, with nine units rented to Voucher tenants and one at market rate, ensuring consistent and reliable income.
- A fully stabilized asset with immediate cash flow and significant potential for long-term equity appreciation.
- Each of the ten spacious two-bedroom, two-bath units is designed with condo-quality finishes, offering a blend of elegance and comfort.
- Conveniently situated within five blocks of both the Georgia Avenue/Petworth Metro and Columbia Heights Metro stations.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the multifamily property located at 3601 14th Street Apartments in Washington, D.C. Built in 2022, the property features ten spacious two-bedroom, two-bath units, with nine units rented to voucher tenants and one at market rate, providing a strong and diversified rent roll. Visually, the asset showcases modern construction with premium amenities and condo-quality design throughout. High-end finishes include a durable thermoplastic roof, expansive Pella windows that enhance natural light, and new, efficient HVAC systems in every unit. From an investor's perspective, the property is fully leased, ensuring consistent and reliable income from day one.
Its location within five blocks of both the Georgia Avenue/Petworth Metro and Columbia Heights Metro stations offers exceptional transit access, supporting durable tenant demand and long-term occupancy. As a fully stabilized asset with immediate cash flow, this opportunity also positions an owner for meaningful equity appreciation over time. With immediate cash flow and durable tenant demand, the multifamily asset stands out as a turnkey investment in a high-performing D.C. corridor.
Its location within five blocks of both the Georgia Avenue/Petworth Metro and Columbia Heights Metro stations offers exceptional transit access, supporting durable tenant demand and long-term occupancy. As a fully stabilized asset with immediate cash flow, this opportunity also positions an owner for meaningful equity appreciation over time. With immediate cash flow and durable tenant demand, the multifamily asset stands out as a turnkey investment in a high-performing D.C. corridor.
PROPERTY FACTS
| Price Per Unit | $310,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.05% | Building Size | 7,570 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Mid-Rise | ||
| Zoning | MU-4 - Allows for moderate-density mixed-use development with a focus on housing | ||
| Price Per Unit | $310,000 |
| Sale Type | Investment |
| Cap Rate | 6.05% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 7,570 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2022 |
| Zoning | MU-4 - Allows for moderate-density mixed-use development with a focus on housing |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 10 | - | 757 |
PROPERTY TAXES
| Parcel Number | 2827-0083 | Improvements Assessment | $2,113,280 |
| Land Assessment | $816,000 | Total Assessment | $2,929,280 |
PROPERTY TAXES
Parcel Number
2827-0083
Land Assessment
$816,000
Improvements Assessment
$2,113,280
Total Assessment
$2,929,280
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