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4564 Macarthur Blvd NW
Washington, DC 20007
Park MacArthur · Multifamily Property For Sale
·
17 Units
Investment Highlights
- Recently renovated units
- Recent upgrades to major systems
- Located in the premier Foxhall neighborhood of NW DC
- Potential to convert select units to 2-bedroom units
- Offered with assumable debt at a competitive 3.5% interest rate
- Less than a mile from Georgetown University
Executive Summary
THE OPPORTUNITY
The Zupancic Group of Marcus & Millichap is pleased to present Park MacArthur, a 17-unit multifamily property located at 4564 MacArthur Boulevard NW in Washington, DC. The property is located in Foxhall, between Palisades and Georgetown, two of the city’s most affluent and high-demand neighborhoods. The building was renovated in 2015 by an experienced developer, providing ideal unit finishes for rental demand and limiting up-front deferred maintenance. The asset is being sold with potential for assumable debt at a competitive 3.5% interest rate. Park MacArthur represents an extremely rare opportunity to acquire a stabilized asset in a high-barrier DC submarket with assumable debt well below current market rates.
THE ASSET
Park MacArthur is a 17-unit multifamily building totaling 13,360 gross square feet, situated on a 10,019 square foot lot in Northwest DC. The property was renovated in 2015, including updated unit finishes (stainless steel appliances and quartz countertops), new windows, minisplit HVAC systems (two per unit), a gas hot water heater, and upgraded building systems. At least 10 of the in-unit HVAC systems have been replaced since 2015. The roof and skylight were replaced in 2017 and remain under a 15-year warranty. Additional upgrades include fire alarm system replacements in 2024 and site security camera installation around 2022. Units are spacious and have historically achieved high levels of rental demand. Rents average over $2,000/month, and the property is currently 94% occupied, with just one vacancy. There is potential to convert select units to two bedrooms for additional boosted revenue, and there is potential and to add parking in the rear lot. With minimal near-term capital required and current high-stabilization, Park MacArthur is uniquely positioned as a potentially low-maintenance, income-producing asset in a premier DC location.
THE LOCATION
Park MacArthur is located in Foxhall, one of DC’s most desirable and high barrier to entry residential neighborhoods. Nestled between Palisades and Georgetown, the property sits less than one mile from Georgetown University and offers easy access to Canal Road, MacArthur Boulevard, and key employment centers throughout Northwest DC. The surrounding area is defined by a mix of single-family homes, small apartment buildings, parks, and local retail, offering a quiet, safe, and highly walkable neighborhood. Tenant demand is driven by this balance of a quiet residential location while still being minutes from Downtown DC and the plethora of retail, restaurant, and bars in Georgetown, which is just a 5-minute drive from the property. The asset is ideally positioned to be a stable, long-term investment property that will benefit from strong neighborhood fundamentals and appreciation in value.
The Zupancic Group of Marcus & Millichap is pleased to present Park MacArthur, a 17-unit multifamily property located at 4564 MacArthur Boulevard NW in Washington, DC. The property is located in Foxhall, between Palisades and Georgetown, two of the city’s most affluent and high-demand neighborhoods. The building was renovated in 2015 by an experienced developer, providing ideal unit finishes for rental demand and limiting up-front deferred maintenance. The asset is being sold with potential for assumable debt at a competitive 3.5% interest rate. Park MacArthur represents an extremely rare opportunity to acquire a stabilized asset in a high-barrier DC submarket with assumable debt well below current market rates.
THE ASSET
Park MacArthur is a 17-unit multifamily building totaling 13,360 gross square feet, situated on a 10,019 square foot lot in Northwest DC. The property was renovated in 2015, including updated unit finishes (stainless steel appliances and quartz countertops), new windows, minisplit HVAC systems (two per unit), a gas hot water heater, and upgraded building systems. At least 10 of the in-unit HVAC systems have been replaced since 2015. The roof and skylight were replaced in 2017 and remain under a 15-year warranty. Additional upgrades include fire alarm system replacements in 2024 and site security camera installation around 2022. Units are spacious and have historically achieved high levels of rental demand. Rents average over $2,000/month, and the property is currently 94% occupied, with just one vacancy. There is potential to convert select units to two bedrooms for additional boosted revenue, and there is potential and to add parking in the rear lot. With minimal near-term capital required and current high-stabilization, Park MacArthur is uniquely positioned as a potentially low-maintenance, income-producing asset in a premier DC location.
THE LOCATION
Park MacArthur is located in Foxhall, one of DC’s most desirable and high barrier to entry residential neighborhoods. Nestled between Palisades and Georgetown, the property sits less than one mile from Georgetown University and offers easy access to Canal Road, MacArthur Boulevard, and key employment centers throughout Northwest DC. The surrounding area is defined by a mix of single-family homes, small apartment buildings, parks, and local retail, offering a quiet, safe, and highly walkable neighborhood. Tenant demand is driven by this balance of a quiet residential location while still being minutes from Downtown DC and the plethora of retail, restaurant, and bars in Georgetown, which is just a 5-minute drive from the property. The asset is ideally positioned to be a stable, long-term investment property that will benefit from strong neighborhood fundamentals and appreciation in value.
Property Facts
| Price Per Unit | $255,882 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 13,360 SF |
| No. Units | 17 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1939/2015 |
| Apartment Style | Low-Rise | Parking Ratio | 0.94/1,000 SF |
| Building Class | B | ||
| Zoning | RA-1 - Permits low to moderate-density development, including detached dwellings, rowhouses, and low-rise apartments | ||
| Price Per Unit | $255,882 |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 13,360 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built/Renovated | 1939/2015 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | RA-1 - Permits low to moderate-density development, including detached dwellings, rowhouses, and low-rise apartments |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Quartz Countertops
Site Amenities
- Controlled Access
- Laundry Facilities
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | $2,045 | 700 - 715 |
Property Taxes
| Parcel Number | 1358-0901 | Improvements Assessment | $2,474,830 |
| Land Assessment | $389,190 | Total Assessment | $2,864,020 |
Property Taxes
Parcel Number
1358-0901
Land Assessment
$389,190
Improvements Assessment
$2,474,830
Total Assessment
$2,864,020
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