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In-Place Cash Flow | Rental Upside 4919 A St SE 9 Apartment Units Online Auction Sale Washington, DC 20019
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Investment Highlights
- 4919 A Street SE is a newly renovated, nine-unit brick apartment building in Marshall Heights with in-place cash flow and clear value-add avenues.
- Cost-effective conversion opportunity to boost NOI by converting select 2-bed units to 3-bed units which has already been executed on two 2-bed units.
- Long-term value location within walking distance of the Capitol Heights Metro Station and the Benning Road Metro Station, offering broad connectivity.
- Comprises two 3-bed, six 2-bed, and one 1-bed unit, generating over $15,000 in monthly effective rent with an estimated upside nearing $17,000.
- Rare secured parking with 10 off-street parking spaces, supporting stronger rent potential as the neighborhood continues to densify.
- Poised to benefit from the multi-billion-dollar RFK Stadium transformation and various other mixed-use developments made to serve the project.
Executive Summary
THE OPPORTUNITY: 4919 A Street SE presents a compelling opportunity to acquire a newly renovated and well-maintained, nine-unit brick apartment building in Marshall Heights, one of the Washington, DC submarkets benefiting most directly from the District’s East-of-the-River investment cycle. The asset offers strong in-place cash flow alongside a clear path to value-add upside through statutory rent growth and natural turnover, providing both stable income today and meaningful appreciation potential over the hold period.
STRONG UNIT MIX & IN-PLACE CASH FLOW: The property consists of two three-bedroom, six two-bedroom, and one one-bedroom unit, capturing demand for family-sized rental product in Ward 7. The property generates strong cash flow with over $15,000 in monthly effective rent, with upside potential of in-place max monthly rent potential nearing $17,000.
ACTIONABLE 2BR-TO-3BR CONVERSION UPSIDE: The property's floor plates support a clear, cost-effective path to convert select two-bedroom units into three-bedroom layouts, capturing the rent premium that 3BR units command over 2BR units in-place. This proof of concept has already been executed on two of the units in-place. With six 2BR units remaining, this conversion strategy compounds materially across the asset, driving higher NOI and value at exit.
SECURED PARKING: The property includes secure 10 off-street parking spaces, a scarce amenity in the immediate area. This feature enhances resident convenience and supports stronger rent potential as the neighborhood continues to densify and mature.
WALKING DISTANCE TO TWO METRORAIL STATIONS: Tenants enjoy direct access to both the Capitol Heights Metro Station (Blue and Silver lines) and the Benning Road Metro Station (Blue, Orange, and Silver lines), providing one-seat connectivity to Downtown DC, Capitol Hill, NoMa, and L’Enfant Plaza. East Capitol Street, Benning Road, and Interstate 295 deliver additional vehicular connectivity throughout the District and the broader DMV region.
LONG-TERM MARKET TAILWINDS: The surrounding submarket is poised for growth as billions of dollars in nearby redevelopment, including the RFK Stadium transformation, reshape the area. The property is positioned to directly benefit from this momentum, offering investors a compelling balance of immediate income and long-term appreciation potential.
STRONG UNIT MIX & IN-PLACE CASH FLOW: The property consists of two three-bedroom, six two-bedroom, and one one-bedroom unit, capturing demand for family-sized rental product in Ward 7. The property generates strong cash flow with over $15,000 in monthly effective rent, with upside potential of in-place max monthly rent potential nearing $17,000.
ACTIONABLE 2BR-TO-3BR CONVERSION UPSIDE: The property's floor plates support a clear, cost-effective path to convert select two-bedroom units into three-bedroom layouts, capturing the rent premium that 3BR units command over 2BR units in-place. This proof of concept has already been executed on two of the units in-place. With six 2BR units remaining, this conversion strategy compounds materially across the asset, driving higher NOI and value at exit.
SECURED PARKING: The property includes secure 10 off-street parking spaces, a scarce amenity in the immediate area. This feature enhances resident convenience and supports stronger rent potential as the neighborhood continues to densify and mature.
WALKING DISTANCE TO TWO METRORAIL STATIONS: Tenants enjoy direct access to both the Capitol Heights Metro Station (Blue and Silver lines) and the Benning Road Metro Station (Blue, Orange, and Silver lines), providing one-seat connectivity to Downtown DC, Capitol Hill, NoMa, and L’Enfant Plaza. East Capitol Street, Benning Road, and Interstate 295 deliver additional vehicular connectivity throughout the District and the broader DMV region.
LONG-TERM MARKET TAILWINDS: The surrounding submarket is poised for growth as billions of dollars in nearby redevelopment, including the RFK Stadium transformation, reshape the area. The property is positioned to directly benefit from this momentum, offering investors a compelling balance of immediate income and long-term appreciation potential.
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Data Room Click Here to Access
- Purchase Agreement
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Property Facts
| Sale Type | Investment | Lot Size | 0.09 AC |
| Sale Condition | Auction Sale | Building Size | 7,800 SF |
| Type of Ownership | Fee Simple | Average Occupancy | 89% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1932 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Apartment Style | Low-Rise | Parcel Number | 5332-0000-0009 |
| Building Class | C | ||
| Zoning | R-3 - Allows for attached rowhouses on small lots and row dwellings mingled with detached, semi-detached, and groupings of three or more row dwellings. | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 7,800 SF |
| Average Occupancy | 89% |
| No. Stories | 3 |
| Year Built | 1932 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | R-3 - Allows for attached rowhouses on small lots and row dwellings mingled with detached, semi-detached, and groupings of three or more row dwellings. |
| Parcel Number | 5332-0000-0009 |
Amenities
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Online Services
- Walk-Up
- Smoke Detector
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Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Sale Advisors
Sale Advisors
Nigel Crayton, Senior Director of Mid-Atlantic Investment Sales
Nigel focuses on originating new clients, servicing existing relationships, deal term negotiation, overseeing escrow, underwriting investments, and production of offering memorandum. He is also responsible for tracking and reporting on trends in the Mid-Atlantic multifamily market.
Jacob Krens, Senior Associate
Jacob Krens is a Senior Associate with the Greysteel Mid-Atlantic Multifamily Team, specializing exclusively in representing clients through investment sales of Mixed-Use and Multifamily properties throughout the DMV. Jacob is an expert in managing complex transactions including development, zoning variances, TOPA processes, tenant issues, and financing solutions.
License: MD: 5014896, DC: SP40002692
License: MD: 5014896, DC: SP40002692
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Auction Contact
Marlo Lashley
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr BR40000233
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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
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In-Place Cash Flow | Rental Upside | 4919 A St SE
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