4951 G St SE
Washington, DC 20019
G Street Apartments · Multifamily Property For Sale · 45 Units

G Street Apartments, situated at 4951 G Street SE, is the ultimate multifamily investment in the Marshall Heights neighborhood of Washington, DC. The 45-unit complex rings in at an impressive 42,794 square feet Spread across three-stories. The garden-style apartments are comprised of low-maintenance brick and have ample on-site parking for both tenants and guests. There is an excellent unit mix of 15 two-bedroom units, 15 three-bedroom units, and 15 four-bedroom units. These larger units attract families and groups seeking flexible bedrooms and living space. The apartments range in size from 780-950 square feet each allowing for spacious floor plans. Currently, the asset is 80% occupied allowing for many options moving forward. New ownership can update the vacancies to drive profits. Buyers can also restructure management to seek higher gains.

G Street Apartments benefits as a part of the Anacostia Southeast Multifamily Submarket. Anacostia encompasses the District of Columbia's historic Ward 8 just southeast of the Navy Yard across the Anacostia River. This submarket has traditionally been home to lower-income communities and workforce housing. Rent growth here has been steady, remaining positive even at the depth of the coronavirus pandemic in late 2020. Year-over-year rent increases are steady at 2.9%.

Washington, DC is the ideal place for multifamily investment. The Washington, D.C. region benefits from its status as the nation's capital. People are typically drawn to the Washington, D.C., area for its abundant job opportunities, high quality of life, and vibrant cultural scene. The region boasts excellent public transportation, diverse neighborhoods, and many museums, theaters, and dining options. The D.C. region benefits from a diverse, highly skilled, educated workforce, with approximately 2.5 million households and 6.5 million people. The median income in the region is $130,000, compared to $78,000 nationally. Higher incomes lead to increased consumer spending, and D.C.'s consumer spending is projected to grow faster than the U.S. average through 2028.
The Marshall Heights neighborhood creates the perfect backdrop for investors in multifamily. With Washington, DC experiencing a steady rise in demand for rental properties, this suburban locale offers an ideal solution for those seeking convenient access to the city. Accessibility is a breeze via Benning Road Metro Station (Blue/Silver Lines), Southern Avenue SE, Pennsylvania Avenue SE, and Anacostia Freeway all close by. There is a mix of national retailers and local spots all over the neighborhood with Dollar General, Shell, Black Out Coffee, and The DC Chi Pie all nearby.

For a value-add opportunity in a suburban setting outside of Washington, DC, look no further than G Street Apartments.

Property tours are available by appointment only, please contact the listing broker to schedule.