$ 1,350,000
-
$1,350,000
Price -
6
Bed -
0
Bath -
5,560
SqFt
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About the Listing CENT2033 - 97541
Six-Unit Apartment Building | Offered at $1,350,000 Rare opportunity to acquire a well-maintained six-unit apartment building in the highly desirable 16th Street Heights / Brightwood Park area of Northwest Washington, DC. Built in 1936, this classic brick apartment building consists of six one-bedroom, one-bath units and offers investors stable income with significant long-term upside in one of DC's most established residential neighborhoods. The property features spacious one-bedroom floor plans, hardwood flooring, updated kitchens in select units, on-site laundry facilities, basement storage, and off-street parking availability. Residents enjoy convenient access to Rock Creek Park, 16th Street, public transportation, neighborhood shopping, dining, and major commuter routes throughout the District and surrounding metropolitan area. Current operations include a mix of market-rate and voucher-assisted tenancy, creating a diversified income stream. Based on current rents, the property generates approximately $148,164 in annual gross income. After operating expenses of approximately $30,445 annually, the building produces an estimated Net Operating Income (NOI) of $117,719, resulting in an attractive 8.7% capitalization rate at the asking price of $1,350,000. This represents a compelling opportunity for investors seeking immediate cash flow and long-term appreciation potential in the Washington, DC market. All numbers based on 2025 full year expenses.
Listing Highlights
Status
Active
Days on Site
12
Property Type
Multi-Family
MLS ®
DCDC2267490
Year Built
1936
Total Square Footage
5,560
Lot/Acreage
N/A
County
Washington
Neighborhood
16Th Street Heights
School District
District Of Columbia Public Schools
Interior Details
- Bedrooms: 6
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C,Heat Pump(s)
- Heating: Forced Air,Heat Pump(s)
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 5560
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner,Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: R-5-A
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $7,007
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
5601 Colorado Ave NW Washington, DC 20011
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