$ 985,000
-
$985,000
Price -
5
Bed -
2
Bath -
1,942
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing M&MRE1 - 3005273
Marcus & Millichap is pleased to exclusively present a fully renovated two-unit apartment buildings located at 1911 8th Street NW (2 -2BR/2 BA) in the highly desirable Shaw submarket of Northwest Washington, D.?C.? The offering represents a rare opportunity to acquire a renovated multifamily asset with strong in-place cash flow, multiple exit strategies, and long-term appreciation upside in one of the District’s most resilient rental markets.?There is also an opportunity to purchase a renovated four unit at 543 Florida Avenue NW. This asset has undergone substantial renovations, including modernized interiors and upgraded building systems, reducing near-term capital expenditure risk and providing immediate operational stability.? From a financial standpoint, the property delivers an attractive CAP rate of 7.00%, This two-unit building also present an exceptional opportunity for owner-occupants seeking to offset housing costs through rental income.? FHA financing is available for qualified buyers.? In Washington, D.?C.?, the 2026 FHA loan limit for a four-unit property is approximately $2.4 million, allowing buyers to acquire this asset with low down payment requirements while benefiting from market-rate rents.? With close proximity to Howard University, this opportunity is also well-suited for parents purchasing housing for a student while renting the remaining units to fellow students or young professionals.? This strategy enables parents to convert housing expenses into a long-term investment, offset ownership costs through rental income, and retain a highly marketable asset upon graduation.? The unit layouts, neighborhood amenities, and transit access align well with student and early-career renter demand, making this a compelling alternative to traditional student housing or condominium ownership.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Multi-Family
MLS ®
DCDC2276712
Year Built
1920
Total Square Footage
1,942
Lot/Acreage
0.04
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor: Hardwood
- Above Ground Sq Ft: 1942
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: Residential
- Roof: Architectural Shingle
- Others: Good
- Sewer: Public Sewer
Financial Details
- Tax Amount: $8,236
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1911 8th St NW Washington, DC 20001
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
