5047-5049 D St SE | Washington, DC 20019
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
5047-5049 D St SE
Washington, DC 20019
Portfolio Sale | Fully Renovated 29 Unit Apt · Multifamily Property For Sale
·
19 Units
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to exclusively represent the owner of 5305 & 5047-5049 D Street SE, a fully renovated 29-unit multifamily property in the Marshall Heights submarket of Washington, D.C. Situated on a 0.45-acre parcel and zoned RA-3, the property offers a diverse unit mix, including 18 three-bedroom units, nine two-bedroom units, one one-bedroom unit, and one studio, totaling approximately 19,336 rentable square feet.
This offering presents a prime opportunity for investors to acquire a stabilized asset with 94% occupancy and a projected Year 1 cap rate of 6.88%. Each unit is individually metered for electricity, with tenants responsible for their utility costs, while the owner covers water expenses.
The property underwent a full renovation in 2022, featuring modernized interiors with new kitchen cabinets, updated flooring, and renovated bathrooms. Additional capital improvements include a new roof, new windows, new water heaters, baseboard heating, and newly installed solar panels, offering potential rebate benefits for the next owner. The property also includes income-generating washer and dryer units and a newly paved parking lot—a $35,000 investment—providing approximately 35 parking spaces.
Investors also have the opportunity to acquire 5105-5109 F Street SE, a fully renovated 24-unit multifamily property located just three blocks away. The acquisition of these affordable housing assets may qualify an owner for agency financing with favorable, below-market rate terms.
Strategically positioned in Marshall Heights, the property offers excellent connectivity to downtown Washington, D.C., Northern Virginia, and Prince George’s County, Maryland. It is just eight blocks from the Benning Road Metro Station (Blue Line) and a short distance from the highly anticipated Commander’s stadium.
This is a rare chance to invest in a turn-key, income-producing asset in one of Washington, D.C.'s fastest-growing residential corridors.
This offering presents a prime opportunity for investors to acquire a stabilized asset with 94% occupancy and a projected Year 1 cap rate of 6.88%. Each unit is individually metered for electricity, with tenants responsible for their utility costs, while the owner covers water expenses.
The property underwent a full renovation in 2022, featuring modernized interiors with new kitchen cabinets, updated flooring, and renovated bathrooms. Additional capital improvements include a new roof, new windows, new water heaters, baseboard heating, and newly installed solar panels, offering potential rebate benefits for the next owner. The property also includes income-generating washer and dryer units and a newly paved parking lot—a $35,000 investment—providing approximately 35 parking spaces.
Investors also have the opportunity to acquire 5105-5109 F Street SE, a fully renovated 24-unit multifamily property located just three blocks away. The acquisition of these affordable housing assets may qualify an owner for agency financing with favorable, below-market rate terms.
Strategically positioned in Marshall Heights, the property offers excellent connectivity to downtown Washington, D.C., Northern Virginia, and Prince George’s County, Maryland. It is just eight blocks from the Benning Road Metro Station (Blue Line) and a short distance from the highly anticipated Commander’s stadium.
This is a rare chance to invest in a turn-key, income-producing asset in one of Washington, D.C.'s fastest-growing residential corridors.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.37 AC |
| No. Units | 19 | Building Size | 15,672 SF |
| Property Type | Multifamily | Number of Floors | 3 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Low-Rise | Parking Ratio | 1.28/1,000 SF |
| Building Class | C | Zoning | R-3 |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 15,672 SF |
| Number of Floors | 3 |
| Year Built | 1965 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Fridge
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+1 | 12 | £1,525 | 800 - 850 |
| 2+2 | 6 | £1,156 | 725 |
| Studios | 1 | £701.02 | 500 - 800 |
PROPERTY TAXES
| Parcel Number | 5321-0033 | Improvements Assessment | £627,409 |
| Land Assessment | £365,071 | Total Assessment | £992,480 |
PROPERTY TAXES
Parcel Number
5321-0033
Land Assessment
£365,071
Improvements Assessment
£627,409
Total Assessment
£992,480
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
