5412 1st Street NW — Sale in Washington, DC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Washington, DC 20011

Photos

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Investment Figures

Cap rate
12.68%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively represent the owner in the sale of 5412 1st Street NW, Washington, DC 20011, a MU-4 zoned multifamily development opportunity located on a 3,833 SF parcel within the Brightwood/Upper Petworth submarket of Northwest Washington, DC. The site is fully entitled with approved building plans for a twenty-unit, 13,158 SF multifamily development consisting of four two-bedroom/two-bath units, fourteen one-bedroom/one-bath units, and two penthouse units featuring two bedrooms and 2.5 baths. Upon stabilization, the project has the potential to generate over $1.2 million in annual gross rental income based on projected performance. The property is strategically positioned within the Upper Petworth corridor of Northwest Washington, DC, an area that has experienced substantial residential and mixed-use redevelopment in recent years. The submarket benefits from strong neighborhood retail amenities, transit connectivity, parks, and convenient access to Downtown Washington, DC and Silver Spring, Maryland. Additionally, the site is located near the growing retail and restaurant corridors along Kennedy Street NW and Georgia Avenue NW, as well as The Parks at Walter Reed redevelopment. Located approximately 1.5 miles from the property, The Parks at Walter Reed is one of the area’s most transformative neighborhood catalysts. The 66-acre mixed-use redevelopment includes Whole Foods, new restaurants and retail, over 2,200 planned residential units, parks and open space, medical and office uses, and community event programming. The location is well connected via multiple transportation options, including the Fort Totten Metro Station approximately eight blocks away, major bus routes along Georgia Avenue NW, and Capital Bikeshare access, enhancing the property’s appeal for future residents. Investment Highlights: • Fully Entitled Development Site Approved for Twenty Residential Units • MU-4 Zoning Allowing for Moderate-Density Mixed-Use Developm

Market Context

This multifamily in Washington, DC is listed for sale. It is offered at an approximate 12.7% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Washington, DC — view the full market.

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