New Construction - Ten Unit Apartment — Sale in Washington, DC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Washington, DC 20010

Description

Marcus & Millichap is pleased to exclusively represent the owner of 3601 14th Street NW, a premier 9,913-square-foot, commercially zoned new construction apartment in the vibrant Columbia Heights neighborhood of Washington, DC. This TOPA exempt luxury ten-unit apartment building was completed in 2022 and boasts upscale condo-level finishes in a highly sought-after submarket. Zoned MU-4, the four-story property features ten thoughtfully designed two-bedroom, two-bath units equipped with hardwood floors, granite countertops, in-unit washer and dryer, custom kitchen cabinetry, and high-end appliances. Each unit benefits from central air conditioning and energy-efficient Pella windows, while the building's green roof enhances sustainability and longevity. The property consists of 10 well-designed apartments with all two-bedroom units, The building encompasses approximately 9,900 rentable square feet and sits on a 0..05-acre lot. Units are thoughtfully designed to appeal to today’s urban renter, supporting strong occupancy and consistent rental demand. 3601 14th Street NW is currently generating $247,584 in gross rental income. Once the two vacant units are filled, an investor can achieve gross rental income of $316,692 in one year. This asset is separately metered whereby the tenants pay for gas and electric, and the owner pays the water expenses. There is also additional income earned from the two off-street parking spaces. 3601 14th Street NW is strategically positioned in the heart of Columbia Heights’ entertainment and restaurant district, just five blocks from the Columbia Heights and Georgia Avenue/Petworth Metro stations. The property is conveniently situated within two miles of Washington, DC’s central business district and four miles from downtown Silver Spring, MD, offering excellent connectivity to key economic hubs. Columbia Heights is one of Washington, DC’s most dynamic and affluent neighborhoods, characterized by a highly educated population (66% hold a b

Market Context

This multifamily in Washington, DC is listed for sale. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Washington, DC — view the full market.

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