Rockview Apartments — Sale in Washington, DC

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

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Description

Marcus & Millichap is pleased to present Rockview Apartments, an 89-unit multifamily community located at 1440 Rock Creek Ford Road NW in Washington, DC’s Brightwood neighborhood. Currently 94.4% occupied, Rockview generates approximately $127,000 in monthly in-place rental income and has demonstrated consistent rental-revenue growth, with additional upside available through permitted rent increases, unit turnover, and the lease-up of five vacant apartments. The professionally managed and well-maintained property features a unit mix of 26 studios, 52 one-bedroom units, and 11 two-bedroom units. The property also offers potential additional revenue opportunities through the utilization of its existing solar-panel infrastructure and the repurposing of approximately 3,000 square feet of lower-level space. Rockview offers investors meaningful Northwest DC scale and established in-place cash flow, together with multiple avenues for new ownership to further increase revenue. Investment Highlights: • Strong in-place operations with rental upside • Consistent rental-revenue growth • Professionally managed and maintained • Meaningful scale in Northwest DC • In-demand, highly marketable unit mix • Established parking revenue • Significant investment in property operations • Proximity to The Parks at Walter Reed

Market Context

This multifamily in Washington, DC is listed for sale. Compare it against other multifamily listings for sale in Washington, DC — view the full market.

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