311 A Street NE — Sale in Washington, DC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Washington, DC 20002

Photos

311 A Street NE — Sale in Washington, DC, photo 1 of 5
311 A Street NE — Sale in Washington, DC, photo 2 of 5
311 A Street NE — Sale in Washington, DC, photo 3 of 5
311 A Street NE — Sale in Washington, DC, photo 4 of 5
311 A Street NE — Sale in Washington, DC, photo 5 of 5

Investment Figures

Cap rate
8.50%

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 present 311 A Street NE, a four-unit boutique investment opportunity comprising three residences within the main building and a separate carriage house. Located in the heart of Capitol Hill, one of Washington, DC’s most prestigious and supply-constrained neighborhoods, the offering represents a rare opportunity to acquire a fully furnished asset with a proven corporate-housing model generating premium rental income. The Property is ideally positioned just off East Capitol Street, steps from the U.S. Capitol, Supreme Court, Library of Congress, and Eastern Market, placing it at the center of one of the most demand-driven rental markets in the city. With a diversified mix of studio, one-bedroom, and two-bedroom residences, 311 A Street appeals to a broad base of government, legal, consulting, and internship tenants. The asset combines an irreplaceable location, established furnished-rental operations, and multiple execution strategies, including continued short- to mid-term rentals or conversion to traditional multifamily use. 311 A Street presents a unique opportunity to acquire a turnkey investment property offering immediate income, operational flexibility, and long-term appreciation potential in a blue-chip location. Investment Highlights: • Irreplaceable Capitol Hill location steps from U.S. Capitol & Supreme Court • TOPA-free structure provides enhanced execution certainty • Diversified unit mix appeals to a broad tenant base • Turnkey, fully furnished asset with immediate income continuity • Premium ADR-driven income significantly outpaces traditional rents • Proven corporate-housing model with established demand • Main building and separate carriage house provide distinctive appeal • Multiple leasing strategies provide flexibility and risk mitigation

Market Context

This multifamily in Washington, DC is listed for sale. It is offered at an approximate 8.5% 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.

Contact

Explore this market

Similar Multifamily Property for Sale in Washington, DC