Twelve Unit Apartment, Shaw Submarket — Sale in Washington, DC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Washington, DC 20001

Investment Figures

Cap rate
6.62%

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 present 1631 6th Street NW, a 12-unit multifamily investment opportunity located in the highly desirable Shaw neighborhood of Northwest Washington, D.C. Built in 1954 and fully renovated in 2018, this asset offers investors a rare opportunity to acquire a well maintained multifamily building with strong in-place income, minimal deferred maintenance, and continued rental upside in one of the District’s most dynamic submarkets. The property consists of 12 well-designed residential units featuring a mix of one-bedroom and two-bedroom layouts, with an average unit size of approximately 548 square feet for the one-bedroom and 680 square feet for the two-bedroom. The building encompasses approximately 8,974 rentable square feet and sits on a 0.12-acre lot. Units are thoughtfully designed to appeal to today’s urban renter, supporting strong occupancy and consistent rental demand. 1631 6th Street NW is currently generating $273,000 in gross rental income, equating to a 6.62% CAP rate. Through modest rent increases to align with market levels, an investor can achieve a projected gross rental income of $284,898 with a 6.95% CAP rate in one year with moderate rental increases. 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. Strategically located in the Shaw neighborhood, the property offers residents immediate access to a vibrant mix of retail, dining, and entertainment options along 14th Street NW and U Street Corridor. The property is located 3 blocks from Shaw-Howard U. metro, and five blocks from the Mount Vernon Square metro, providing connectivity to major employment hubs throughout Washington, D.C. This strong transit orientation, combined with continued neighborhood investment and limited new supply of comparable boutique assets, supports long-term rental growth and asset apprec

Market Context

This multifamily in Washington, DC is listed for sale. It is offered at an approximate 6.6% capitalization rate, a key benchmark for income-producing multifamily assets. 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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