Marcus & Millichap is pleased to exclusively present a fully renovated two-unit apartment buildings located at 1911 8th Street NW (2 -2BR/2 BA) in the highly desirable Shaw submarket of Northwest Washington, D.?C.? The offering represents a rare opportunity to acquire a renovated multifamily asset with strong in-place cash flow, multiple exit strategies, and long-term appreciation upside in one of the District’s most resilient rental markets.?There is also an opportunity to purchase a renovated four unit at 543 Florida Avenue NW. This asset has undergone substantial renovations, including modernized interiors and upgraded building systems, reducing near-term capital expenditure risk and providing immediate operational stability.? From a financial standpoint, the property delivers an attractive CAP rate of 7.00%, This two-unit building also present an exceptional opportunity for owner-occupants seeking to offset housing costs through rental income.? FHA financing is available for qualified buyers.? In Washington, D.?C.?, the 2026 FHA loan limit for a four-unit property is approximately $2.4 million, allowing buyers to acquire this asset with low down payment requirements while benefiting from market-rate rents.? With close proximity to Howard University, this opportunity is also well-suited for parents purchasing housing for a student while renting the remaining units to fellow students or young professionals.? This strategy enables parents to convert housing expenses into a long-term investment, offset ownership costs through rental income, and retain a highly marketable asset upon graduation.? The unit layouts, neighborhood amenities, and transit access align well with student and early-career renter demand, making this a compelling alternative to traditional student housing or condominium ownership.
24 days
|
565
|
28
|
Zillow last checked:
Listing updated:
Listed by:
Lorenzo Wooten202-536-3742,
Marcus & Millichap Real Estate
Source: Bright MLS,MLS#: DCDC2276712
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 2
Basement
Area: 0
Heating
Forced Air, Electric
Cooling
Central Air
Appliances
Included: Water Heater
Features
9'+ Ceilings
Flooring: Hardwood
Has basement: No
Has fireplace: No
Interior area
Total structure area: 3,884
Total interior livable area: 1,942 sqft
Property
Parking
Parking features: None
Accessibility
Accessibility features: None
Features
Pool features: None
Lot
Size: 1,742 Square Feet
Features: Gravel
Details
Additional structures: Above Grade, Below Grade
Parcel number: 0416//2002
Zoning: RA
Zoning description: Residential
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Traditional
Property subtype: Townhouse
Materials
Brick
Foundation: Slab
Roof: Architectural Shingle
Condition
Good
New construction: No
Year built: 1920
Major remodel year: 2016
Utilities & green energy
Electric: 200+ Amp Service
Sewer: Public Sewer
Water: Public
Utilities for property: Water Available, Sewer Available, Broadband