This stabilized 6-unit multi-family asset at 5501 Foote St NE offers a premier investment opportunity in the high-growth Deanwood corridor, currently operating at 66% occupancy with average rents of $1,725 and a consistent 12% year-over-year rental growth. The property features a resilient mix of market-rate and voucher-assisted units, providing immediate cash flow while offering the flexibility to either lease up the remaining vacant units as-is or renovate them to further maximize market rents. With a clear path to an estimated 9% Cap Rate upon full stabilization, this building is perfectly positioned to capture significant upside in one of DC’s most rapidly appreciating submarkets.
For sale
Price cut: $50K (6/2)
$1,150,000
5501 Foote St NE, Washington, DC 20019
8beds
4baths
3,540sqft
Multi Family
Built in 1960
-- sqft lot
$1,122,900 Zestimate®
$325/sqft
$-- HOA
What's special
- 105 days |
- 94 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Mr. Santiago Noguera 703-376-7675,
Fairfax Realty of Tysons
Source: Bright MLS,MLS#: DCDC2259728
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 3,540
- Total interior livable area: 3,540 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 2,614 Square Feet
- Features: Unknown Soil Type
Details
- Additional structures: Above Grade
- Parcel number: 5225//0020
- Zoning: R2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Masonry
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Washington
Financial & listing details
- Price per square foot: $325/sqft
- Tax assessed value: $406,590
- Annual tax amount: $3,456
- Date on market: 5/4/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
- Total actual rent: 82800
- Income includes: Apartment Rentals
Estimated market value
Zestimate®
$1,122,900
Estimated sales range
$1.07M - $1.18M
Rent Zestimate®
$2,060/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/2/2026 | Listing removed | $1,750 |
Source: Zillow Rentals Report a problem | ||
| 7/11/2026 | Listed for rent | $1,750 |
Source: Zillow Rentals Report a problem | ||
| 7/11/2026 | Listing removed | $1,750 |
Source: Zillow Rentals Report a problem | ||
| 6/2/2026 | Price change | $1,150,000-4.2%$325/sqft |
Source: | ||
| 5/4/2026 | Listed for sale | $1,200,000$339/sqft |
Source: | ||
| 1/24/2026 | Listed for rent | $1,750 |
Source: Zillow Rentals Report a problem | ||
| 1/23/2026 | Listing removed | $1,750 |
Source: Zillow Rentals Report a problem | ||
| 12/25/2025 | Listed for rent | $1,750 |
Source: Zillow Rentals Report a problem | ||
| 11/18/2025 | Listing removed | $1,750 |
Source: Zillow Rentals Report a problem | ||
| 6/18/2025 | Listed for rent | $1,750 |
Source: Zillow Rentals Report a problem | ||
| 1/31/2025 | Listing removed | $1,750 |
Source: Zillow Rentals Report a problem | ||
| 8/31/2024 | Listed for rent | $1,750 |
Source: Zillow Rentals Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: East Corner
Nearby schools
GreatSchools rating
- 3/10Drew Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 3/10Kelly Miller Middle SchoolGrades: 6-8Distance: 0.6 mi
- 4/10H.D. Woodson High SchoolGrades: 9-12Distance: 0.1 mi
Schools provided by the listing agent
- High: H.d. Woodson
- District: District Of Columbia Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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