Unlock the potential of this 9-unit multifamily investment in the growing Deanwood neighborhood of Northeast Washington, DC. 100% occupied, this income-producing property generates $10,217 in gross monthly income, offers an attractive 10% cap rate, and delivers positive cash flow from day one. This is an excellent opportunity for investors seeking immediate income with the potential to increase value through strategic improvements. With full occupancy already in place, the property provides a solid foundation for future renovations, operational enhancements, or long-term hold strategies. Conveniently located near the Deanwood Metro Station (Orange Line), the property offers easy access to Downtown Washington, DC, Capitol Hill, and surrounding Maryland communities. Residents also benefit from nearby Metrobus service, Minnesota Avenue, East Capitol Street, Route 50, and I-295, making commuting simple and convenient. The surrounding neighborhood features Marvin Gaye Park, the Deanwood Recreation Center, the Deanwood Neighborhood Library, local shopping, restaurants, schools, and continued public and private investment that has contributed to the area's ongoing revitalization. Whether you're looking to expand your portfolio with a stable, cash-flowing asset or capitalize on the neighborhood's future growth, this Deanwood apartment building presents a compelling investment opportunity with both immediate income and long-term upside.
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Zillow last checked:
Listing updated:
Listed by:
Sonya Abney301-335-8380,
Cosmopolitan Properties Real Estate Brokerage,
Co-Listing Agent: Sandra B Michael240-398-1999,
Cosmopolitan Properties Real Estate Brokerage
Source: Bright MLS,MLS#: DCDC2276422
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 12
Heating
Radiator, Natural Gas
Cooling
Window Unit(s), Electric
Appliances
Included: Gas Water Heater
Features
Has fireplace: No
Interior area
Total structure area: 5,954
Total interior livable area: 5,954 sqft
Property
Parking
Parking features: On Street
Has uncovered spaces: Yes
Accessibility
Accessibility features: None
Features
Pool features: None
Lot
Size: 6,250 Square Feet
Features: Unknown Soil Type
Details
Additional structures: Above Grade
Parcel number: 5199//0815
Zoning: MULTI-FAMILY
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Traditional
Property subtype: Multi Family
Materials
Brick
Foundation: Brick/Mortar
Condition
New construction: No
Year built: 1953
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Subdivision: Deanwood
Location
Region: Washington
Financial & listing details
Price per square foot: $147/sqft
Tax assessed value: $1,288,080
Annual tax amount: $9,090
Date on market: 7/29/2026
Listing agreement: Exclusive Right To Sell
Ownership: Fee Simple
Sonya Abney
Sonya Abney
(301) 335-8380
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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