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6-Unit Apartment Building | Capitol Hill (DC) 1701 E St NE

6 Unit Apartment Building $3,325,000 ($554,167/Unit) 6.74% Cap Rate Washington, DC 20002

Apartment Buildings District of Columbia Washington 1701 E St NE, Washington, DC 20002

Investment Highlights

  • Corner Property
  • Walkable Location
  • 6 - 3 Bedroom Units
  • Off-street Parking

Executive Summary

Welcome to 1701 E Street NE, a unique investment opportunity in a rarely available turn-key 6-Unit 8088 SF Building on Corner Lot with Parking and Strong Cash-flow. Total annual income just over $291K ($24K + monthly), average unit income just over $4049 / month, utilities currently included. Ideal to complete 1031 exchange transactions, TOPA is cleared and a quick closing is possible. Each separately metered unit has an independent circuit panel, CAC, HWH, Laundry and Parking. Relatively new construction (2008) with more recent updates, hardwood floors and double pane windows. Located in the popular Rosedale neighborhood of Capitol Hill along the bustling H Street and Benning Road development corridors. Walk to Rosedale Recreation Center, Pool and Library, Safeway, CVS, Ross, with many shopping and dining options nearby. Bus Lines and Trolley to Locations across the City, Near Future Hechinger Mall & RFK Stadium Development! 86 WALKSCORE, 99 BIKESCORE. Offers encouraged, submit your LOI today.

Attachments

1701 E St NE - FLYER

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $291,552 $36.41
Other Income - -
Vacancy Loss - -
Effective Gross Income $291,552 $36.41
Taxes - -
Operating Expenses $67,500 $8.43
Total Expenses $67,500 $8.43
Net Operating Income $224,052 $27.98

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $291,552
Annual Per SF $36.41
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $291,552
Annual Per SF $36.41
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual $67,500
Annual Per SF $8.43
Total Expenses
Annual $67,500
Annual Per SF $8.43
Net Operating Income
Annual $224,052
Annual Per SF $27.98

Property Facts

Price $3,325,000 Building Class C
Price Per Unit $554,167 Lot Size 0.09 AC
Sale Type Investment Building Size 8,088 SF
Cap Rate 6.74% Average Occupancy 100%
No. Units 6 No. Stories 3
Property Type Multifamily Year Built/Renovated 2008/2009
Property Subtype Apartment Parking Ratio 0.74/1,000 SF
Apartment Style Mid Rise
Price $3,325,000
Price Per Unit $554,167
Sale Type Investment
Cap Rate 6.74%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.09 AC
Building Size 8,088 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 2008/2009
Parking Ratio 0.74/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Washer/Dryer
  • Hardwood Floors
  • Refrigerator
  • Range
  • Tub/Shower
  • Double Pane Windows

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1 3 $4,049 1,300
3+2 3 $4,049 1,300

Links

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Walk Score ®
Very Walkable (86)
Transit Score ®
Excellent Transit (73)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 4546-0139 Total Assessment $890,240 (2024)
Land Assessment $577,250 (2024) Annual Taxes $0 ($0.00/SF)
Improvements Assessment $312,990 (2024) Tax Year 2023 Payable 2024

PROPERTY TAXES

Parcel Number
4546-0139
Land Assessment
$577,250 (2024)
Improvements Assessment
$312,990 (2024)
Total Assessment
$890,240 (2024)
Annual Taxes
$0 ($0.00/SF)
Tax Year
2023 Payable 2024

zoning

Zoning Code RF-1
RF-1
(202) 270-6368

Contact

  • Listing ID: 32212290

  • Date on Market: 6/21/2024

  • Last Updated:

  • Address: 1701 E St NE, Washington, DC 20002

More public record information on 1701 E St NE, Washington, DC 20002

The Multifamily Property at 1701 E St NE, Washington, DC 20002 is currently available for sale. Contact Berkshire Hathaway PenFed Realty for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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1701 E St NE, Washington, DC for sale Building Photo- Image 1 of 32
1701 E St NE
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1701 E St NE
1701 E St NE, Washington, DC for sale Building Photo- Image 3 of 32
6 Parking Spaces
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Rear
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Side
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1701 E St NE
1701 E St NE, Washington, DC for sale Building Photo- Image 7 of 32
Side
1701 E St NE, Washington, DC for sale Building Photo- Image 8 of 32
Rear Balconies & Parking
1701 E St NE, Washington, DC for sale Building Photo- Image 9 of 32
1701 E St NE Entry
1701 E St NE, Washington, DC for sale Building Photo- Image 10 of 32
6-Units
1701 E St NE, Washington, DC for sale Building Photo- Image 11 of 32
Residential Entry
1701 E St NE, Washington, DC for sale Building Photo- Image 12 of 32
Interior 3-Level Staircase
1701 E St NE, Washington, DC for sale Building Photo- Image 13 of 32
Staircase Skylight
1701 E St NE, Washington, DC for sale Building Photo- Image 14 of 32
East Tier Living Room
1701 E St NE, Washington, DC for sale Building Photo- Image 15 of 32
East Tier Kitchen
1701 E St NE, Washington, DC for sale Building Photo- Image 16 of 32
East Tier Bathroom #1
1701 E St NE, Washington, DC for sale Building Photo- Image 17 of 32
East Tier Bedroom
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East Tier Bedroom
1701 E St NE, Washington, DC for sale Building Photo- Image 19 of 32
East Tier Bedroom
1701 E St NE, Washington, DC for sale Building Photo- Image 20 of 32
West Tier Entry
1701 E St NE, Washington, DC for sale Building Photo- Image 21 of 32
West Tier Living Room
1701 E St NE, Washington, DC for sale Building Photo- Image 22 of 32
West Tier Living Room
1701 E St NE, Washington, DC for sale Building Photo- Image 23 of 32
West Tier Bathroom #1
1701 E St NE, Washington, DC for sale Building Photo- Image 24 of 32
West Tier Primary Bedroomroom
1701 E St NE, Washington, DC for sale Building Photo- Image 25 of 32
West Tier Bathroom #2
1701 E St NE, Washington, DC for sale Building Photo- Image 26 of 32
West Tier Bedroom
1701 E St NE, Washington, DC for sale Building Photo- Image 27 of 32
Rear
1701 E St NE, Washington, DC for sale Floor Plan- Image 28 of 32
E Street NE 1701 East Tier
1701 E St NE, Washington, DC for sale Floor Plan- Image 29 of 32
E Street NE 1701 West Tier
1701 E St NE, Washington, DC for sale Site Plan- Image 30 of 32
E Street NE 1701 Unit 3
1701 E St NE, Washington, DC for sale Site Plan- Image 31 of 32
E Street NE 1701 Unit 6

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6-Unit Apartment Building | Capitol Hill (DC) | 1701 E St NE
(202) 270-6368 x

6-Unit Apartment Building | Capitol Hill (DC) | 1701 E St NE

Peter Grimm

(202) 270-6368

(202) 270-6368

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