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Randle Circle Apartments

4 Multifamily Properties Offered at $3,210,000 in Washington, DC

Investment Highlights

  • Stabilized Asset with Rent Growth Potential
  • Long-Term Ownership By An Award-Winning Development & Property Management Company
  • Recent Capital Expenditures Completed
  • Located Near Convergence of Hillcrest, Dupont Park, and Fort Dupont
  • Flexibility in Exit Strategy & Immediate Value Creation
  • Nearby Public Transportation

Executive Summary

Horvath & Tremblay is pleased to present the exclusive sale of Randle Circle Apartments, a 31-unit multifamily community in Southeast Washington, DC just steps from Fort Dupont Park (the “Property”). Randle Circle Apartments is situated in the Penn Branch neighborhood, which is a convergence of Hillcrest, Dupont Park, and Fort Dupont, tucked away in a residential enclave west of Minnesota Avenue. Positioned along a treelined street in a residential neighborhood, the Randle Circle Apartments offers convenient access to Anacostia Park, Fort Circle Park, the area’s major employers, schools, shopping, entertainment venues, and highways. Randle Circle Apartments consists of approximately 28,000 gross square feet within four adjacent buildings. 3017, 3019, and 3023 Massachusetts Avenue SE are two-story brick multifamily buildings, and 3035 Massachusetts Avenue SE is a three-story plus basement brick multifamily building. Randle Circle Apartments contains nineteen (19) one bedroom units, four (4) one-bedroom with den units, and eight (8) two bedroom units on a combined 0.49-acres of land (21,303 square feet). The well-maintained buildings offer an on-site laundry facility and a private setting with attractive green space.

Property Facts

Price $3,210,000
Price / SF $207.77 / SF
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 15,450 SF
Total Land Area 0.49 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
3017 Massachusetts Ave SE, Washington, DC 20019 Multifamily 3,200 SF 1942 -
3019 Massachusetts Ave SE, Washington, DC 20019 Multifamily 3,200 SF 1942 -
3023 Massachusetts Ave SE, Washington, DC 20019 Multifamily 3,200 SF 1942 -
3035 Massachusetts Ave SE, Washington, DC 20019 Multifamily 5,850 SF 1942 -
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  • Listing ID: 33741164

  • Date on Market: 11/4/2024

  • Last Updated:

  • Address: Randle Circle Apartments, Washington, DC

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