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1949 Naylor Rd SE 29 Unit Apartment Building For Sale Washington, DC 20020
Investment Highlights
- New Construction – Limited near-term capital expenditure requirements,Low-Maintenance Asset, new construction reduce immediate renovation needs
- $813K Gross Income – Including residential and parking income,Rent Growth Potential – Opportunity for increasing income as the property stabilizes
- Strong Location & Connectivity – Convenient access to I-295, Capitol Hill, Navy Yard and major employment centers
- 29 Residential Units – Diversified studio, 1BR and 2BR unit mix,
- Modern, Condo-Grade Finishes – Quartz countertops, stainless steel appliances and LVP flooring
- Growing Southeast DC Submarket – Near Skyland Town Center and continued neighborhood investment
Executive Summary
PROPERTY DESCRIPTION
Noble Group is pleased to present 1949 Naylor Rd SE, a newly constructed 29-unit multifamily investment opportunity in Washington, D.C.’s Fairlawn–Anacostia area.
The approximately 19,720 SF property offers a diversified mix of studio, one-bedroom, and two-bedroom residences featuring modern kitchens, stainless steel appliances, dishwashers, microwaves, refrigerators, garbage disposals, in-unit washer/dryers, and electric heating. The new-construction profile provides investors with a modern asset designed for today's rental market while limiting near-term capital improvement requirements.
At stabilization, the property is projected to generate approximately $783,000 in annual residential GPR, plus approximately $30,000 in parking income, resulting in approximately $813,000 in total gross income and $610,658 in stabilized NOI.
The property is strategically positioned near Skyland Town Center and benefits from convenient access to I-295, Capitol Hill, Navy Yard, the Anacostia waterfront, Joint Base Anacostia-Bolling, the U.S. Coast Guard Headquarters, Downtown Washington, D.C., and National Harbor. Nearby public transportation, retail, dining, parks, and continued public and private investment throughout Southeast D.C. further enhance the property's long-term positioning.
1949 Naylor Rd SE offers investors a compelling combination of new construction, strong projected income, modern unit finishes, diversified rental demand, and long-term growth potential in an evolving Washington, D.C. submarket.
Noble Group is pleased to present 1949 Naylor Rd SE, a newly constructed 29-unit multifamily investment opportunity in Washington, D.C.’s Fairlawn–Anacostia area.
The approximately 19,720 SF property offers a diversified mix of studio, one-bedroom, and two-bedroom residences featuring modern kitchens, stainless steel appliances, dishwashers, microwaves, refrigerators, garbage disposals, in-unit washer/dryers, and electric heating. The new-construction profile provides investors with a modern asset designed for today's rental market while limiting near-term capital improvement requirements.
At stabilization, the property is projected to generate approximately $783,000 in annual residential GPR, plus approximately $30,000 in parking income, resulting in approximately $813,000 in total gross income and $610,658 in stabilized NOI.
The property is strategically positioned near Skyland Town Center and benefits from convenient access to I-295, Capitol Hill, Navy Yard, the Anacostia waterfront, Joint Base Anacostia-Bolling, the U.S. Coast Guard Headquarters, Downtown Washington, D.C., and National Harbor. Nearby public transportation, retail, dining, parks, and continued public and private investment throughout Southeast D.C. further enhance the property's long-term positioning.
1949 Naylor Rd SE offers investors a compelling combination of new construction, strong projected income, modern unit finishes, diversified rental demand, and long-term growth potential in an evolving Washington, D.C. submarket.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,085,966
|
$55.45
|
| Other Income |
$41,608
|
$2.12
|
| Vacancy Loss |
$54,298
|
$2.77
|
| Effective Gross Income |
$1,073,276
|
$54.80
|
| Taxes |
$52,703
|
$2.69
|
| Operating Expenses |
$173,633
|
$8.87
|
| Total Expenses |
$226,336
|
$11.56
|
| Net Operating Income |
$846,940
|
$43.24
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,085,966 |
| Annual Per SF | $55.45 |
| Other Income (CAD) | |
|---|---|
| Annual | $41,608 |
| Annual Per SF | $2.12 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $54,298 |
| Annual Per SF | $2.77 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,073,276 |
| Annual Per SF | $54.80 |
| Taxes (CAD) | |
|---|---|
| Annual | $52,703 |
| Annual Per SF | $2.69 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $173,633 |
| Annual Per SF | $8.87 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $226,336 |
| Annual Per SF | $11.56 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $846,940 |
| Annual Per SF | $43.24 |
Property Facts
| Sale Type | Investment | Lot Size | 0.21 AC |
| No. Units | 29 | Building Size | 19,585 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | RA-2 - A Residential Apartment zone that allows for moderate-density apartments and rowhouses | ||
| Sale Type | Investment |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 19,585 SF |
| No. Stories | 4 |
| Year Built | 2022 |
| Opportunity Zone |
Yes |
| Zoning | RA-2 - A Residential Apartment zone that allows for moderate-density apartments and rowhouses |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $2,288 CAD | 550 |
| 1+1 | 7 | $2,566 CAD | 600 |
| 2+1 | 15 | $3,398 CAD | 750 |
| 2+2 | 5 | $3,398 CAD | 850 |
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Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5566-0007 | Total Assessment | $14,914,671 CAD |
| Land Assessment | $278,565 CAD | Annual Taxes | $52,703 CAD ($2.69 CAD/SF) |
| Improvements Assessment | $14,636,106 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5566-0007
Land Assessment
$278,565 CAD
Improvements Assessment
$14,636,106 CAD
Total Assessment
$14,914,671 CAD
Annual Taxes
$52,703 CAD ($2.69 CAD/SF)
Tax Year
2025
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1949 Naylor Rd SE
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