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245-249 8th Street NE 245-249 8th St NE 11 Unit Apartment Building $3,996,142 CAD ($363,286 CAD/Unit) Washington, DC 20002
Investment Highlights
- RENT CONTROL EXEMPT (POST-1978 CONSTRUCTION)
- 90.9% VACANT - "BLANK CANVAS OPPORTUNITY"
- OFF-STREET PARKING (4 SPACES)
- PREMIER CAPITOL HILL LOCATION WITH TRANSFORMATIONAL GROWTH CATALYSTS
- SEPARATELY-METERED UTILITIES & SELF-CONTAINED UNITS
- TRANSIT-ORIENTED CONNECTIVITY
Executive Summary
BANKRUPTCY SALE
Court-Approved Sale Pursuant to Chapter 11 Bankruptcy Proceedings The Property is being marketed for sale on behalf of the debtor pursuant to Chapter 11 bankruptcy proceedings, with Horvath & Tremblay retained as exclusive marketing agent and approved by the United States Bankruptcy Court for the District of Columbia. The sale will be subject to Bankruptcy Court approval, providing a transparent, court-supervised process for all qualified bidders.
A sale pursuant to Chapter 11 offers several potential advantages to buyers, including:
Enhanced Title Certainty: The transaction is expected to be completed free and clear of liens, claims, and encumbrances under Section 363 of the Bankruptcy Code, subject to court approval, providing buyers with a high degree of comfort regarding title.
Structured and Transparent Process: The court-supervised sale process ensures clearly defined procedures, timelines, and bidding protocols, creating a level playing field for all participants.
Reduced Post-Closing Risk: Court approval of the transaction can mitigate certain post-closing risks, as the sale terms and transfer are vetted and authorized through the bankruptcy process.
Horvath & Tremblay is pleased to present 245–249 8th Street NE (the “Property”), a strategically located multifamily asset in the heart of Capitol Hill—one of Washington, DC’s most established and supply-constrained residential submarkets. Positioned just eight blocks east of the United States Capitol, the Property benefits from proximity to a globally significant employment center that consistently drives strong rental demand.
The asset is being offered with significant physical vacancy, providing a rare opportunity for investors to execute a business plan without displacement constraints. Combined with its irreplaceable location, favorable utility structure, and exemption from Washington, DC rent control, the Property represents a compelling investment for both local and out-of-market capital seeking flexibility and long-term upside
Court-Approved Sale Pursuant to Chapter 11 Bankruptcy Proceedings The Property is being marketed for sale on behalf of the debtor pursuant to Chapter 11 bankruptcy proceedings, with Horvath & Tremblay retained as exclusive marketing agent and approved by the United States Bankruptcy Court for the District of Columbia. The sale will be subject to Bankruptcy Court approval, providing a transparent, court-supervised process for all qualified bidders.
A sale pursuant to Chapter 11 offers several potential advantages to buyers, including:
Enhanced Title Certainty: The transaction is expected to be completed free and clear of liens, claims, and encumbrances under Section 363 of the Bankruptcy Code, subject to court approval, providing buyers with a high degree of comfort regarding title.
Structured and Transparent Process: The court-supervised sale process ensures clearly defined procedures, timelines, and bidding protocols, creating a level playing field for all participants.
Reduced Post-Closing Risk: Court approval of the transaction can mitigate certain post-closing risks, as the sale terms and transfer are vetted and authorized through the bankruptcy process.
Horvath & Tremblay is pleased to present 245–249 8th Street NE (the “Property”), a strategically located multifamily asset in the heart of Capitol Hill—one of Washington, DC’s most established and supply-constrained residential submarkets. Positioned just eight blocks east of the United States Capitol, the Property benefits from proximity to a globally significant employment center that consistently drives strong rental demand.
The asset is being offered with significant physical vacancy, providing a rare opportunity for investors to execute a business plan without displacement constraints. Combined with its irreplaceable location, favorable utility structure, and exemption from Washington, DC rent control, the Property represents a compelling investment for both local and out-of-market capital seeking flexibility and long-term upside
Property Facts
| Price | $3,996,142 CAD | Building Class | B |
| Price Per Unit | $363,286 CAD | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 8,016 SF |
| No. Units | 11 | Average Occupancy | 54% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1987 |
| Apartment Style | Low-Rise | Parking Ratio | 0.5/1,000 SF |
| Zoning | RF-1 | ||
| Price | $3,996,142 CAD |
| Price Per Unit | $363,286 CAD |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 8,016 SF |
| Average Occupancy | 54% |
| No. Stories | 3 |
| Year Built | 1987 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | RF-1 |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 0917-0119 | Improvements Assessment | $2,708,754 CAD |
| Land Assessment | $737,570 CAD | Total Assessment | $3,446,323 CAD |
Property Taxes
Parcel Number
0917-0119
Land Assessment
$737,570 CAD
Improvements Assessment
$2,708,754 CAD
Total Assessment
$3,446,323 CAD
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