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2822 28th St SE 6 Unit Apartment Building $2,093,880 CAD ($348,980 CAD/Unit) 9% Cap Rate Washington, DC 20020
INVESTMENT HIGHLIGHTS
- Renovated Units with all Hardwood Flooring
- Local Parks and Recreational Facilities
- Lots of Natural Light and On-site Parking
EXECUTIVE SUMMARY
Introducing an exceptional investment opportunity in Washington, DC! Welcome to 2822 28th Street, SE a charming multifamily property with six units, located in the sought-after area of Washington, DC. This well-maintained building, constructed in 1943, boasts a total of 4,658 square feet and sits on a land area of 4,481 square feet. Featuring a mix of spacious 1 and 2-bedroom units, the property offers a lucrative investment with a projected cap rate of 8.11%. With a market cap rate of 5%, this property presents a compelling opportunity for investors seeking stable returns.
The units are projected to yield an annual total income of $169,800. This property is not just a place to live but also a savvy investment choice in a prime location. Residents will enjoy the added convenience of three dedicated parking spaces. Ideally located, this property is just steps from the lush expanses of Dupont Park and the scenic beauty of Hillcrest Garden, making it perfect for outdoor enthusiasts. For the active nature lovers, the proximity to the George Washington Carver Nature Trail offers a tranquil escape into the area's natural beauty. The Anacostia Neighborhood Library, with its wealth of resources and community programs, is also nearby.
Whether you're an investor aiming to expand your portfolio or seeking a multifamily property with strong income potential, this apartment building provides an unparalleled opportunity. Don't miss the chance to own and add a valuable asset to your portfolio in the vibrant DC market!
The units are projected to yield an annual total income of $169,800. This property is not just a place to live but also a savvy investment choice in a prime location. Residents will enjoy the added convenience of three dedicated parking spaces. Ideally located, this property is just steps from the lush expanses of Dupont Park and the scenic beauty of Hillcrest Garden, making it perfect for outdoor enthusiasts. For the active nature lovers, the proximity to the George Washington Carver Nature Trail offers a tranquil escape into the area's natural beauty. The Anacostia Neighborhood Library, with its wealth of resources and community programs, is also nearby.
Whether you're an investor aiming to expand your portfolio or seeking a multifamily property with strong income potential, this apartment building provides an unparalleled opportunity. Don't miss the chance to own and add a valuable asset to your portfolio in the vibrant DC market!
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$212,738
|
$45.67
|
| Other Income |
$2,513
|
$0.54
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$215,251
|
$46.21
|
| Taxes |
$11,028
|
$2.37
|
| Operating Expenses |
$13,261
|
$2.85
|
| Total Expenses |
$24,289
|
$5.21
|
| Net Operating Income |
$190,962
|
$41.00
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $212,738 |
| Annual Per SF | $45.67 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,513 |
| Annual Per SF | $0.54 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $215,251 |
| Annual Per SF | $46.21 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,028 |
| Annual Per SF | $2.37 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,261 |
| Annual Per SF | $2.85 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $24,289 |
| Annual Per SF | $5.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $190,962 |
| Annual Per SF | $41.00 |
PROPERTY FACTS
| Price | $2,093,880 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $348,980 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 9% | Building Size | 4,658 SF |
| Gross Rent Multiplier | 8.8 | Average Occupancy | 0% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1943/2021 |
| Property Subtype | Apartment | Parking Ratio | 0.64/1,000 SF |
| Zoning | RA-1 | ||
| Price | $2,093,880 CAD |
| Price Per Unit | $348,980 CAD |
| Sale Type | Investment |
| Cap Rate | 9% |
| Gross Rent Multiplier | 8.8 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,658 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1943/2021 |
| Parking Ratio | 0.64/1,000 SF |
| Zoning | RA-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Deck
- Double Pane Windows
- Vinyl Flooring
- Large Bedrooms
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 768 |
| 2+1 | 4 | - | 880 |
1 1
Walk Score®
Very Walkable (76)
Transit Score®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 5729W-0006 | Total Assessment | $1,131,758 CAD (2025) |
| Land Assessment | $368,479 CAD (2025) | Annual Taxes | $11,028 CAD ($2.37 CAD/SF) |
| Improvements Assessment | $763,279 CAD (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5729W-0006
Land Assessment
$368,479 CAD (2025)
Improvements Assessment
$763,279 CAD (2025)
Total Assessment
$1,131,758 CAD (2025)
Annual Taxes
$11,028 CAD ($2.37 CAD/SF)
Tax Year
2023
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2822 28th St SE
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