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2901 Gainesville St SE 12 Unit Apartment Building $1,640,460 CAD ($136,705 CAD/Unit) 5.60% Cap Rate Washington, DC 20020
Investment Highlights
- Located in a rapidly evolving Southeast DC neighborhood positioned for long-term value growth
- Close proximity to major corridors connecting to Capitol Hill, Anacostia, and Downtown DC
- Appealing location for renters seeking affordable living within minutes of central DC
- Surrounded by a strong residential community with demand for quality multifamily housing
- Accessible to nearby Metro stations, bus routes, and essential neighborhood amenities
- Strong opportunity for value-add renovations or repositioning depending on current condition
Executive Summary
Exceptional investment opportunity in Southeast DC! Twelve spacious two-bedroom units located just minutes from downtown, major commuter routes, and public transit. Solid brick construction with classic mid-century architecture. Each apartment offers generous floor plans with separate living and dining areas, ample natural light, and great rental demand in a rapidly developing neighborhood. Ideal for investors seeking stable cash flow or future value-add potential. Close proximity to Metro, shopping, parks, and community amenities. Don't miss this rare chance to acquire a 12-unit multifamily asset in the District.
Property Facts
| Price | $1,640,460 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $136,705 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.60% | Building Size | 11,355 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Zoning | RA-1 - RA-1 zone provides for areas predominantly developed with low-to moderate-density development, including detached dwelling and low-rise apartments. | ||
| Price | $1,640,460 CAD |
| Price Per Unit | $136,705 CAD |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 11,355 SF |
| No. Stories | 3 |
| Year Built | 1952 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | RA-1 - RA-1 zone provides for areas predominantly developed with low-to moderate-density development, including detached dwelling and low-rise apartments. |
Amenities
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 732 |
1 1
Transit Score®
Excellent Transit (74)
Property Taxes
| Parcel Number | 5729-0072 | Improvements Assessment | $987,208 CAD |
| Land Assessment | $670,580 CAD | Total Assessment | $1,657,788 CAD |
Property Taxes
Parcel Number
5729-0072
Land Assessment
$670,580 CAD
Improvements Assessment
$987,208 CAD
Total Assessment
$1,657,788 CAD
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Presented by
Madison Mason Home Group
2901 Gainesville St SE
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