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2920 P St SE
Washington, DC 20020
Multifamily Property For Sale
·
5 Units
EXECUTIVE SUMMARY
THE OPPORTUNITY
2920 P Street SE is a five-unit multifamily property located just off Pennsylvania Avenue, one of DC’s main thoroughfares. The building features large 750 SF units with strong in-place cash flow averaging $1,384 per month and clear potential for additional upside. Positioned in a high-demand submarket, the asset offers both immediate income and long-term value.
PRIME LOCATION WITH EXCELLENT CONNECTIVITY
Situated directly off of Pennsylvania Avenue SE, the Property provides seamless access to major highways, including I-295 (10 minutes) and I-495 (15 minutes). Additionally, it is just one mile from the Naylor Road Metro Station (Green Line), offering direct connections to Downtown Washington, DC, Union Station, and Reagan National Airport.
STRONG IN-PLACE CASH FLOW WITH SIGNIFICANT UPSIDE
The property is fully leased with two-bedroom units averaging $1,383 per month, generating immediate and stable cash flow. There is strong future upside, with the potential to increase rents by more than 20%. Additional long-term value can be unlocked by reconfiguring existing layouts.
NEARBY DEVELOPMENT
The Penn Branch Shopping Center in Southeast D.C. has transformed into a vibrant, mixed-use hub featuring retail, dining, and office spaces. Anchored by tenants like Chipotle and Planet Fitness, it revitalizes the community with modern amenities and local businesses.
NEARBY ELEMENTARY SCHOOL
Randle Highlands Elementary School adds strong community value to nearby properties, offering a well-rated educational option within walking distance. Its commitment to academic excellence and student support makes the area especially appealing to families, boosting neighborhood desirability and long-term investment potential for homebuyers.
2920 P Street SE is a five-unit multifamily property located just off Pennsylvania Avenue, one of DC’s main thoroughfares. The building features large 750 SF units with strong in-place cash flow averaging $1,384 per month and clear potential for additional upside. Positioned in a high-demand submarket, the asset offers both immediate income and long-term value.
PRIME LOCATION WITH EXCELLENT CONNECTIVITY
Situated directly off of Pennsylvania Avenue SE, the Property provides seamless access to major highways, including I-295 (10 minutes) and I-495 (15 minutes). Additionally, it is just one mile from the Naylor Road Metro Station (Green Line), offering direct connections to Downtown Washington, DC, Union Station, and Reagan National Airport.
STRONG IN-PLACE CASH FLOW WITH SIGNIFICANT UPSIDE
The property is fully leased with two-bedroom units averaging $1,383 per month, generating immediate and stable cash flow. There is strong future upside, with the potential to increase rents by more than 20%. Additional long-term value can be unlocked by reconfiguring existing layouts.
NEARBY DEVELOPMENT
The Penn Branch Shopping Center in Southeast D.C. has transformed into a vibrant, mixed-use hub featuring retail, dining, and office spaces. Anchored by tenants like Chipotle and Planet Fitness, it revitalizes the community with modern amenities and local businesses.
NEARBY ELEMENTARY SCHOOL
Randle Highlands Elementary School adds strong community value to nearby properties, offering a well-rated educational option within walking distance. Its commitment to academic excellence and student support makes the area especially appealing to families, boosting neighborhood desirability and long-term investment potential for homebuyers.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.07 AC |
| No. Units | 5 | Building Size | 4,932 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1939 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R-1-B | ||
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,932 SF |
| No. Stories | 3 |
| Year Built | 1939 |
| Opportunity Zone |
Yes |
| Zoning | R-1-B |
PROPERTY TAXES
| Parcel Number | 5547-0845 | Improvements Assessment | $372,907 CAD |
| Land Assessment | $240,822 CAD | Total Assessment | $613,729 CAD |
PROPERTY TAXES
Parcel Number
5547-0845
Land Assessment
$240,822 CAD
Improvements Assessment
$372,907 CAD
Total Assessment
$613,729 CAD
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