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52 Unit Apartment - 7.95% Proforma CAP Rate 3104 Bruce Pl SE 52 Unit Apartment Building $8,163,400 CAD ($156,988 CAD/Unit) 8.95% Cap Rate Washington, DC 20020
INVESTMENT HIGHLIGHTS
- A 52-Unit Multifamily Property Totaling 27,007 Gross Square Feet Situated on a 1.2-Acre Parcel Zoned RA-1
- Currently 38% Occupied, Providing Significant Value-Add Potential Through Lease-Up and Strategic Renovations
- Located In the Anacostia Subdivision, an Area Undergoing Major Redevelopment and Public Investment
- Diverse Unit Mix: 10 One-Bedroom, 38 Two-Bedroom, and 4 Three-Bedroom Apartments Offering Strong Tenant Appeal
- Projected Year 1 CAP Rate of 8.95% with Opportunity for Additional Return as Occupancy Stabilizes
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to exclusively present 3100–3104 Bruce Place SE and 3035–3037 Stanton Road SE, a 52-unit multifamily offering located in the Anacostia
subdivision of Washington, D.C. Situated on a 1.2-acre parcel and zoned RA-1, the property totals approximately 27,007 SF and features a diverse unit mix of 10 one bedroom,
38 two-bedroom, and 4 three-bedroom apartments.
This opportunity provides investors with significant upside potential, as the property is currently 38% occupied and offers a projected Year 1 CAP Rate of 8.95% upon
stabilization. The scale of the asset, combined with its desirable location and favorable zoning, presents an attractive repositioning or value-add opportunity in one of
Southeast D.C.’s most rapidly evolving neighborhoods.
Anacostia is undergoing substantial public and private investment, driven by redevelopment initiatives and proximity to major transportation and employment hubs.
Residents enjoy convenient access to the Anacostia Metro Station (Green Line), multiple Metrobus routes, and major commuter corridors, including Suitland Parkway
and I-295, connecting Downtown D.C. and Northern Virginia. The property also benefits from its close proximity to the Anacostia Arts Center, the new Frederick
Douglass Memorial Bridge, and the rapidly transforming St. Elizabeth's East Campus—home to the new Entertainment & Sports Arena and the headquarters of the
Department of Homeland Security.
This offering represents a rare opportunity to acquire a well-located, large-scale multifamily property with immediate value-add potential in a submarket positioned for
long-term growth. Investors can capitalize on the ongoing revitalization of Anacostia and the continued influx of investment throughout the Anacostia corridor, making
this an exceptional acquisition for both private and institutional capital seeking strong returns in the Washington, D.C. market.
subdivision of Washington, D.C. Situated on a 1.2-acre parcel and zoned RA-1, the property totals approximately 27,007 SF and features a diverse unit mix of 10 one bedroom,
38 two-bedroom, and 4 three-bedroom apartments.
This opportunity provides investors with significant upside potential, as the property is currently 38% occupied and offers a projected Year 1 CAP Rate of 8.95% upon
stabilization. The scale of the asset, combined with its desirable location and favorable zoning, presents an attractive repositioning or value-add opportunity in one of
Southeast D.C.’s most rapidly evolving neighborhoods.
Anacostia is undergoing substantial public and private investment, driven by redevelopment initiatives and proximity to major transportation and employment hubs.
Residents enjoy convenient access to the Anacostia Metro Station (Green Line), multiple Metrobus routes, and major commuter corridors, including Suitland Parkway
and I-295, connecting Downtown D.C. and Northern Virginia. The property also benefits from its close proximity to the Anacostia Arts Center, the new Frederick
Douglass Memorial Bridge, and the rapidly transforming St. Elizabeth's East Campus—home to the new Entertainment & Sports Arena and the headquarters of the
Department of Homeland Security.
This offering represents a rare opportunity to acquire a well-located, large-scale multifamily property with immediate value-add potential in a submarket positioned for
long-term growth. Investors can capitalize on the ongoing revitalization of Anacostia and the continued influx of investment throughout the Anacostia corridor, making
this an exceptional acquisition for both private and institutional capital seeking strong returns in the Washington, D.C. market.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,212,401
|
$21.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$36,372
|
$0.65
|
| Effective Gross Income |
$1,176,029
|
$20.87
|
| Taxes |
$41,967
|
$0.74
|
| Operating Expenses |
$403,491
|
$7.16
|
| Total Expenses |
$445,458
|
$7.90
|
| Net Operating Income |
$730,571
|
$12.96
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,212,401 |
| Annual Per SF | $21.51 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $36,372 |
| Annual Per SF | $0.65 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,176,029 |
| Annual Per SF | $20.87 |
| Taxes (CAD) | |
|---|---|
| Annual | $41,967 |
| Annual Per SF | $0.74 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $403,491 |
| Annual Per SF | $7.16 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $445,458 |
| Annual Per SF | $7.90 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $730,571 |
| Annual Per SF | $12.96 |
PROPERTY FACTS
| Price | $8,163,400 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $156,988 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.20 AC |
| Cap Rate | 8.95% | Building Size | 56,358 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 38% |
| Gross Rent Multiplier | 6.94 | No. Stories | 3 |
| No. Units | 52 | Year Built/Renovated | 1965/2020 |
| Property Type | Multifamily | Parking Ratio | 0.35/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RA-1 - "RA" can stand for "Residential Apartment" zone, which permits a mix of housing types like apartments, rowhouses, and detached homes | ||
| Price | $8,163,400 CAD |
| Price Per Unit | $156,988 CAD |
| Sale Type | Investment |
| Cap Rate | 8.95% |
| Sale Condition | High Vacancy Property |
| Gross Rent Multiplier | 6.94 |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.20 AC |
| Building Size | 56,358 SF |
| Average Occupancy | 38% |
| No. Stories | 3 |
| Year Built/Renovated | 1965/2020 |
| Parking Ratio | 0.35/1,000 SF |
| Zoning | RA-1 - "RA" can stand for "Residential Apartment" zone, which permits a mix of housing types like apartments, rowhouses, and detached homes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Yard
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Bicycle Storage
- Elevator
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 650 |
| 2+1 | 38 | - | 800 |
| 3+3 | 4 | - | 900 |
1 1
Transit Score®
Excellent Transit (73)
PROPERTY TAXES
| Parcel Number | 5876-0049 | Total Assessment | $4,956,551 CAD |
| Land Assessment | $2,309,948 CAD | Annual Taxes | $41,967 CAD ($0.74 CAD/SF) |
| Improvements Assessment | $2,646,603 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5876-0049
Land Assessment
$2,309,948 CAD
Improvements Assessment
$2,646,603 CAD
Total Assessment
$4,956,551 CAD
Annual Taxes
$41,967 CAD ($0.74 CAD/SF)
Tax Year
2025
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52 Unit Apartment - 7.95% Proforma CAP Rate | 3104 Bruce Pl SE
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