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438 19th St NE
Washington, DC 20002
438 19th Street NE Washington DC 20002 · Multifamily Property For Sale
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2 Units
Executive Summary
Sellers are motivated so make an offer. Exceptional and separately metered 2-unit property in pristine condition—ideal for investors seeking strong rental income and long-term growth. The building has a townhouse with 5-bedrooms 2 baths and a new construction townhouse with 8 bedrooms and 2 baths. They are fully self-contained, and each unit has its own HVAC and hot water heaters. It is separately metered for electric. Currently 100% leased out to Section 8 tenants for guaranteed income! This is a cash cow! Own a piece of this up-and-coming neighborhood with a ton of construction going on and your investment will only increase in value. TOPA has not been issued. Leases, CofO and P&L available within the study period.
Property Facts
| Price Per Unit | $973,119 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8.39% | Building Size | 5,617 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2021 |
| Apartment Style | Low-Rise | Parking Ratio | 0.29/1,000 SF |
| Price Per Unit | $973,119 CAD |
| Sale Type | Investment |
| Cap Rate | 8.39% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,617 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2021 |
| Parking Ratio | 0.29/1,000 SF |
Amenities
Site Amenities
- Recycling
- Trash Pickup - Curbside
- Wi-Fi
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 8+2 | 1 | $10,149 CAD | 2,000 |
| 5+2 | 1 | $8,004 CAD | 1,478 |
Property Taxes
| Parcel Number | 4547-0088 | Improvements Assessment | $1,106,836 CAD |
| Land Assessment | $662,116 CAD | Total Assessment | $1,768,952 CAD |
Property Taxes
Parcel Number
4547-0088
Land Assessment
$662,116 CAD
Improvements Assessment
$1,106,836 CAD
Total Assessment
$1,768,952 CAD
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