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500 9th St SE 5 Unit Apartment Building $4,086,450 CAD ($817,290 CAD/Unit) 10% Cap Rate Washington, DC 20003
Investment Highlights
- One Block to Barracks Row
- Offered Vacant and Move in Ready
- Two Blocks to Eastern Market/Metro
Executive Summary
A rare opportunity to own a remarkable piece of Washington history. Built in 1848 as a grand private residence, the property was designed by an Italian architect for a U.S. Navy Admiral stationed at the neighboring Naval Hospital. Offered vacant and move-in ready, the building presents exceptional flexibility for investors or developers pursuing a buy-and-hold strategy or condominium conversion, while also offering the rare chance to restore the property to its original and magnificent single-family primary residence.
Spanning three levels, the property currently comprises six residential units, including one one-bedroom/one-bath residence, three two-bedroom/one-bath residences, and two two-bedroom/two-bath residences. The property is completely vacant.
Ideally positioned just one block from Barracks Row and two blocks from Eastern Market Metro, the location offers walkable access to Eastern Market, Capitol Hill offices, the Library of Congress, and Pennsylvania Avenue, with downtown and Reagan National Airport only minutes away.
Spanning three levels, the property currently comprises six residential units, including one one-bedroom/one-bath residence, three two-bedroom/one-bath residences, and two two-bedroom/two-bath residences. The property is completely vacant.
Ideally positioned just one block from Barracks Row and two blocks from Eastern Market Metro, the location offers walkable access to Eastern Market, Capitol Hill offices, the Library of Congress, and Pennsylvania Avenue, with downtown and Reagan National Airport only minutes away.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
| 2+2 | 2 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 0949-0040 | Total Assessment | $3,997,292 CAD (2025) |
| Land Assessment | $640,045 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $3,357,247 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
0949-0040
Land Assessment
$640,045 CAD (2025)
Improvements Assessment
$3,357,247 CAD (2025)
Total Assessment
$3,997,292 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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500 9th St SE
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