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5920 Foote St NE
Washington, DC 20019
Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- 12-unit apartment building in Deanwood with strong value-add potential through upgrades and repositioning.
- Large Unit Sizes: Spacious layouts allow for conversions, such as turning one-bedrooms into two-bedrooms, boosting value and returns.
- Near HD Woodson High: Proximity to a modern high school enhances appeal for families, supporting demand for larger units and long-term leases.
- Value-Add Potential: Below-market rents with opportunities to increase income through unit reconfiguration and layout optimization.
- Prime Location: 15-minute walk to Capitol Heights Metro with direct access to bus routes and the broader DMV area.
EXECUTIVE SUMMARY
THE OPPORTUNITY
Foote Flats is a 12-unit multifamily building located in the highly desirable Deanwood neighborhood. This property offers a prime opportunity for value creation though a combination of physical upgrades and repositioning.
SIGNIFICANT VALUE-ADD POTENTIAL
The building offers multiple avenues for increasing revenue. Current rents are well below market levels, with comparable units in the area achieving higher rents. Investors can further capitalize by reconfiguring units, optimizing layouts, and leveraging current vacancies to increase gross rental income.
ABOVE-AVERAGE UNIT SIZES
The units are larger than typical comparables in the area, offering flexibility for a new owner. This additional square footage presents conversion opportunities—such as transforming one-bedroom units into two-bedroom configurations and two-bedrooms into three-bedroom layouts—further enhancing the asset’s value and return on investment.
PRIME, WELL-CONNECTED LOCATION
The Property is located just a 15-minute walk from the Capitol Heights Metro Station and sits directly adjacent to Eastern Avenue, with convenient access to multiple bus routes. This central location offers excellent connectivity across the DMV region, meeting the growing demand for housing options with easy access to public transportation.
PROXIMITY TO HD WOODSON HIGH SCHOOL
The Property’s proximity to HD Woodson High School offers a strategic advantage. Being just a block away from this newly renovated school with modern facilities and active community programs makes the location especially attractive to families. This appeal is likely to drive demand for larger units, foster long-term leases, and enhance the overall neighborhood desirability.
Foote Flats is a 12-unit multifamily building located in the highly desirable Deanwood neighborhood. This property offers a prime opportunity for value creation though a combination of physical upgrades and repositioning.
SIGNIFICANT VALUE-ADD POTENTIAL
The building offers multiple avenues for increasing revenue. Current rents are well below market levels, with comparable units in the area achieving higher rents. Investors can further capitalize by reconfiguring units, optimizing layouts, and leveraging current vacancies to increase gross rental income.
ABOVE-AVERAGE UNIT SIZES
The units are larger than typical comparables in the area, offering flexibility for a new owner. This additional square footage presents conversion opportunities—such as transforming one-bedroom units into two-bedroom configurations and two-bedrooms into three-bedroom layouts—further enhancing the asset’s value and return on investment.
PRIME, WELL-CONNECTED LOCATION
The Property is located just a 15-minute walk from the Capitol Heights Metro Station and sits directly adjacent to Eastern Avenue, with convenient access to multiple bus routes. This central location offers excellent connectivity across the DMV region, meeting the growing demand for housing options with easy access to public transportation.
PROXIMITY TO HD WOODSON HIGH SCHOOL
The Property’s proximity to HD Woodson High School offers a strategic advantage. Being just a block away from this newly renovated school with modern facilities and active community programs makes the location especially attractive to families. This appeal is likely to drive demand for larger units, foster long-term leases, and enhance the overall neighborhood desirability.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.15 AC |
| No. Units | 12 | Building Size | 8,019 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1952 |
| Building Class | C | Parking Ratio | 2/1,000 SF |
| Zoning | RA-1 | ||
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 8,019 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 1952 |
| Parking Ratio | 2/1,000 SF |
| Zoning | RA-1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 5256-0040 | Improvements Assessment | $798,545 CAD |
| Land Assessment | $380,236 CAD | Total Assessment | $1,178,781 CAD |
PROPERTY TAXES
Parcel Number
5256-0040
Land Assessment
$380,236 CAD
Improvements Assessment
$798,545 CAD
Total Assessment
$1,178,781 CAD
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