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320 Constitution Ave NE 320 Constitution Ave NE 16 Unité Immeuble d’appartements 4 048 168 $ CAD (253 011 $ CAD/Unité) 6,84% Taux de capitalisation Washington, DC 20002
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FAITS SAILLANTS DE L'INVESTISSEMENT
- A 16-unit Apartment Building With a Desirable Unit Mix Featuring Six One-Bedroom and Ten Studio Apartments With Recent Upgrades
- Located in Capitol Hill, Just Six Blocks From the U.S. Capitol and Senate Offices
- Historically Strong Market-Rate Occupancy With Minimal Turnover
- Recent Capital Improvements Include New Windows, Chillers, Boiler, Water Treatment Units, and a New Water Heater
- Walking Distance to Judiciary Square, L’Enfant Plaza, and Union Station Metro Stations
RÉSUMÉ DE L'ANNONCE
Marcus & Millichap is pleased to represent the owner of 320 Constitution Avenue NE in Washington, D.C, a recently renovated sixteen apartment in the heart of Capitol Hill.
This 10,500 square foot apartment building is located just six blocks from the U.S. Capitol and the Senate office buildings. It is also within walking distance of both the Judiciary Square and L’Enfant Plaza Metro stations, providing tenants with convenient access to the entire D.C. metropolitan area. Recent improvements include newer windows, chillers, a water heater, a boiler, water treatment units, and cosmetic upgrades to 15 of the 16 units.
The property offers a desirable mix of six one-bedroom apartments and ten studio apartments, with each unit being separately metered and featuring hardwood floors, a dedicated cooling system, and access to a shared laundry facility.
320 Constitution Avenue NE provides a new owner with the opportunity to acquire a stabilized asset in the historic Capitol Hill submarket and achieve a CAP rate above 6.00% with the current market-rate tenants. The average rent in this building is $2.46 PSF—below the submarket average of $3.20 PSF for Class C buildings—offering a significant opportunity for a future owner to increase NOI annually.
This asset offers exceptional walkability, providing immediate pedestrian access to Union Station, Amtrak, Eastern Market, three Metro stations, the H Street corridor, Smithsonian museums, the National Mall, the U.S. Botanic Garden, local parks (including Stanton Park and Senate Park), Georgetown Law School, and a wide range of lifestyle amenities.
As a result of these favorable conditions, the property has consistently maintained near-full occupancy with market-rate tenants. Its consistently low vacancy underscores the strength of its irreplaceable location and tenant appeal, aligning well with the submarket’s resilience and long-term value trajectory.
This 10,500 square foot apartment building is located just six blocks from the U.S. Capitol and the Senate office buildings. It is also within walking distance of both the Judiciary Square and L’Enfant Plaza Metro stations, providing tenants with convenient access to the entire D.C. metropolitan area. Recent improvements include newer windows, chillers, a water heater, a boiler, water treatment units, and cosmetic upgrades to 15 of the 16 units.
The property offers a desirable mix of six one-bedroom apartments and ten studio apartments, with each unit being separately metered and featuring hardwood floors, a dedicated cooling system, and access to a shared laundry facility.
320 Constitution Avenue NE provides a new owner with the opportunity to acquire a stabilized asset in the historic Capitol Hill submarket and achieve a CAP rate above 6.00% with the current market-rate tenants. The average rent in this building is $2.46 PSF—below the submarket average of $3.20 PSF for Class C buildings—offering a significant opportunity for a future owner to increase NOI annually.
This asset offers exceptional walkability, providing immediate pedestrian access to Union Station, Amtrak, Eastern Market, three Metro stations, the H Street corridor, Smithsonian museums, the National Mall, the U.S. Botanic Garden, local parks (including Stanton Park and Senate Park), Georgetown Law School, and a wide range of lifestyle amenities.
As a result of these favorable conditions, the property has consistently maintained near-full occupancy with market-rate tenants. Its consistently low vacancy underscores the strength of its irreplaceable location and tenant appeal, aligning well with the submarket’s resilience and long-term value trajectory.
BILAN FINANCIER (PRO FORMA - 2025) |
ANNUEL (CAD) | ANNUEL PAR pi² (CAD) |
|---|---|---|
| Revenu de location brut |
433 842 $
|
41,32 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
13 016 $
|
1,24 $
|
| Revenu brut effectif |
420 827 $
|
40,08 $
|
| Taxes |
-
|
-
|
| Dépenses d’exploitation |
-
|
-
|
| Total des dépenses |
146 526 $
|
13,95 $
|
| Revenu net d’exploitation |
274 301 $
|
26,12 $
|
BILAN FINANCIER (PRO FORMA - 2025)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 433 842 $ |
| Annuel par pi² | 41,32 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | 13 016 $ |
| Annuel par pi² | 1,24 $ |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 420 827 $ |
| Annuel par pi² | 40,08 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 146 526 $ |
| Annuel par pi² | 13,95 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 274 301 $ |
| Annuel par pi² | 26,12 $ |
FAITS SUR LA PROPRIÉTÉ
| Prix | 4 048 168 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 253 011 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,12 AC |
| Taux de capitalisation | 6,84% | Taille du bâtiment | 10 500 pi² |
| Nombre d’unités | 16 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1918 |
| Sous-type de propriété | Appartement | ||
| Zonage | RF-1/CAP | ||
| Prix | 4 048 168 $ CAD |
| Prix par unité | 253 011 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,84% |
| Nombre d’unités | 16 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,12 AC |
| Taille du bâtiment | 10 500 pi² |
| Nombre d’étages | 2 |
| Année de construction | 1918 |
| Zonage | RF-1/CAP |
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| Studios | 10 | - | 600 |
| 1+1 | 6 | - | 750 |
1 1
Walk Score®
Un paradis pour un marcheur (92)
Transit Score®
Excellent transport en commun (89)
Bike Score®
Un paradis pour un cycliste (97)
Impôts fonciers
| Numéro de lot | 0784-0020 | Évaluation des bâtiments | 2 691 460 $ CAD |
| Évaluation du terrain | 2 344 167 $ CAD | Évaluation totale | 5 035 626 $ CAD |
Impôts fonciers
Numéro de lot
0784-0020
Évaluation du terrain
2 344 167 $ CAD
Évaluation des bâtiments
2 691 460 $ CAD
Évaluation totale
5 035 626 $ CAD
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320 Constitution Ave NE | 320 Constitution Ave NE
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