Washington Multifamily for Sale - Uptown

Marcus & Millichap is pleased to exclusively represent the owner in the sale of 5412 1st Street NW, Washington, DC 20011, a MU-4 zoned multifamily development opportunity located on a 3,833 SF parcel within the Brightwood/Upper Petworth submarket of Northwest Washington, DC. The site is fully entitled with approved building plans for a twenty-unit, 13,158 SF multifamily development consisting of four two-bedroom/two-bath units, fourteen one-bedroom/one-bath units, and two penthouse units featuring two bedrooms and 2.5 baths. Upon stabilization, the project has the potential to generate over $1.2 million in annual gross rental income based on projected performance. The property is strategically positioned within the Upper Petworth corridor of Northwest Washington, DC, an area that has experienced substantial residential and mixed-use redevelopment in recent years. The submarket benefits from strong neighborhood retail amenities, transit connectivity, parks, and convenient access to Downtown Washington, DC and Silver Spring, Maryland. Additionally, the site is located near the growing retail and restaurant corridors along Kennedy Street NW and Georgia Avenue NW, as well as The Parks at Walter Reed redevelopment. Located approximately 1.5 miles from the property, The Parks at Walter Reed is one of the area’s most transformative neighborhood catalysts. The 66-acre mixed-use redevelopment includes Whole Foods, new restaurants and retail, over 2,200 planned residential units, parks and open space, medical and office uses, and community event programming. The location is well connected via multiple transportation options, including the Fort Totten Metro Station approximately eight blocks away, major bus routes along Georgia Avenue NW, and Capital Bikeshare access, enhancing the property’s appeal for future residents.

Property Subtype:

Apartment

Date on Market:

2026-05-11

Washington Specialty for Sale - Shaw

Property Subtype:

Religious Facility

Date on Market:

2026-03-17

Baltimore Retail for Sale - Baltimore Northwest

Appraised at $1.2M.Tremendous upside potential of $180,000 gross income. This mixed use property containing 11 apts and 5 commercial store fronts. Currently $126,000 Gross Income generating a 7.6% Cap Rate. Three Parcel C-2 Commercial, all-brick 12,354 sq. ft. building sitting on a 0.23-acre corner lot. Five Commercial/Retail tenants on the ground floo. Retail Tenants include: Tax Preparation Service, Hair Salon, Driving School, Paparazzi African Grill & a Shipping Company. Residential Units: 5447 Park Heights has three 2BD 2BA apartments, 5451 Park Heights has a studio apartment and 3 rooming units, and 5455 Park Heights also has a studio apartment and 3 rooming units. Commercial units are impressive with 110 ft deep lots, a front 10-car parking lot for customers, and rear garage entrances for the commercial tenants. The seller has invested $100,000 into improvements but a large value-add opportunity exists to increase rent, equity, and cash flow! With proper improvements, management, and tenant makeup, the rent roll could be significantly increased very quickly. C2 Zoning would allow reconfiguration of rooming units into standard apartments if desired. Located in a prime corner location in fast-developing Park Heights. The attractive mix of neighborhood retail in a dense and high-traffic area and affordable residences make this property nearly recession-proof and a solid income earner for your portfolio. The state of Maryland is investing $400 Million into making Pimlico a world-class race track, there will be a hotel, event space, and other amenities a few blocks from this location.

Property Subtype:

Storefront Retail/Residential

Date on Market:

2025-11-29

Mount Airy Retail for Sale - Carroll County

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-11-12

Washington Multifamily for Sale - Capitol Hill

Marcus & Millichap is pleased to exclusively represent the owner of 1850–1854 Kendall Street NE, Washington, DC , two adjacent apartment buildings totaling 23 apartment units in the rapidly evolving Ivy City/Brentwood submarket of Northeast Washington, DC. This bank-owned asset presents a significant value-add and redevelopment play following fire damage sustained in late 2025. The properties are currently vacant and require a comprehensive renovation, creating the opportunity for an investor or developer to reposition the asset in a supply-constrained rental market. The three-level buildings total approximately 26,951 square feet and feature a desirable unit mix of ten three-bedroom/one-bath units, eleven two-bedroom/one-bath units, and two one-bedroom/one-bath units. All apartments are separately metered for gas and electricity, and each unit includes existing ductwork infrastructure for central air conditioning and heating systems. While the properties require substantial rehabilitation, the renovation scope and associated risk are reflected in the offering price. Based on renovated comparable properties within the immediate submarket, projected stabilized gross rental income is approximately $546,000 annually. This projection assumes average monthly rents of approximately $1,600 for one-bedroom units, $1,800 for two-bedroom units, and $2,250 for three-bedroom units. The submarket continues to demonstrate strong rental demand, supported by limited housing supply, improving neighborhood amenities, and accessibility to major employment centers throughout Washington, DC. Strategically positioned along the New York Avenue NE corridor, 1850–1854 Kendall Street NE benefits from proximity to several transformative developments and neighborhood anchors. The properties are located approximately four blocks from Gallaudet University, eight blocks from Union Market, and within close proximity to Union Station and the proposed Washington Commanders stadium redevelopment. The surrounding area continues to experience significant public and private investment, driving long-term neighborhood growth, increasing property values, and strengthening rental demand.

Property Subtype:

Apartment

Date on Market:

2026-05-27

Washington Land for Sale - Uptown

Marcus & Millichap is pleased to exclusively represent the owner in the sale of 5412 1st Street NW, Washington, DC 20011, a MU-4 zoned multifamily development opportunity located on a 3,833 SF parcel within the Brightwood/Upper Petworth submarket of Northwest Washington, DC. The site is fully entitled with approved building plans for a twenty-unit, 13,158 SF multifamily development consisting of four two-bedroom/two-bath units, fourteen one-bedroom/one-bath units, and two penthouse units featuring two bedrooms and 2.5 baths. Upon stabilization, the project has the potential to generate over $1.2 million in annual gross rental income based on projected performance. The property is strategically positioned within the Upper Petworth corridor of Northwest Washington, DC, an area that has experienced substantial residential and mixed-use redevelopment in recent years. The submarket benefits from strong neighborhood retail amenities, transit connectivity, parks, and convenient access to Downtown Washington, DC and Silver Spring, Maryland. Additionally, the site is located near the growing retail and restaurant corridors along Kennedy Street NW and Georgia Avenue NW, as well as The Parks at Walter Reed redevelopment. Located approximately 1.5 miles from the property, The Parks at Walter Reed is one of the area’s most transformative neighborhood catalysts. The 66-acre mixed-use redevelopment includes Whole Foods, new restaurants and retail, over 2,200 planned residential units, parks and open space, medical and office uses, and community event programming. The location is well connected via multiple transportation options, including the Fort Totten Metro Station approximately eight blocks away, major bus routes along Georgia Avenue NW, and Capital Bikeshare access, enhancing the property’s appeal for future residents.

Property Subtype:

Commercial

Date on Market:

2026-06-15