5501 Foote St Ne, Washington, DC 20019
- $1,100,000
- 3,540
- SqFt
- List Price
- $1,100,000
- Price Change
- ▼ $50,000 1788292733
- Status
- ACTIVE
- MLS#
- DCDC2259728
- Living Area
- 3,540
- Lot Size (Acres)
- 0.06
- Style
- Traditional
- Year Built
- 1960
- County
- Washington
- School District
- District Of Columbia Public Schools
Property Description
This stabilized 6-unit multi-family asset at 5501 Foote St NE offers a premier investment opportunity in the high-growth Deanwood corridor, currently operating at 66% occupancy with average rents of $1,725 and a consistent 12% year-over-year rental growth. The property features a resilient mix of market-rate and voucher-assisted units, providing immediate cash flow while offering the flexibility to either lease up the remaining vacant units as-is or renovate them to further maximize market rents. With a clear path to an estimated 9% Cap Rate upon full stabilization, this building is perfectly positioned to capture significant upside in one of DC’s most rapidly appreciating submarkets.
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Additional Information
- School District
- District Of Columbia Public Schools
- High School
- H.D. Woodson
- Heating
- Central
- Cooling
- Central Air
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Fairfax Realty of Tysons. Contact: