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2859 Denver St Se, Washington, DC 20020

$654,000
: 3,780
SqFt

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List Price: $654,000
Price Change: ▼ $45,000 1791844071
Status: ACTIVE
MLS#: DCDC2281998
Living Area: 3,780
Lot Size (Acres): 0.1
Style: Colonial
Year Built: 1943
County: Washington
School District: District Of Columbia Public Schools

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Property Description

PRICE IMPROVEMENT! Fully renovated 5-unit multifamily in Naylor Gardens, 100% occupied and producing income from day one. Five furnished 1BR/1BA units, each with in-unit washer/dryer, smart TV and dedicated workspace. Comprehensively renovated in 2025; roof replaced in 2018. All-electric with separate meters for each unit; utilities are currently included in rent, giving a new owner flexibility. Current NOI $54,635 on actual trailing-12-month collections (8.35% cap rate at list price); pro forma NOI $63,802 (9.76% cap) with all units at $1,800/month. Priced at $130,800 per unit, below the recent 20020 multifamily sales average. Located in a Federal Opportunity Zone and HUBZone. Safeway is 0.1 mile away, and Skyland Town Center, with Lidl and new retail and housing under construction, is 0.3 mile away. Offering Memorandum with full financials available to qualified buyers.

240-804-7606

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Additional Information

Interior Features: Tub Shower, Entry Level Bedroom, Traditional Floorplan
School District: District Of Columbia Public Schools
Elementary School: Stanton
Middle School: Kramer
High School: Anacostia Senior
Flooring: Vinyl
View: Street, City
Heating: Hot Water
Cooling: Central Air
Roof: Flat
Utilities: Water Available, Sewer Available, Electric Available
Water: Public
Sewer: Public Sewer