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… Read More 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. Read Less
Courtesy of Santiago Noguera, Fairfax Realty of Tysons 703-752-8660
Listing Snapshot
Days Online
2
Last Updated
Property Type
Other
Square Ft.
3,540
Lot Size
0.06 Acres
Year Built
1960
MLS Number
DCDC2259728
Additional Details
Building
Built in 1960, Living area: 3540, Construction Materials: Masonry
Cooling
Central A/C
Accessibility Features
None
Foundation
Brick/Mortar
Heating
Central
Income
Net Operating Income: $65,100, Apartment Rentals
Lot
0.06 acres
Owner Pays
Common Area Maintenance, Management, Repairs, Taxes - Real Estate, Trash Collection, Water
Property
Other structures: Above Grade
Sewer
Public Sewer
Taxes
Annual Amount: $3,456.02, Year: 2026, Zoning: R2
Utilities
Water Source: Public
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
Confirm your time
Fill in your details and we will contact you to confirm a time.