CHARIS REALTY GROUP

2859 DENVER STREET SE

WASHINGTON, DC 20020

MLS#: DCDC2253442

$795,165

Status: Active
Listing number: DCDC2253442
Listing provided by: Samson Properties
Listing agent phone: None
Last update: 7 hours ago
On site: 2 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1943

Sq.Footage

3,780

Fully stabilized 5-unit furnished multifamily investment in the Naylor Gardens neighborhood of Southeast Washington, DC (20020). Built in 1943 and comprehensively renovated in 2025, repositioned from a Class C shell into renovated Class B workforce housing through comprehensive unit-by-unit rehabilitation. The property offers five individually metered 1BR/1BA units, each fully furnished with in-unit washer/dryer, smart TV, queen bed, dedicated workspace, Keurig, and full kitchenware. All-electric and separately metered per unit; shared water only. 3,780 gross SF on a 4,560 SF lot. Zoned R-5-A. Roof replaced 2018. Currently 100% occupied, generating $92,703 in annualized gross income. Pro forma NOI of $67,589 reflects an 8.5% cap rate at the list price. Turnkey furnished product with value-add upside through repositioning of unit rates. Federal Opportunity Zone and HUBZone designations offer potential tax advantages for qualifying buyers. The location benefits from over $500 million in active neighborhood development within one mile, including Phase 3 of Skyland Town Center (0.3 miles) and the Barry Farm Redevelopment (0.9 miles), anchored by Lidl and the city's first drive-through Starbucks. Comparable furnished units in the DC metro are priced significantly higher by national operators, positioning the subject's furnished product competitively within its submarket. Full Offering Memorandum, financials, and rent roll available to qualified buyers with a signed confidentiality agreement. All five units are tenant-occupied — showings by appointment only with advance notice; please do not disturb or approach occupants. Contact listing agent to schedule and to receive detailed financials.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Electric, Hot Water

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.1

  • Lot Size(square feet)

    4,560

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $795,165

  • Tax Amount

    $5,863

  • Financing Options

    Cash, Conventional

  • Sq. Footage

    3,780

  • Price/SqFt

    $210

HOA

  • Association

    No

School District

  • Elementary School

    STANTON

  • Middle School

    KRAMER

  • High School

    ANACOSTIA SENIOR

Property Features

  • Stories

    2

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    4

  • Water Source

    Public

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Location

County

WASHINGTON

Elementary School

STANTON

Middle School

KRAMER

High School

ANACOSTIA SENIOR

Listing Courtesy of Matt Naha , Samson Properties

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Andrew Boateng

AGENT

Andrew Boateng

Call Andrew today to schedule a private showing.

(571) 342-1160

andyselldreamhomes@hotmail.com


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Fully stabilized 5-unit furnished multifamily investment in the Naylor Gardens neighborhood of Southeast Washington, DC (20020). Built in 1943 and comprehensively renovated in 2025, repositioned from a Class C shell into renovated Class B workforce housing through comprehensive unit-by-unit rehabilitation. The property offers five individually metered 1BR/1BA units, each fully furnished with in-unit washer/dryer, smart TV, queen bed, dedicated workspace, Keurig, and full kitchenware. All-electric and separately metered per unit; shared water only. 3,780 gross SF on a 4,560 SF lot. Zoned R-5-A. Roof replaced 2018. Currently 100% occupied, generating $92,703 in annualized gross income. Pro forma NOI of $67,589 reflects an 8.5% cap rate at the list price. Turnkey furnished product with value-add upside through repositioning of unit rates. Federal Opportunity Zone and HUBZone designations offer potential tax advantages for qualifying buyers. The location benefits from over $500 million in active neighborhood development within one mile, including Phase 3 of Skyland Town Center (0.3 miles) and the Barry Farm Redevelopment (0.9 miles), anchored by Lidl and the city's first drive-through Starbucks. Comparable furnished units in the DC metro are priced significantly higher by national operators, positioning the subject's furnished product competitively within its submarket. Full Offering Memorandum, financials, and rent roll available to qualified buyers with a signed confidentiality agreement. All five units are tenant-occupied — showings by appointment only with advance notice; please do not disturb or approach occupants. Contact listing agent to schedule and to receive detailed financials.

2859 DENVER STREET SE

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