Listed by Washington-Long & Foster Real Estate, Inc
$935,000
Cash-Flowing Two Unit in Prime Union Market location
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,799
Units 2
Cap Rate 5.60%
NOI $52,739
Occupancy 50%
Price per SqFt $520
Broker Co-Op Yes
Year Built 1913
Year Renovated 2020
Buildings 2
Stories 2
Lot Size (SqFt) 984
Zoning RF-1
Investment Type Stabilized
Two 2BR Units | Will Deliver Vacant | Low Expenses | Prime H St / Union Market Location
Marketing description
Unique opportunity to acquire a 2-unit rowhome investment in the H Street Corridor, directly across from Gallaudet University and just steps to Union Market.
831–833 L St NE is a single legal property with two 2-bedroom units, offering strong in-place income and immediate rental demand in one of DC’s most active neighborhoods. One unit is currently vacant, providing flexibility for an owner-occupant or the ability to lease at market rent, while the second unit will be vacant at the end of the summer.
Ideal for investors seeking a low-maintenance asset with a clear path to increased rental income in a high-demand, walkable location near retail, dining, and transit.
Investment highlights
- Cash-Flowing 2-Unit Asset – Will deliver vacant
- Low Expense Profile – Tenants pay all utilities
- Walkable to Union Market & H Street Corridor – High-demand tenant area
- Clear Rent Growth Potential – Path to $6,000+ monthly rent
- Simple, Efficient Asset – 2-unit property with straightforward management
- Strong Long-Term Fundamentals – Proximity to RFK redevelopment and ongoing neighborhood growth along H St
- Link to additional information
Listing Contacts
Listed by Washington-Long & Foster Real Estate, Inc
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$52,739.00
$4,394.92/mo
Valuation Metrics
0
DSCR
5.64%
Cap Rate
5.64%
ROI
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