2807 Connecticut Ave NW, Washington, DC 20008 For Sale

THE OPPORTUNITY

The Zupancic Group of Marcus & Millichap is pleased to present 2807 Connecticut Avenue NW, a class A student and intern multifamily housing asset in Woodley Park, one of Washington, DC’s most established, historic, and transit-oriented neighborhoods. The asset has been purpose-built and successfully operated as student housing for over 100 years, originally developed and managed by Boston University and, for the past two decades, operated by WISH, a well-regarded student and intern housing provider. The asset is being offered as a turnkey acquisition, and as the asset is operating as short-term student and intern housing, the sale is not subject to Washington, DC’s Tenant Opportunity to Purchase Act (TOPA). With scale, a proven operating history, and flexibility across multiple leasing strategies, the Property is ideally positioned to continue operations as is, or can potentially be repositioned as a high revenue producing multifamily rental asset in a beautiful, historic, and safe location.

THE ASSET

2807 Connecticut Avenue NW consists of 38 units, 99 bedrooms, and approximately 200 beds. The building was comprehensively renovated in 2017 and has been well maintained, allowing a new owner to continue operations with limited short-term capital expenditures required. The asset is also being offered fully-furnished in each unit, therefore requiring minimal up-front cost and ideally positioning the asset for efficient lease-up. Units are larger than typical residential layouts (950 sf average), providing flexibility to reconfigure floor plans and supporting strong rental demand for the existing multi-bedroom layouts. Common areas include a grand lobby space, a dedicated computer room, and a large first-floor community room currently used for speakers and social gatherings. The layout also allows for potential conversion to traditional multifamily or co-living, or a high-end condo conversion due to the blue-chip location, offering long-term flexibility.

THE LOCATION

2807 Connecticut Avenue NW is located in Woodley Park, a blue-chip, supply-constrained Northwest DC submarket known for its historic prestige and limited new development. The neighborhood has been home to U.S. Presidents Hoover, Johnson, and Eisenhower, along with several Supreme Court Justices, reinforcing its legacy as one of Washington’s most distinguished residential enclaves. Today, Woodley Park remains transit-oriented (steps from the Woodley Park Metro station) with walkable access to neighborhood retail, dining, and nearby Adams Morgan and Cleveland Park. The National Zoo, Rock Creek Park, and Embassy Row are directly nearby, supporting demand from students, interns, and academic programs seeking housing near campus and employment centers. Washington, DC’s higher-education ecosystem—anchored by more than 65 colleges and universities—continues to drive demand for off-campus housing, while constrained new supply supports stable occupancy across market cycles.