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31819211
31819212

308-312 Millers Ct NE, Washington, DC 20002

MZ
MD 631902, DC SP98368225 (+1)
Marcus & Millichap - Washington, D.C.
RM
0225251726
Marcus & Millichap - Washington, D.C.
JS
SP200205349
Marcus & Millichap - Washington, D.C.
Listed by Marcus & Millichap - Washington, D.C.
$1,600,000
48 days on market
Updated 48 days ago

308-312 Millers Court NE

Details
APN 0786-0000-0820
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,896
Units 3
Price per SqFt $844
Class B
Year Built 1890
Year Renovated 2021
Buildings 3
Lot Size (SqFt) 1,561
Zoning RF-3

Three (3) Turnkey Carriage Homes with Proven Income in the Heart of Capitol Hill

Marketing description

The Zupancic Group of Marcus & Millichap is pleased to present 308–312 Millers Court NE, a three-unit, boutique carriage house investment opportunity located in the heart of Capitol Hill, one of the most prestigious and supply constrained submarkets in Washington, DC. The offering represents a rare opportunity to acquire a collection of historic, two-story carriage houses with a proven corporate housing model generating premium rental income. The Property is ideally positioned just off East Capitol Street, steps from the U.S. Capitol, Supreme Court, and Library of Congress, placing it at the center of one of the most demand-driven rental markets in the city. The asset combines an irreplaceable location, a highly scarce product type, and multiple execution strategies, including continued furnished rentals or conversion to traditional multifamily use. 308–312 Millers Court presents a unique opportunity to capitalize on a turnkey, investment property in a blue-chip location with long-term appreciation and downside protection.

Investment highlights

  • Irreplaceable Capitol Hill location steps from the U.S. Capitol & Supreme Court
  • TOPA-Free structure provides enhanced execution certainty
  • Rare carriage house product type with limited competitive supply
  • Turnkey, fully furnished asset with immediate income continuity
  • Premium ADR-driven income significantly outpaces traditional rents
  • Proven corporate housing model with established demand
  • Functional two-story layout maximizes revenue per unit
  • Multiple leasing strategies provide flexibility and risk mitigation
  • Revenue upside through ADR optimization and occupancy management
  • High barrier to entry submarket supports long-term rent growth
  • Boutique, low-density asset with simplified operations
  • Multiple exit strategies including long-term hold or individual disposition

Listing Contacts

MZ
MD 631902, DC SP98368225 (+1)
Marcus & Millichap - Washington, D.C.
RM
0225251726
Marcus & Millichap - Washington, D.C.
JS
SP200205349
Marcus & Millichap - Washington, D.C.
Listed by Marcus & Millichap - Washington, D.C.

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Additional Information

Name
Brian Hosey
License
DC BR200201612
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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