2859 Denver Street SE, Washington, DC 20020 For Sale

Samson Properties is pleased to present 2859 Denver Street SE, a fully stabilized, 5-unit furnished multifamily property in the Naylor Gardens neighborhood of Southeast Washington, DC. Built in 1943 and comprehensively renovated in 2025, the property offers five individually metered 1BR/1BA units — each furnished with washer/dryer, smart TV, queen bed, and dedicated workspace. All five units are occupied at $1,800/month, generating $92,703 in annualized gross income.

Beyond the in-place cash flow, the property's Mid-Term Rental operating model is its defining advantage. Washington, DC has no shortage of multifamily inventory — but Rent Control and the District's tenant-friendly eviction process are two of the most significant risks investors face. By operating furnished, all-inclusive units on flexible mid-term arrangements, this asset structurally mitigates both risks while commanding pricing power that conventional unfurnished product cannot match.

That model captures a genuine gap in the market. While the unfurnished 1-bedroom market in zip code 20020 averages $1,307/month with elevated vacancy, dedicated furnished inventory is virtually nonexistent, and national operators like Landing price comparable furnished units at $2,900–$3,300/month. The subject's all-inclusive rate of $1,800/month serves an underserved segment — the rotating pool of military personnel, medical residents, and government contractors who drive DC's rental demand.

The result is a buyer opportunity with three layers of return: immediate cash flow from a stabilized, fully occupied asset; embedded upside through government-agency leasing at $2,000/unit/month, which adds $12,000 in annual NOI with zero incremental expense; and long-term appreciation driven by over $500 million in active neighborhood development, including Phase 3 of Skyland Town Center (0.3 miles) and the Barry Farm Redevelopment (0.9 miles).