2859 Denver Street SE, Washington, DC 20020

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 features five individually metered 1BR/1BA units — each furnished with washer/dryer, smart TV, queen bed, and dedicated workspace. All units are occupied at $1,800/month, generating $92,703 in annualized gross income.

This investment offers a buyer three layers of return: immediate cash flow from a stabilized, fully occupied asset; embedded upside through government agency leasing at $2,000/unit/month (adding $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).

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