2514 13th Street Northwest, Washington, DC 20009

THE OPPORTUNITY

2514 13th Street NW, Washington, DC 20009 2514 13th Street NW presents an opportunity to acquire a fully occupied four-unit multifamily property in one of Washington, DC’s strongest rental corridors, offering durable in-place cash f low with embedded stability from a balanced unit mix. The building consists of:

- One 1-Bedroom/1-Bathroom Unit (597 SF) leased at $1,897

- Two 2-Bedroom/2-Bathroom Units (885 SF average) with an average rent of $2,168

- One 3-Bedroom Unit (977 SF) leased at $3,145

With 100% occupancy, the asset provides immediate income and broad tenant appeal, supported by functional layouts and competitive unit sizes that align with renter demand in Northwest DC.

RENT CONTROL EXEMPT

For first-time buyers of multifamily property in Washington, DC, ownership of 2514 13th Street NW would be exempt from rent control under DC law (for owners of four units or fewer). This unique exemption provides flexibility in ownership strategy and greater rent growth potential compared to larger regulated multifamily assets, particularly as in-place rents are currently approximately 15% below local market comparables, creating immediate upside for qualifying new ownership. First-time multifamily buyers and owner-occupants may also implement a Ratio Utility Billing System (RUBS) to offset water and sewer costs, further strengthening cash flow and positioning the asset as an ideal entry point into the DC multifamily market with both stability and upside.

RECENT RENOVATIONS

The property has been updated with a clean, modern finish package that positions the units well for long-term durability and renter appeal. Renovations include refreshed kitchens featuring white shaker-style cabinetry, dark stone-look countertops, and a stainless-steel appliance package, along with simple, easy-to maintain materials that photograph well and show cleanly on tours. The renovated look and feel of the apartments supports broad tenant demand and helps reduce turnover downtime by offering a move-in-ready product that competes effectively with other renovated inventory in the submarket DC multifamily market for buyers seeking both stability and upside.

TRANSIT-ORIENTED ASSET

2514 13th Street NW offers exceptional transit connectivity that supports strong renter demand and long-term liquidity. The property is approximately a 0.5-mile walk to both the U Street Metro Station and the Columbia Heights Metro Station on the Green Line, providing direct access to major employment nodes throughout the District. In addition, the building sits less than a block from the D50 and D44 bus lines. The D50 provides convenient north-south service stretching from Takoma Park to the U.S. Capitol, while the D44 runs north toward Fort Totten and continues directly through Downtown to the National Mall. Combined with the neighborhood’s walkable retail corridors and daily conveniences, this level of connectivity makes the property a highly practical option for tenants seeking a car-light lifestyle.

ACCESS TO URBAN LIFESTYLE AMENITIES

2514 13th Street NW is positioned for a true walk-to-everything lifestyle, surrounded by some of Northwest DC’s most in-demand amenities. The property is approximately 0.5 miles from Howard University and within easy reach of the 14th and U Street corridor, known for its depth of restaurants, cafes, and neighborhood retail. Daily convenience is anchored by nearby grocers, including a Harris Teeter roughly 0.6 miles away and a Trader Joe’s in the broader U Street area, along with multiple corner markets and pharmacies. Columbia Heights retail is also close by, including the Target approximately 0.5 miles away, plus additional big-box and service options along the Columbia Heights commercial core. Residents also benefit from nearby fitness studios, nightlife, and cultural venues, as well as quick access to green space and trails through adjacent Northwest park systems.