245 8th Street Northeast, Washington, DC 20002

RENT CONTROL EXEMPT (POST-1978 CONSTRUCTION)

Constructed after 1978, the Property qualifies for exemption from Washington, DC’s rent control regulations (documentation on file). This allows ownership to:

• Implement unrestricted rent increases
• Avoid administrative burden associated with rent control filings
• Operate with enhanced flexibility following renovations

This exemption is a meaningful advantage in the DC market and broadens the buyer pool, particularly among institutional and out-of-market investors.

PREMIER CAPITOL HILL LOCATION WITH TRANSFORMATIONAL GROWTH CATALYSTS

245–249 8th Street NE is ideally positioned in the heart of Capitol Hill, one of Washington, DC’s most prestigious and supply-constrained residential submarkets. Located just eight blocks east of the United States Capitol, the Property benefits from immediate access to one of the most stable employment centers in the country, driving consistent demand from congressional staff, policy professionals, and affiliated organizations.

Beyond its established “blue-chip” fundamentals, the Property is uniquely positioned to benefit from significant forward-looking neighborhood growth. To the east, the planned redevelopment of the RFK Stadium site—anchored by the return of the Washington Commanders stadium —represents a transformative catalyst. This large-scale investment is expected to drive new infrastructure, retail, and residential demand, further elevating property values and accelerating rent growth in the surrounding area. The Property sits directly in the path of this eastward expansion, positioning investors to capture both current stability and future upside.

To the south, the vibrant Eastern Market corridor serves as a neighborhood anchor, offering a dynamic mix of local retail, dining, and community-oriented amenities. The adjacent Eastern Market station provides access to the Blue, Orange, and Silver Metro lines, enhancing connectivity and reinforcing tenant demand from commuters across the region.

In addition to its proximity to Eastern Market, the Property is surrounded by a strong roster of national and neighborhood-serving retailers that enhance daily convenience and livability. Notable nearby amenities include Trader Joe's, Whole Foods Market, and Safeway, all of which contribute to the area’s walkability and appeal to higher-income renters.

This combination of irreplaceable infill location, immediate access to transit and retail, and exposure to one of Washington, DC’s most significant upcoming redevelopment initiatives positions 245–249 8th Street NE as a uniquely compelling investment opportunity within Capitol Hill.

90.9% VACANT - "BLANK CANVAS OPPORTUNITY"

With only one occupied unit, the Property's current vacancy provides immediate operational flexibility and eliminates tenant displacement risk. Investors can quickly implement a variety of strategies, including:

• Renovation and lease-up at market rents
• Combination or Reconfiguration of existing units to promote more “family-style” units
• Condominium conversion
• Single-family redevelopment
• Group housing or intern-focused housing concepts
• Boutique furnished or executive rental product

This “blank slate” positioning is increasingly rare in Capitol Hill and allows investors to tailor the asset to evolving market demand with minimal friction.

TRANSIT-ORIENTED CONNECTIVITY

The Property offers excellent access to regional and national transportation infrastructure, located less than three-quarters of a mile from:

• Union Station – providing Metrorail access and Amtrak service along the Northeast Corridor
• Eastern Market station – serving the Blue, Orange, and Silver lines

This connectivity enhances tenant demand and supports premium rental positioning.

SEPARATELY-METERED UTILITIES & SELF-CONTAINED UNITS

Each unit is separately metered for gas and electric, with tenants responsible for direct payment. Ownership is only responsible for water and sewer. This structure:

• Reduces exposure to utility cost inflation
• Enhances expense predictability
• Supports stronger and more stable net operating income

The building's units also feature in-unit washers and dryers as well as central air (Individual HVACs) and separate water heaters.

OFF-STREET PARKING (4 SPACES)

The Property includes four (4) rear off-street parking spaces, a valuable amenity in Capitol Hill.

• Spaces can conservatively command $125+ per month
• Parking improves tenant retention and leasing velocity
• Adds an additional income stream and downside protection in softer market conditions