2105 M ST NE, WASHINGTON, DC 20002-2050

There are very few moments in a DC investment cycle where a fully completed, condo-grade, 15-unit multifamily asset lands on the market vacant, TOPA-clear, and priced at a 5.4% pro-forma cap rate. This is one of those moments — and it will not last.

2105 M Street NE is done. Construction complete. DCRA/DOB signed off. Clean lien waiver in hand. Certificate of Occupancy imminent. Approved condo documents ready. The seller has paid every bill, pulled every permit, navigated every inspection, and delivered a building that a buyer can lease up the day they close — or sell off unit by unit with condo documents already in hand. There is no construction risk here. No entitlement risk. No tenant risk. No TOPA clock. Just a fully finished, immediately deployable asset in one of Northeast DC's most active rental corridors, offered by a seller who is ready to move.

At $3,900,000 — $260,000 per unit across 7,800+ square feet of individually metered, warranty-backed, condo-grade construction. Buyers who wait on a deal this clean are waiting for something that is not coming. The seller is motivated. The asset is ready. The price reflects both.

The dual-exit optionality alone makes this worth your attention. Hold it as a stabilized multifamily rental or execute a condo sell-out — documents are approved, units are finished, comparable NE DC sell-outs support individual unit pricing well above the blended acquisition basis. Most buyers spend months and significant capital earning one of those two options. This asset delivers both on day one.

Trinidad is not speculative anymore. The H Street Corridor, Union Market, Ivy City, and the DC Streetcar have done their work. The tenants are there. The demand is there. The only question is whether you are going to be the buyer who acted, or the one who watched someone else close this.

Offers are being reviewed as received. Due diligence materials are available immediately upon execution of a confidentiality agreement. Call or email Aladdin today.

The Aladdin Group 📞 804.581.3604 | ✉️ [email protected] 🌐 byaladdin.com