AdamsLand Portfolio
Multifamily | 25 Units
Marketing description
ADAMSLAND PORTFOLIO — 25-UNIT MULTIFAMILY ASSEMBLAGE
The Adamsland Portfolio presents a rare opportunity to acquire six semi-contiguous multifamily properties totaling 25 residential units in Southeast Washington, D.C. The portfolio is situated on approximately 32,863 square feet of assembled land and includes approximately 19,304 square feet of existing improvements, all under common ownership.
Offered at $6,500,000, the portfolio combines immediate rental income, meaningful value-add potential, and long-term redevelopment optionality. Current annualized scheduled rental income is approximately $427,200, with projected stabilized gross scheduled rental income of approximately $579,324. The underwriting reflects a current NOI of approximately $338,255 and a projected stabilized NOI of approximately $461,413, representing an implied stabilized capitalization rate of approximately 7.1% at the asking price.
The unit mix consists of one one-bedroom apartment, 20 two-bedroom apartments, and four three-bedroom apartments. The portfolio is approximately 80% occupied, providing current cash flow with additional upside through lease-up, rent optimization, unit improvements, and continued operational stabilization. Three of five vacant units are in the DCHA voucher lease-up process.
Unlike a typical scattered-site acquisition, Adamsland provides control of a substantial assembled residential footprint. The unified ownership and semi-contiguous configuration create flexibility for multiple investment strategies, including continued multifamily operation, value-add repositioning, long-term land banking, joint venture, or future redevelopment, subject to zoning and governmental approvals.
The portfolio is offered for sale as a single transaction. The Offering Memorandum, rent roll, financial package, aerial and parcel maps, property photographs, and additional due-diligence materials are available to qualified purchasers upon request.
Property tours are available by appointment only. Please do not disturb tenants or visit the properties without authorization from the listing broker.
Investment highlights
Six multifamily buildings under common ownership
- 25 residential units
- Approximately 32,863 SF of assembled land
- Approximately 19,304 SF of existing improvements
- Current annualized scheduled rent of approximately $427,200
- Projected stabilized gross scheduled rent of approximately $579,324
- Current NOI of approximately $338,255
- Projected stabilized NOI of approximately $461,413
- Approximately 80% occupied with near-term lease-up potential
- Predominantly two-bedroom unit mix (4 three-bedroom units)
- Four R-3 parcels and two RA-1 parcels
- Offered at approximately $260,000 per unit
- Multiple strategies for income, value creation, land banking, and redevelopment
The portfolio is strategically located near major Southeast Washington investment, employment, and neighborhood anchors, including Skyland Town Center, St. Elizabeths East, the Department of Homeland Security headquarters, the Entertainment & Sports Arena, Poplar Point, the Bridge District, MLK Gateway, and the planned 11th Street Bridge Park.
Residents benefit from convenient access to Naylor Road and Southern Avenue Metro stations, Pennsylvania Avenue SE, Alabama Avenue SE, Suitland Parkway, I-295, Downtown Washington, Capitol Hill, Navy Yard, and Joint Base Anacostia-Bolling.
The Adamsland Portfolio offers investors the ability to acquire current income, embedded rent-growth potential, and a fully controlled land assemblage in one of Southeast Washington’s most active public- and private-investment corridors.
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