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2712 Wisconsin AveWashington, DC 20007

109 Units, Prime NW DC Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional eight-story, 109-unit apartment building presents a rare investment opportunity in Washington, D.C.'s highly desirable Glover Park neighborhood. Boasting 113,689 square feet on a 17,272 square foot lot, this Class C multifamily property, built in 1957, offers significant upside potential. Currently operating at 96.3% occupancy, the building features 39 parking spaces. Its prime location provides unparalleled access to major employment centers within a 20-minute drive, and is steps from the National Cathedral and numerous amenities including Whole Foods, Trader Joe's, Safeway, and the Buzzuto's Cathedral Heights retail center, offering diverse dining and shopping options. The property benefits from a strong renter demographic, with a median household income around $150,000 and a high percentage of residents holding bachelor's degrees or higher. The current owner has achieved strong recent leasing activity and there's a compelling opportunity to increase revenue streams through market adjustments to parking, pet rent, and administrative fees. The location is exceptionally supply-constrained, with no new units under construction within a one-mile radius and limited new supply projected in the next four years. The property is zoned RA-4. This is a truly unique opportunity to acquire a well-positioned asset in a thriving market. The APN is 1932 0806. The address is 2712 Wisconsin Ave, Washington, DC 20007.

Highlights

  • Prime location near National Cathedral with walkable access to Whole Foods, Trader Joe's, Safeway, and Buzzuto's Cathedral Heights retail center.
  • Easy access to major employment centers within a 20-minute drive.
  • Strong renter demographics: $150,000 median household income, 90% with bachelor's degrees or higher, and 50% renter occupancy.
  • Strong leasing activity with significant potential to increase income from parking, pet rent, and administrative fees.
  • Below replacement cost in a supply-constrained market with limited new construction within a one-mile radius.

Property Details for 2712 Wisconsin Ave

Property type
Apartment buildings
Square Feet
113,689 SF
Class
C
Year Built
1957
Buildings
1
Stories
8
Units
109

Location Insight

City
Washington
County
District Of Columbia
State
District of Columbia
Latitude
38.925184772737
Longitude
-77.073214653556
2712 Wisconsin Ave, Washington, District of Columbia

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2712 Wisconsin Ave
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