For Sale
$1,195,000

4606 Hillside RdWashington, DC 20019

Four-unit building, high cap rate, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a three-story, four-unit apartment building located at 4606 Hillside Road SE, Washington, DC 20019. The property, situated on a 0.08-acre lot, boasts 3,834 square feet and offers a compelling 10.68% capitalization rate, generating a Net Operating Income (NOI) of $127,572. Currently operating at 100% occupancy as of July 1, 2024, the building comprises two five-bedroom units and two two-bedroom units, each commanding a price of $298,750. The asking price for the entire property is $1,195,000, translating to a price per square foot of $311.68. Built in 1942 and renovated in 2018 and 2022, the building is zoned R2 and includes three off-street parking spaces. Additional income is generated from a coin-operated laundry room. The property is fee simple ownership and is not subject to a ground lease. This well-maintained building benefits from on-site property management, ensuring consistent cash flow and minimizing operational concerns. This prime investment offers a rare opportunity to acquire a high-yield multifamily asset in a desirable Southeast DC location.

Highlights

  • Exceptional investment opportunity: 4-unit apartment building in desirable Southeast DC.
  • Three-story building (3,834 sq ft) on a 0.08-acre lot at 4606 Hillside Road SE, Washington, DC 20019.
  • High 10.68% capitalization rate, generating $127,572 NOI.
  • 100% occupancy (as of July 1, 2024); two 5-bedroom and two 2-bedroom units, each priced at $298,750.
  • Asking price: $1,195,000 ($311.68/sq ft).
  • Built in 1942, renovated in 2018 & 2022; R2 zoning; three off-street parking spaces; coin-operated laundry adds to income.

Property Details for 4606 Hillside Rd

Property type
Apartment buildings
Square Feet
3,834 SF
Year Built
1942
Buildings
1
Stories
3
Lot Size (sq. ft)
3,485 SF
Units
4

Location Insight

City
Washington
County
District of Columbia
State
District of Columbia
Latitude
38.876491105705
Longitude
-76.933837867545
4606 Hillside Rd, Washington, District of Columbia

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4606 Hillside Rd
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