4951 G StWashington, DC 20019

Property Details for 4951 G St

Year built

1967

Construction

BRICK

Lot size

0.93 AC

Property size (Sq ft)

42,794 SF

Zone code

R-2

Property type

Apartment buildings

APN

5342 0019

APU

53420019

Description

This exceptional 45-unit apartment complex in Washington, DC's Marshall Heights neighborhood presents a compelling investment opportunity. Priced at $7,500,000, this Class C property boasts four buildings with recently installed roofs and resurfaced parking lots. The property features a significant advantage: an assumable mortgage of $6.5 million at a low 3.16% interest rate over a 30-year term. Further enhancing its appeal, solar panels on the roofs generate supplemental income via a lease agreement. The unit mix is advantageous, with over half being three-bedroom units. Current rents are below market value, offering immediate potential for substantial rent increases upon lease renewals. This represents a sound, sustainable investment with significant immediate income and long-term growth potential in a burgeoning community. The property's recent upgrades, combined with the attractive financing and income-generating solar panels, make this a truly unique opportunity. This multifamily asset offers a strong positive net operating income and a chance to capitalize on the upward trajectory of the Marshall Heights market. The property is located at 4951 G St SE, Washington, DC 20019.

• CAP approach

  CAP return

  Valuation

  6%

  $8,576,515

  6.5%

  $7,916,783

  7%

  $7,351,298

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,874,782

  Geo Method

  $11,077,890

• Alternative Use

  Use

  Valuation

  Residential

  $7,916,783

  Hospitality

  $7,251,730

  Educational

  $6,033,355

  Medical

  $6,240,851

  Retail

  $9,385,219

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.8811

Longitude

-76.9323

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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