2712 Wisconsin AveWashington, DC 20007

Property Details for 2712 Wisconsin Ave

Year built

1957

Construction

STEEL FRAME

Lot size

0.30 AC

Property size (Sq ft)

113,689 SF

Zone code

RA-4

Property type

Residential income properties

Property subtype

High-rise multifamily apartments

APN

1932 0806

APU

19320806

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $35,895,216

  6.5%

  $33,134,044

  7%

  $30,767,328

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,732,032

  Geo Method

  $29,430,160

• Alternative Use

  Use

  Valuation

  Residential

  $33,134,044

  Hospitality

  $30,350,606

  Educational

  $25,251,348

  Medical

  $26,119,782

  Retail

  $39,279,876

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9253

Longitude

-77.0737

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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