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Ryan Tyndall

1443 EUCLID ST NW #1-8 (ALL UNITS)

$4,150,000 1443 Euclid St NW #1-8 (All Units), Washington, DC 20009
Fully-occupied, 8-unit luxury apartment building in Columbia Heights with a 4.14% CAP Rate. This high-end property, constructed in 2018, includes a mix of one studio/1-bath unit; five 1-bed/1-bath units; and two 1-bed/1.5-bath units, all with stunning finishes, including Italian Fenix cabinetry in the kitchens and baths, wide plank French oak flooring, marble baths and backsplashes, and large floor-to-ceiling windows and sliding interior doors for tons of natural light. Seven of the units include private outdoor spaces, some quite large. All units include washers/dryers and separately metered electricity, HVAC and hot water. Fully-occupied with a NOI of nearly $180,000 annually, this is a fantastic stable long-term rental property--so attractive that tenants have requested multi-year leases and escalated over the advertised rent in the past to secure a unit. Continue to operate this as a long-term rental, or, as units turn over, consider short-term/corporate rentals for a potentially higher return. As this property has already been converted to a condominium (and this sale includes all units in the building), you also have the option of selling the units off individually over time. (The current sale includes all units; units will not be sold individually.) The location of this Columbia Heights gem can't be beat, with the green/yellow metro stop less than a 10-minute walk and Meridian Hill Park, several grocery stores and all the popular shops, bars and restaurants of 14th Street just steps away. Walk Score: 93; Bike Score: 91. Floor plans, photos and virtual tour of all 8 units are available in the attachments. Because this is a 100% occupied building, out of consideration for tenants and due to COVID-19 precautions, no in-person showings will be available prior to submission of an LOI.
  • For Sale
    Status
  • 1913
    Year Built
  • 4,431 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 4,431 Sq.Ft.
  • Lot Size: 2,178 Sq.Ft.
  • MLS® ID: DCDC503952
  • Type: Commercial
  • Year Built: 1913
  • View Description: City, Street

Interior

  • Flooring: Hardwood, Marble, Wood
  • Appliances: Electric Water Heater
  • Other Interior Features: Hardwood, Marble, Wood

Exterior & Building

  • Stories: 5
  • Water Source: Public
  • Utilities: Cable Available
  • Parking: On Street
  • Heat Type: Central, Electric
  • Air Conditioning: Central Air
  • Sewer: Public Sewer
  • Security Features: Smoke Detector(s)

Financial

  • Sales Price: $4,150,000
  • Real Estate Tax: $21,453/yr
  • Zoning: The RA-2 zone provides for areas developed with predominantly moderate-density residential.
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Property Insight

“Fully-occupied, 8-unit luxury apartment building in Columbia Heights with a 4.14% CAP Rate.”

1443 EUCLID ST NW #1-8 (ALL UNITS)

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