2859 Denver Street Se Washington, DC 20020

$654,000
0.10
Acres
3,780
SQFT
173
$/SQFT
$654,000
3,780   sf
$173 / sf
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PRICE IMPROVEMENT! Fully renovated 5-unit multifamily in Naylor Gardens, 100% occupied and producing income from day one. Five furnished 1BR/1BA units, each with in-unit washer/dryer, smart TV and dedicated workspace. Comprehensively renovated in 2025; roof replaced in 2018. All-electric with separate meters for each unit; utilities are currently included in rent, giving a new owner flexibility. Current NOI $54,635 on actual trailing-12-month collections (8.35% cap rate at list price); pro forma NOI $63,802 (9.76% cap) with all units at $1,800/month. Priced at $130,800 per unit, below the recent 20020 multifamily sales average. Located in a Federal Opportunity Zone and HUBZone. Safeway is 0.1 mile away, and Skyland Town Center, with Lidl and new retail and housing under construction, is 0.3 mile away. Offering Memorandum with full financials available to qualified buyers.

PRICE IMPROVEMENT! Fully renovated 5-unit multifamily in Naylor Gardens, 100% occupied and producing income from day one. Five furnished 1BR/1BA units, each with in-unit washer/dryer, smart TV and dedicated workspace. Comprehensively renovated in 2025; roof replaced in 2018. All-electric with separate meters for each unit; utilities are currently included in rent, giving a new owner flexibility. Current NOI $54,635 on actual trailing-12-month collections (8.35% cap rate at list price); pro forma NOI $63,802 (9.76% cap) with all units at $1,800/month. Priced at $130,800 per unit, below the recent 20020 multifamily sales average. Located in a Federal Opportunity Zone and HUBZone. Safeway is 0.1 mile away, and Skyland Town Center, with Lidl and new retail and housing under construction, is 0.3 mile away. Offering Memorandum with full financials available to qualified buyers.

  • Neighborhood
  • Type
  • County
    Washington
  • Tax Amount
    $5,863
  • Status
    Active
  • Listing #
    DCDC2281998
  • Built
    1943
  • Lot Size
    0.10
  • Listed on site
    49 days
  • Listing Agent Id
    801656248046

Listed by:
Samson Properties

Source:
BRIGHT MLS

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School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions
  • Sewer

View

  • City view

Exterior features

  • No Pool

Interior Features

  • Central Air Conditioning

Style

  • Two Story
  • Colonial
  • End Unit

Property History

DateDays AgoEventNew Price
Oct 12, 202614 days agoPrice decreased45,000 (6%)$654,000
Sep 6, 20262 mos agoNew on market$699,000
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