List Search

1500 Columbia Rd NW
Washington, DC 20009 Columbia Heights DC

$1,899,000 USD

Apartments For Sale  •  3,091 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,091 SF
  • Lot Size 0.04 AC
  • Building Class B
  • Year Built 1900
  • Cap Rate 8.76 %
  • Zoning RA-2
100 Transit Score
100 Walk Score

Highlights

Portfolio of Two Fully Renovated Four-Unit Buildings in the Columbia Heights / Shaw submarket of Northwest Washington, D.C.
Eight Total Units with a Desirable Unit Mix, including four 3BR/2BA units and four 2BR/1BA units.
Attractive In-Place Cash Flow with combined NOI of approximately $271,000 and going-in cap rates of 6.99%–7.39%.
Multiple Buyer Exit Strategies, including traditional investors, owner-occupants, and parent-student buyers.
Compelling Owner-Occupant Opportunity with FHA financing available and a 2026 four-unit FHA loan limit of approximately $2.4 million.
Transit-Oriented, Walkable Location near the Columbia Heights Metro Station, Howard University and the 14th Street NW retail corridor
Cap Rate: 8.76 %

Public Transportation

Commuter RailDriveWalkDistance
4 (Fredericksburg Line - Virginia Railway Express, Manassas Line - Virginia Railway Express) 8 min - 3.5 mi
Lead (Fredericksburg Line - Virginia Railway Express, Manassas Line - Virginia Railway Express) 7 min - 3.8 mi
Transit/SubwayDriveWalkDistance
Columbia Heights (Green Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail), Yellow Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail)) 0 min 5 min 0.3 mi
Georgia Ave-Petworth (Green Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail), Yellow Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail)) 3 min 19 min 1.0 mi
U Street (Green Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail), Yellow Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail)) 3 min 20 min 1.1 mi
AirportDriveWalkDistance
Ronald Reagan Washington Ntl 14 min - 6.9 mi
Washington Dulles International 46 min - 27.8 mi
Lorenzo Wooten 202-536-3742 Marcus & Millichap
Lorenzo Wooten 202-536-3742 Marcus & Millichap