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543 Florida Ave NW
Washington, DC 20001 LeDroit Park

$1,425,000 USD

Apartments For Sale  •  1,665 SF

Property Details

  • Property Type Apartments
  • Total Building Size 1,665 SF
  • Lot Size 0.02 AC
  • Building Class C
  • Year Built 1900
  • Cap Rate 10.04 %
  • Zoning C2A
90 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: 10.04 %

Public Transportation

Commuter RailDriveWalkDistance
Union Station (Brunswick Line - Maryland Area Regional Commuter Trains (The MARC), Camden Line - Maryland Area Regional Commuter Trains (The MARC), Penn Line - Maryland Area Regional Commuter Trains (The MARC)) 5 min - 1.7 mi
5 min - 1.7 mi
Transit/SubwayDriveWalkDistance
Shaw-Howard U (Green Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail), Yellow Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail)) 1 min 5 min 0.3 mi
U Street (Green Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail), Yellow Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail)) 2 min 9 min 0.5 mi
Mount Vernon Square/7th St-Convention Center (Green Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail), Yellow Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail)) 2 min 15 min 0.8 mi
AirportDriveWalkDistance
Ronald Reagan Washington Ntl 13 min - 6.3 mi
Baltimore/Washington International Thurgood Marshall 49 min - 30.8 mi
Washington Dulles International 58 min - 31.2 mi
Lorenzo Wooten 202-536-3742 Marcus & Millichap
Lorenzo Wooten 202-536-3742 Marcus & Millichap