5501 FOOTE ST NE, Washington, DC 20019
5501 FOOTE ST NE, Washington, DC 20019
5501 FOOTE ST NE, Washington, DC 20019
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John Becker

John Becker

+1(484) 947-8764
Listed by Mr. Santiago Noguera • Fairfax Realty of Tysons
$1,200,000
Est. payment /mo
3,540 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,540 sqft

Price per Sqft $338

MLS Listing ID DCDC2259728

Style Traditional

Abv Grd Liv Area 3,540

Year Built 1960

Annual Tax Amount $3,456

Tax Year 2026

Lot Size 2,614 Sqft

Acres 0.06

Property Sub-Type Detached

Source BRIGHT

Property Description

This stabilized 6-unit multi-family asset at 5501 Foote St NE offers a premier investment opportunity in the high-growth Deanwood corridor, currently operating at 66% occupancy with average rents of $1,725 and a consistent 12% year-over-year rental growth. The property features a resilient mix of market-rate and voucher-assisted units, providing immediate cash flow while offering the flexibility to either lease up the remaining vacant units as-is or renovate them to further maximize market rents. With a clear path to an estimated 9% Cap Rate upon full stabilization, this building is perfectly positioned to capture significant upside in one of DC's most rapidly appreciating submarkets.

Location

State DC

County Washington

Zoning R2

Interior

Hot Water Multi-tank

Heating Central

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Above Ground Finished SqFt 3540

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade

New Construction N

Schools

High Schools H.D. Woodson

School District District Of Columbia Public Schools

Others

Tax ID 2019100233

Ownership Fee Simple

SqFt Source 3540

Special Listing Condition Standard

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Bright MLS (BMLS)

Nearby School & Business

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John Becker

John Becker

+1(484) 947-8764

REALTOR® | License ID: RS294501

REALTOR® License ID: RS294501

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