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.
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Listing Snapshot
Price
$1,100,000
Days On Site
152 Days
Bedrooms
12
Inside Area (SqFt)
3,540 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.06 Acres
Year Built
1960
MLS® Number
DCDC2259728
Status
Active
Property Tax
$3,456.02
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
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