Marcus & Millichap is pleased to exclusively present a fully renovated two-unit apartment buildings located at 1911 8th Street NW (2 -2BR/2 BA) in the highly desirable Shaw submarket of Northwest Washington, D.?C.? The offering represents a rare opportunity to acquire a renovated multifamily asset with strong in-place cash flow, multiple exit strategies, and long-term appreciation upside in one of the District’s most resilient rental markets.?There is also an opportunity to purchase a renovated four unit at 543 Florida Avenue NW.
This asset has undergone substantial renovations, including modernized interiors and upgraded building systems, reducing near-term capital expenditure risk and providing immediate operational stability.? From a financial standpoint, the property delivers an attractive CAP rate of 7.00%,
This two-unit building also present an exceptional opportunity for owner-occupants seeking to offset housing costs through rental income.? FHA financing is available for qualified buyers.? In Washington, D.?C.?, the 2026 FHA loan limit for a four-unit property is approximately $2.4 million, allowing buyers to acquire this asset with low down payment requirements while benefiting from market-rate rents.?
With close proximity to Howard University, this opportunity is also well-suited for parents purchasing housing for a student while renting the remaining units to fellow students or young professionals.? This strategy enables parents to convert housing expenses into a long-term investment, offset ownership costs through rental income, and retain a highly marketable asset upon graduation.? The unit layouts, neighborhood amenities, and transit access align well with student and early-career renter demand, making this a compelling alternative to traditional student housing or condominium ownership.
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Listing Snapshot
Price
$985,000
Days On Site
63 Days
Bedrooms
5
Inside Area (SqFt)
1,942 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.04 Acres
Year Built
1920
MLS® Number
DCDC2276712
Status
Active
Property Tax
$8,236
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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Recent Activity
3 weeks ago
Listing updated with changes from the MLS®
2 months ago
Listing first seen on site
General Features
Acres
0.04
Foundation
Slab
Parking
None
Property Sub Type
Duplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
1942
SqFt Total
3884
Style
Traditional
Utilities
Water AvailableSewer Available
Water Source
Public
Zoning
RA
Interior Features
Cooling
Central Air
Electric
200+ Amp Service
Flooring
Hardwood
Heating
ElectricForced Air
Interior
High Ceilings
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Exterior Features
Construction Details
Brick
Pool Features
None
Roof
Shingle
Community Features
School District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Schools
School District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Marcus & Millichap Real Estate
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