5501 FOOTE ST NE, Washington, DC 20019
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5501 FOOTE ST NE, Washington, DC 20019
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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Anita Mohamed

Anita Mohamed

+1(347) 903-3025
$ 1,200,000
Est. payment /mo
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5501 FOOTE ST NE Washington, DC 20019

3,540 SqFt

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

Lot Size 2,614 Sqft

MLS Listing ID DCDC2259728

Style Traditional

Total Units 4

Short Sale No

Originating MLS 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

1-purchase type For Sale

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Building

New Construction N

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade

Schools

High Schools H.D. Woodson

School District District Of Columbia Public Schools

Others

Tax Amount $3,456

Tax Year 2026

Tax ID 2019100233

Ownership Fee Simple

SqFt Source 3540

Special Sale Standard

Bright MLS (BMLS)
testyfx76
Listed by Mr. Santiago Noguera • Fairfax Realty of Tysons
Anita Mohamed
Anita Mohamed

Broker Associate | jhy1aaaaaaaaaaaaaaaa 244410410

+1(347) 903-3025 | stagesite-3.test@chime.me

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5501 FOOTE ST NE