5601 Colorado Avenue NW, Washington, DC 20011

USD 1,350,000
For Sale MLS: DCDC2267460

Property Details

Bathrooms

6

Description

Six-Unit Apartment Building | Offered at $1,350,000 Rare opportunity to acquire a well-maintained six-unit apartment building in the highly desirable 16th Street Heights / Brightwood Park area of Northwest Washington, DC. Built in 1936, this classic brick apartment building consists of six one-bedroom, one-bath units and offers investors stable income with significant long-term upside in one of DC's most established residential neighborhoods. The property features spacious one-bedroom floor plans, hardwood flooring, updated kitchens in select units, on-site laundry facilities, basement storage, and off-street parking availability. Residents enjoy convenient access to Rock Creek Park, 16th Street, public transportation, neighborhood shopping, dining, and major commuter routes throughout the District and surrounding metropolitan area. Current operations include a mix of market-rate and voucher-assisted tenancy, creating a diversified income stream. Based on current rents, the property generates approximately $148,164 in annual gross income. After operating expenses of approximately $30,445 annually, the building produces an estimated Net Operating Income (NOI) of $117,719, resulting in an attractive 8.7% capitalization rate at the asking price of $1,350,000. This represents a compelling opportunity for investors seeking immediate cash flow and long-term appreciation potential in the Washington, DC market. All numbers based on 2025 full year expenses. Investment Highlights

PROPERTY DETAILS: Square Feet: 5596 | Bathrooms: 6

INTERIOR FEATURES: • Appliances: Electric Water Heater • Cooling: Central Air, Electric, Heat Pump • Heating: Electric Heating, Heat Pump, Forced Air • Plumbing: Electric Water Heater, Gas Water Heater

EXTERIOR FEATURES: • Parking: 2 Parking Spaces, On Street. • Exterior: Brick • Lot View: City • Zoning: R-5-A • Additional Exterior/Lot Features: Corner Lot, Other

LISTING AGENT: Agent: Alex Saenger | Office: CENTURY 21 New Millennium | Phone: 3015198100 | Email: [email protected]

LISTING INFORMATION: MLS#: DCDC2267460 | Status: FOR SALE

Location

Address

5601 Colorado Avenue NW

City

Washington

Features and Finishes

Interior Features:

• Appliances: Electric Water Heater

• Cooling: Central Air, Electric, Heat Pump

• Heating: Electric Heating, Heat Pump, Forced Air

• Plumbing: Electric Water Heater, Gas Water Heater

Exterior Features:

• Parking: 2 Parking Spaces, On Street.

• Exterior: Brick

• Lot View: City

• Zoning: R-5-A

• Additional Exterior/Lot Features: Corner Lot, Other

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