5601 Colorado Ave NW,WASHINGTON, DC 20011
WASHINGTON, DC 20011
Description
Six-Unit Apartment Building | Offered at $1,350,000Rare 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.
Details
| MLS # | DCDC2267490 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1936 |
| Days On Site | 116 |
| Listing Provided By | CENTURY 21 New Millennium | Alex Saenger |
Features
| SQ Feet | 5,560 |
|---|---|
| Story(s) | 4 |
| Units | 4 |
| Zoning | R-5-A |
| Property View | City |
Interior
| Cooling | Central A/C, Heat Pump(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air, Heat Pump(s) |
Exterior
| Security Features | Main Entrance Lock |
|---|---|
| Construction Materials | Brick |
| Lot Features | Corner, Other |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 7007 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20011 |
| Area | WASHINGTON DC |
| Community Name | 16TH STREET HEIGHTS |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in 16TH STREET HEIGHTS) | |
Price: $1,350,000 low | high Med: $445,000 sqft: 5,560 low | high Med: 1,165 $ / sqft: $243 low | high Med: $432 On site: 116 low | high Med: 314.5 | |
Market Activity 20011
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20011 |
| Area | WASHINGTON DC |
| Community Name | 16TH STREET HEIGHTS |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in 16TH STREET HEIGHTS) | |
Price: $1,350,000 low | high Med: $445,000 sqft: 5,560 low | high Med: 1,165 $ / sqft: $243 low | high Med: $432 On site: 116 low | high Med: 314.5 | |
 | $1,599,9005327 16th St NwWashington, DC 20011 |
