Licensed 8-Unit Apartment
2809 GAINESVILLE Street SE Washington, DC 20020
For Sale
$1,000,000
MULTI_FAMILY - WASHINGTON, DC
Property Size4,200 SF
Lot Size0.11 Acres
Price / SF$238.10
Days on Market108
Property Features for 2809 GAINESVILLE Street SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Dining Room
Parking features
On Street
Interior features
Kitchen - Eat-In, Combination Dining/Living
Appliances
Disposal, Refrigerator, Oven/Range - Gas, Oven/Range - Electric
Standard status
Active
Size
4,200 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
5410
Utilities
Heating system
Hot Water(Heating)
Cooling system
Ceiling Fan(s), Window Unit(s), Wall Unit(s)
Building Details
Year built
1945
Number of units
4
Building materials
Brick, Aluminum Siding
Listing Agency:
Houwzer, LLC
(202) 866-8787
Listed By:
Pamela Debnam · License #SP200200774
(252) 903-3616
Added: Apr 14
Changed: Jul 13
Last Checked: Jul 30 at 5:06AM
MLS# DCDC2255740
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This licensed multifamily property features 8 units total, made up of 4 apartments and 4 rooming house rooms. Units include wall-to-wall carpeting, window A/C units, ceiling fans, and baseboard heating, with gas cooking. Kitchens and baths have ceramic tile finishes. The hallway has been upgraded with new carpeting and fresh paint, and the exterior is secured with an entire fenced perimeter and high-definition security cameras with on-site storage. Two parking spaces are provided in the rear, along with ample street parking.
The apartments are self-contained with residents paying gas and electric. The rooming house includes all utilities plus high-speed internet and basic cable TV, and it has separate access at the rear of the building. Additional rooming house amenities include separate refrigerators, ceiling fans, and A/C window units for each of the four rooms. A time-controlled exterior lighting feature is described as well.
With separate apartment and rooming house configurations, the property can fit tenants looking for traditional apartments as well as those seeking individually accessed rooms within the same fenced, camera-monitored setting. The listing also notes a rooftop with views and easy access to major routes in the DMV, with nearby transit options including a Metro bus stop and multiple Metro Rail stops within 10 minutes.
The apartments are self-contained with residents paying gas and electric. The rooming house includes all utilities plus high-speed internet and basic cable TV, and it has separate access at the rear of the building. Additional rooming house amenities include separate refrigerators, ceiling fans, and A/C window units for each of the four rooms. A time-controlled exterior lighting feature is described as well.
With separate apartment and rooming house configurations, the property can fit tenants looking for traditional apartments as well as those seeking individually accessed rooms within the same fenced, camera-monitored setting. The listing also notes a rooftop with views and easy access to major routes in the DMV, with nearby transit options including a Metro bus stop and multiple Metro Rail stops within 10 minutes.
Key Highlights
- 8 total licensed units: 4 licensed apartments and 4‑rooming house units (14 bedrooms, 5 baths).
- Separate utilities by unit type: apartments are self‑contained and pay gas and electric; rooming house includes all utilities plus high‑speed internet and basic cable TV.
- Property updates include recently upgraded hallway carpet and painted front and rear of the building.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.5k | $30.60 |
| − Vacancy | −$8.0k | −$1.90 |
| EGI | $120.6k | $28.70 |
| − OpEx | −$54.2k | −$12.92 |
| NOI | $66.3k | $15.79 |
4,200 SF · lease $30.60/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$947.2K
$828.8K – $1.11M
NOI $66,303 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,793 @ 7.0% cap · market cap 15.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Income property with self-contained apartments and a separately accessed rooming house, enhanced by fenced grounds and security cameras.
Where is this apartment building located?
The property is located at 2809 GAINESVILLE Street SE Washington, DC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 8 total licensed units: 4 licensed apartments and 4‑rooming house units (14 bedrooms, 5 baths).; Separate utilities by unit type: apartments are self‑contained and pay gas and electric; rooming house includes all utilities plus high‑speed internet and basic cable TV.; Property updates include recently upgraded hallway carpet and painted front and rear of the building.
