5920 Foote St Ne Washington, DC 20019
12-unit multifamily building in Deanwood neighborhood with value-add potential.
Property Features for 5920 Foote St Ne
General Information
- Standard status
- Active
Building Details
- Year built
- 1952
Source:
Corcoran
Listing Agent: Ari Firoozabadi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Deanwood Multifamily Building Opportunity
Foote Flats is a 12-unit multifamily building located in the Deanwood neighborhood. The property offers an opportunity for value creation through physical upgrades and repositioning. There is potential for increasing revenue, as current rents are below market levels compared to similar units in the area. Investors can capitalize by reconfiguring units, optimizing layouts, and leveraging current vacancies to increase gross rental income. The units are larger than typical comparables in the area, offering flexibility for a new owner. This additional square footage presents conversion opportunities, such as transforming one-bedroom units into two-bedroom configurations and two-bedrooms into three-bedroom layouts, further enhancing the asset’s value and return on investment. The property is located a 15-minute walk from the Capitol Heights Metro Station and sits directly adjacent to Eastern Avenue, with convenient access to multiple bus routes. This central location offers connectivity across the DMV region, meeting the demand for housing options with access to public transportation. The property’s proximity to HD Woodson High School offers a strategic advantage. Being a block away from this renovated school with modern facilities and active community programs makes the location attractive to families, likely to drive demand for larger units, foster long-term leases, and enhance the overall neighborhood desirability.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Washington
- County
- District of Columbia
- State
- DC
- Longitude
- -76.9154757
- Latitude
- 38.8973313
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 12-unit multifamily building in Deanwood neighborhood with value-add potential.
Where is this apartment building located?
The property is located at 5920 Foote St Ne 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: - Significant Value-Add Potential: Increase revenue through rent increases, unit reconfigurations, and vacancy optimization.; - Prime, Well-Connected Location: Just a 15-minute walk to Capitol Heights Metro and adjacent to Eastern Avenue with multiple bus routes, providing excellent access across the DMV.; - Above-Average Unit Sizes: Larger units offer flexibility for conversion.