Multifamily Asset in
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1721 T St SE, Washington, DC 20020
20-unit multifamily asset in the Anacostia neighborhood of Washington, DC.
Property Size17,279 SF
Lot Size0.26 Acres
Days on Market129
Property Features for 1721 T St SE
General Information
Standard status
Active
Size
17,279 SF
Lot size
0.26 Acres
Property subtype
Multifamily
Occupancy
85%
Amenities
Nearly 50% vacant with lease up control
Optimal unit mix for the submarket
Value add through light interior upgrades
Spacious floor plans
Positioned near Skyland Town Center
Steps from Anacostia Commercial Corridor
Building Details
Building Size
17,279 SF
Units
20
Listing Agency:
Marcus & Millichap - Washington, D.C.
(202) 536-3780
Listed By:
John Slowinski · License #License(s): MD: 5002965, DC: SP200205349
(202) 536-3780
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 8
Last Checked: Aug 8 at 6:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
Located in the Anacostia neighborhood of Washington, DC, 1721 T Street SE is a 20-unit multifamily asset. Constructed in 1960, the building totals 17,279 gross square feet and is situated on an 11,291 square foot lot zoned RA-2. The unit mix includes fourteen 1-bedroom units averaging approximately 712 square feet, and six 2-bedroom units averaging approximately 875 square feet. The property features central building systems and on-site laundry facilities. Currently, 9 of the 20 units are vacant, presenting an opportunity for a new owner to implement a strategic lease-up process while completing light interior upgrades. The property is well-suited for light interior upgrades, allowing a new owner to increase rents through a combination of market rate and HCVP leasing strategies while the neighborhood continues to improve. The property is positioned to benefit from the growth of Skyland Town Center and the expansion of the Anacostia neighborhood, which has seen an increase in restaurants and retail establishments. Skyland Town Center, less than half a mile away, is planned to be the largest retail hub in southeast Washington, DC, and includes retail such as Lidl, CVS Pharmacy, Chase Bank, pizza, Mezeh, Starbucks, Tropical Smoothie Cafe, and Jersey Mike's. The Crest, a complex featuring ground-floor retail and 263 multifamily units, opened in 2021. When fully realized, this 18-acre development will encompass over 137,000 square feet of retail space and more than 450 residential units.
Key Highlights
- Value‑add opportunity with nearly 50% vacancy, allowing for strategic lease‑up and interior upgrades to increase cash flow.
- Located in Anacostia, a submarket positioned for above‑average growth.
- Proximity to Skyland Town Center, the largest retail hub in Southeast Washington, DC.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,200
Businesses Nearby
Explore this area
Business Placement
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 20-unit multifamily asset in the Anacostia neighborhood of Washington, DC.
Where is this apartment building located?
The property is located at 1721 T St SE Washington, DC.
What are key features of this property?
This property features: Value‑add opportunity with nearly 50% vacancy, allowing for strategic lease‑up and interior upgrades to increase cash flow.; Located in Anacostia, a submarket positioned for above‑average growth.; Proximity to Skyland Town Center, the largest retail hub in Southeast Washington, DC.
