Renovated 36-Unit Multifamily
For Sale
$2,800,000
5010 Southern Ave SE, Washington, DC 20019
Three residential buildings offer renovated two-bedroom, one-bath units on a 0.73-acre parcel with individually metered electricity.
Property Size24,300 SF
Lot Size0.73 Acres
Days on Market164
Property Features for 5010 Southern Ave SE
General Information
Standard status
Active
Size
24,300 SF
Lot size
0.73 Acres
Property subtype
Multifamily
Occupancy
78%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
7.16%
Multifamily Units
36
Amenities
central washer and dryer
rental office
surface parking lot
36-Unit Multifamily Property Situated on a 0.73-Acre Parcel in Southeast Washington, D.C.
Desirable Unit Mix with a Strong Concentration of Two-Bedroom/One-Bath Apartments Supporting Consistent Tenant Demand
Attractive In-Place Returns with a Projected Year 1 Stabilized CAP Rate of 7.16%
Located in the Marshall Heights Neighborhood, an Area Benefiting from Continued Public and Private Investment
Excellent Access to Major Roadways, Metrobus Routes, and Employment Centers Throughout Washington, D.C. and Prince George's County
Efficient Scale and Layout Allowing for Operational Efficiencies and Additional Value Creation Opportunitie
Building Details
Building Size
24,300 SF
Year Renovated
2015
Units
36
Tenancy
Multi
Listing Agency:
Marcus & Millichap Real Estate
Listed By:
Lorenzo Wooten, CCIM · License #License(s): MD: 629911, DC: SP98367898
(202) 536-3742
Source:
Marcusmillichap
Added: Apr 3
Changed: Sep 4
Last Checked: Sep 13 at 3:57AM
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 Real Estate
Investment Insights
Based on property information with market context.
5010 Southern Avenue SE is a 36-unit multifamily investment comprising three separate residential buildings. All units are configured as two-bedroom, one-bath apartments designed for long-term renters and families. The property underwent a comprehensive renovation in 2015, including new windows, 36 HVAC systems, electrical and plumbing upgrades, and full interior renovations across all units. There is also a large onsite rental office and on-site central washer and dryer facilities. Each apartment is individually metered for electricity, with landlord responsibility limited to water service.
The asset sits on a 0.73-acre parcel and includes an expansive surface parking lot. The property is located in the Marshall Heights neighborhood of Southeast Washington, D.C., with access to Southern Avenue, Pennsylvania Avenue SE, I-295, and multiple Metrobus routes, connecting to Downtown Washington, D.C., Maryland, and surrounding submarkets.
A property condition assessment completed in October 2025 confirmed no immediate capital improvement requirements. The current owner is a nonprofit organization, which may be relevant for a potential real estate tax abatement structure if acquired by another nonprofit buyer. Additional operational income may be supported by the onsite laundry facilities and surface parking.
The asset sits on a 0.73-acre parcel and includes an expansive surface parking lot. The property is located in the Marshall Heights neighborhood of Southeast Washington, D.C., with access to Southern Avenue, Pennsylvania Avenue SE, I-295, and multiple Metrobus routes, connecting to Downtown Washington, D.C., Maryland, and surrounding submarkets.
A property condition assessment completed in October 2025 confirmed no immediate capital improvement requirements. The current owner is a nonprofit organization, which may be relevant for a potential real estate tax abatement structure if acquired by another nonprofit buyer. Additional operational income may be supported by the onsite laundry facilities and surface parking.
Key Highlights
- 36‑unit multifamily investment at 5010 Southern Avenue SE, Washington, DC 20019, in three separate residential buildings.
- All units are 2‑bedroom/1‑bath apartments designed for long‑term renters and families.
- Located on a 0.73‑acre parcel; each unit has individual electricity metering (landlord pays water service).
Property Analytics
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Current Use
Lease Details
36
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 20019, DC
59,601
Population
29,244
Households
2
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
6.1 sq mi
ZIP Area
9,771
Density / Sq Mi
$57,031
Median Household Income
$49,707
Median Earnings
$1,174
Median Rent
$437,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three residential buildings offer renovated two-bedroom, one-bath units on a 0.73-acre parcel with individually metered electricity.
Where is this apartment building located?
The property is located at 5010 Southern Ave SE Washington, DC.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 36‑unit multifamily investment at 5010 Southern Avenue SE, Washington, DC 20019, in three separate residential buildings.; All units are 2‑bedroom/1‑bath apartments designed for long‑term renters and families.; Located on a 0.73‑acre parcel; each unit has individual electricity metering (landlord pays water service).
