Multifamily Asset in
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1721 T St SE, Washington, DC 20020
20-unit multifamily asset in growing Anacostia neighborhood.
Property Size17,279 SF
Lot Size0.26 Acres
Days on Market177
Property Features for 1721 T St SE
General Information
Standard status
Active
Size
17,279 SF
Class
C
Lot size
0.26 Acres
Property subtype
Multifamily
Zoning
RA-2
Occupancy
55%
Building Details
Year Built
1960
Buildings
1
Stories
3
Units
20
Listing Agency:
Marcus & Millichap - Washington, D.C.
(202) 536-3700
Listed By:
Marty Zupancic · License #MD 631902
Source:
Crexi
Added: Feb 18
Changed: Aug 8
Last Checked: Aug 8 at 6:38AM
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 property 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. The property is nearly 50% vacant, with 9 vacant units. The landlord currently pays for utilities. The property is positioned to benefit from the development landscape, including the growth of Skyland Town Center and the expansion of the Anacostia neighborhood, which has seen a surge in restaurants and retail establishments. Skyland Town Center, less than half a mile away, is slated to become the largest retail hub in southeast Washington, DC, and will encompass over 137,000 square feet of retail space and more than 450 residential units. Recent additions to this development include 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.
Key Highlights
- Value‑add opportunity with nearly 50% vacancy, allowing for strategic lease‑up and renovation 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 20-unit multifamily asset in growing Anacostia neighborhood.
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 renovation 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.
