1732 Trinidad Ave Ne Washington, DC 20002
Eight-unit multifamily property in demand Trinidad neighborhood with value-add potential.
Property Features for 1732 Trinidad Ave Ne
General Information
- Standard status
- Active
Building Details
- Year built
- 1938
Source:
Corcoran
Listing Agent: Frederick Hubig
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Multifamily Investment in Trinidad, DC
This eight-unit multifamily property presents a blend of value-add potential and stable cash flow within Washington, D.C.’s Trinidad neighborhood. The property features larger three- to four-bedroom units designed for workforce housing. Some units have been recently renovated, while others are undergoing upgrades. Currently, six units are occupied, generating $14,706 per month, which equals $176,472 annually. There are two vacant units ready for tenant placement, pending business license updates. The property benefits from Section 8 tenants, ensuring consistent rental income. The unit mix includes five three-bedroom units, each with 663 square feet and an average rent of $2,765 per month; one four-bedroom unit with 935 square feet, which is currently vacant and has premium rent potential; and two two-bedroom units, each with 398 square feet and an average rent of $1,838 per month. Immediate occupancy of the two vacant units could increase annual gross income to $248,472, representing a 41% increase, with a potential of $5,800 per month. The property is located in Trinidad, a rapidly developing area near Union Market, H Street Corridor, and Capitol Hill.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Washington
- County
- District of Columbia
- State
- DC
- Longitude
- -76.9826644
- Latitude
- 38.9086613
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property in demand Trinidad neighborhood with value-add potential.
Where is this apartment building located?
The property is located at 1732 Trinidad Ave Ne Washington, DC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: - Value-add potential with 2 vacant units offering immediate pro forma upside (+$5,800/month potential).; - Stable cash flow from 6 occupied units generating $14,706/month ($176,472/year).; - Optimized unit mix featuring larger 3-4 bedroom units ideal for workforce housing.