Two-Building Apartment
For Sale
$1,375,000
1836 Central Pl NE, Washington, DC 20002
Separately metered residences with individual heat pumps include two vacant units ready for occupancy.
Property Size10,800 SF
Days on Market150
Property Features for 1836 Central Pl NE
General Information
Standard status
Active
Size
10,800 SF
Property subtype
Multifamily
Property Condition
Severity
Repairs Needed
Evidence
benefit from moderate cosmetic updates
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
12 x 1BR
Multifamily Units
12
Amenities
Portfolio of Two Six-unit Apartment Buildings with a Transferable DHCD Master Lease
100% voucher tenancy providing reliable and predictable cash flow
Minimal capital improvement requirements with upside through light renovations
Offered at an approximately 7.59% stabilized CAP rate with NOI growth potential
Strong location near New York Avenue NE, Union Market, Union Station, and major future development
TOPA process completed, reducing execution risk and time to closing
Building Details
Building Size
10,800 SF
Buildings
2
Units
13
Listing Agency:
Washington, D.C. Office
(202) 536-3742
Listed By:
Lorenzo M. Wooten, CCIM · License #MD: 629911, DC: SP98367898
(202) 536-3742
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 29
Last Checked: Aug 29 at 5:17PM
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 Washington, D.C. Office
Investment Insights
Based on property information with market context.
This apartment portfolio comprises two six-unit buildings with 12 one-bedroom residences and approximately 5,309 square feet in each building. Gas and electricity are separately metered for every unit, and each residence has an individual heat pump. Two units across the portfolio are vacant and ready for occupancy, while the buildings and apartments require moderate cosmetic updating.
A completed TOPA assignment accompanies the sale. The portfolio also includes a transferable master voucher lease covering 100% of the units. Following stabilization of the vacant apartments, the projected performance is a 7.59% CAP rate and an 8.2% cash-on-cash return.
The properties are positioned in Washington, DC’s Brentwood submarket along the New York Avenue NE corridor. Gallaudet University is two blocks away, Union Market is eight blocks away, and Union Station is approximately two miles away. The proposed Washington Commanders stadium is also approximately two miles from the portfolio.
A completed TOPA assignment accompanies the sale. The portfolio also includes a transferable master voucher lease covering 100% of the units. Following stabilization of the vacant apartments, the projected performance is a 7.59% CAP rate and an 8.2% cash-on-cash return.
The properties are positioned in Washington, DC’s Brentwood submarket along the New York Avenue NE corridor. Gallaudet University is two blocks away, Union Market is eight blocks away, and Union Station is approximately two miles away. The proposed Washington Commanders stadium is also approximately two miles from the portfolio.
Key Highlights
- Two six‑unit apartment buildings with 12 one‑bedroom units total
- Approximately 5,309 square feet per building
- Separate gas and electric metering for every unit
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,479
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
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 - Separately metered residences with individual heat pumps include two vacant units ready for occupancy.
Where is this apartment building located?
The property is located at 1836 Central Pl NE Washington, DC.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Two six‑unit apartment buildings with 12 one‑bedroom units total; Approximately 5,309 square feet per building; Separate gas and electric metering for every unit
