Vacant 15-Unit Multifamily
2105 M ST NE Washington, DC 20002
For Sale
Contact for pricing
Newly completed, vacant 15-unit multifamily asset with approved condo documents and individually metered construction.
Property Size7,800 SF
Price / SF$500
Days on Market54
Property Features for 2105 M ST NE
General Information
Standard status
Active
Size
7,800 SF
Property subtype
Multifamily
Building Details
Year Built
1943
Listing Agency:
Samson Properties
(571) 349-8200
Listed By:
Aladdin Al Katheri · License #BR200201212
Source:
Crexi
Added: Jun 7
Changed: Jul 23
Last Checked: Jul 29 at 9:34AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This property is a fully completed, condo-grade 15-unit multifamily building delivered vacant. DCRA/DOB sign-offs are in place, with the Certificate of Occupancy described as imminent. The offering includes clean lien waiver documentation and approved condo documents intended to support unit leasing upon close or a unit-by-unit condo sell-out.
The building is described as having individually metered, warranty-backed construction. The remarks indicate permits have been pulled, inspections have been navigated, and the seller has paid all bills associated with completion.
With condo documents approved and the project finished, the building is positioned as deployable at closing, subject to standard leasing and ownership execution. The seller states there is no construction risk and no TOPA clock, and that offers are being reviewed as received.
The building is described as having individually metered, warranty-backed construction. The remarks indicate permits have been pulled, inspections have been navigated, and the seller has paid all bills associated with completion.
With condo documents approved and the project finished, the building is positioned as deployable at closing, subject to standard leasing and ownership execution. The seller states there is no construction risk and no TOPA clock, and that offers are being reviewed as received.
Key Highlights
- Newly completed 15‑unit multifamily asset delivered vacant with TOPA‑clear status
- DCRA/DOB signed off with clean lien waiver in hand; certificate of occupancy is imminent
- Approved condo documents ready for a potential unit sell‑out; building is described as condo‑grade construction
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $257.4k | $33.00 |
| − Vacancy | −$16.0k | −$2.05 |
| EGI | $241.4k | $30.95 |
| − OpEx | −$108.6k | −$13.93 |
| NOI | $132.8k | $17.02 |
7,800 SF · lease $33.00/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.90M
$1.66M – $2.21M
NOI $132,793 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.03M
$3.52M – $4.70M
NOI $281,901 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Newly completed, vacant 15-unit multifamily asset with approved condo documents and individually metered construction.
Where is this apartment building located?
The property is located at 2105 M ST NE Washington, DC.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Newly completed 15‑unit multifamily asset delivered vacant with TOPA‑clear status; DCRA/DOB signed off with clean lien waiver in hand; certificate of occupancy is imminent; Approved condo documents ready for a potential unit sell‑out; building is described as condo‑grade construction
