Semi-Contiguous 25-Unit Multifamily
For Sale
Contact for pricing
2775 Naylor Road SE, Washington, DC 20020
Six semi-contiguous multifamily properties totaling 25 units are offered under common ownership in Southeast Washington, D.C.
Property Size19,304 SF
Lot Size0.75 Acres
Price / SF$336.72
Days on Market22
Property Features for 2775 Naylor Road SE
General Information
Standard status
Active
Size
19,304 SF
Class
C
Lot size
0.75 Acres
Property subtype
Multifamily
Occupancy
80%
Investment Type
Stabilized
Net Operating Income
$338,255
Additional Details
Cap Rate
7.1%
Multifamily Units
25
Building Details
Year Built
1943
Buildings
6
Units
25
Tenancy
Multi
Listing Agency:
Realty One Group Performance
Listed By:
Dean Hunter · License #17337
Source:
Crexi
Added: Jul 20
Changed: Aug 8
Last Checked: Aug 10 at 12:57PM
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 Realty One Group Performance
Investment Insights
Based on property information with market context.
The Adamsland Portfolio is a for-sale, single-transaction multifamily assemblage consisting of six semi-contiguous properties totaling 25 residential units, all under common ownership. The portfolio includes approximately 32,863 square feet of assembled land and approximately 19,304 square feet of existing improvements. The unit mix is one one-bedroom apartment, twenty two-bedroom apartments, and four three-bedroom apartments. Current occupancy is approximately 80%, with three of five vacant units in the DCHA voucher lease-up process.
The portfolio is located in Southeast Washington, D.C. The offering materials indicate current annualized scheduled rental income of approximately $427,200 and projected stabilized gross scheduled rental income of approximately $579,324. Underwriting reflects a current NOI of approximately $338,255 and a projected stabilized NOI of approximately $461,413, with an implied stabilized capitalization rate of approximately 7.1% at the asking price. Tours are available by appointment only, and tenants should not be disturbed.
The portfolio is located in Southeast Washington, D.C. The offering materials indicate current annualized scheduled rental income of approximately $427,200 and projected stabilized gross scheduled rental income of approximately $579,324. Underwriting reflects a current NOI of approximately $338,255 and a projected stabilized NOI of approximately $461,413, with an implied stabilized capitalization rate of approximately 7.1% at the asking price. Tours are available by appointment only, and tenants should not be disturbed.
Key Highlights
- Portfolio of six semi‑contiguous multifamily properties with 25 total residential units under common ownership in Southeast Washington, D.C.
- Unit mix: 1 one‑bedroom, 20 two‑bedroom, and 4 three‑bedroom apartments.
- Approximately 32,863 SF assembled land with approximately 19,304 SF of existing improvements.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$304,743
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,094,860
$6.1M
Cap Rate 7%
$4,353,471
$4.4M
Cap Rate 9%
$3,386,033
$3.4M
Market Conditions
NOI Build-Up for 19,304 SF
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.
Gross rent
$590.7K $30.60/SF
− Vacancy
−$36.6K −$1.90/SF
EGI
$554.1K $28.70/SF
− OpEx
−$249.3K −$12.92/SF
NOI
$304.7K $15.79/SF
Area
ZIP 20020
Vacancy
6.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,094,860
Cap Rate 7%
$4,353,471
Cap Rate 9%
$3,386,033
Alternative Uses
Best Use
Apartment 5plus
$4.35M
$3.81M – $5.08M
NOI $304,743 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.97M
$8.72M – $11.63M
NOI $697,668 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25
Residential units
Location Intelligence
Trade Area within ½ mile
604
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 - Six semi-contiguous multifamily properties totaling 25 units are offered under common ownership in Southeast Washington, D.C.
Where is this apartment building located?
The property is located at 2775 Naylor Road SE Washington, DC.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Portfolio of six semi‑contiguous multifamily properties with 25 total residential units under common ownership in Southeast Washington, D.C.; Unit mix: 1 one‑bedroom, 20 two‑bedroom, and 4 three‑bedroom apartments.; Approximately 32,863 SF assembled land with approximately 19,304 SF of existing improvements.
