Multifamily Property in Washington,
2809 GAINESVILLE Street SE, Washington, DC 20020
MULTI_FAMILY - WASHINGTON, DC
Property size:
4,200 SFLot size:
0.11 AcresPrice / SF:
$261/SF- Added:
- Apr 14, 2026
- Days on Market:
- 39
- Last Refresh:
- May 22 at 8:06 pm
Property Features for 2809 GAINESVILLE Street SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room
- Parking features
- On Street
- Interior features
- Kitchen - Eat-In, Combination Dining/Living
- Appliances
- Disposal, Refrigerator, Oven/Range - Gas, Oven/Range - Electric
- Standard status
- Active
- Size
- 4,200 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5410
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Ceiling Fan(s), Wall Unit(s), Window Unit(s)
Building Details
- Year built
- 1945
- Number of units
- 4
- Building materials
- Brick, Aluminum Siding
Listing agent Pamela Debnam License #SP200200774 (252) 903-3616
Listing office Houwzer, LLC 3033 Wilson Boulevard unit: 771, Philadelphia, DC (202) 866-8787
Listing date Apr 14, 2026
MLS# DCDC2255740
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Licensed for 8 units with Certificate of Occupancy - immediate income potential.
- Prime location: close to 3 Metro Rail stops, Metro bus stop, and the new Skyland Shopping Center and Safeway.
- Security features: high‑definition security cameras, entire property fenced, and well‑lit at night.
- Rooming house includes all utilities, high‑speed internet, basic cable TV, refrigerators, ceiling fans, and A/C units in each room.
- Apartments are self‑contained, with tenants paying for gas and electric.
- Rooftop with spectacular views due to hilltop location.
Overview
This multifamily property in Washington, DC, features a combination of licensed apartments and a rooming house, totaling 8 units. The property includes 4 apartments and 4 rooming house units. All units are equipped with wall-to-wall carpeting, window air conditioning units, and ceiling fans. Kitchens and bathrooms feature ceramic tile. The property benefits from ample natural light due to numerous windows. Heating is provided via baseboard heating, and gas is used for cooking. Recent upgrades include new hallway carpeting and fresh paint on the front and rear of the building. Security is enhanced by high-definition cameras with 1TB storage. The entire property is fenced and well-lit at night with a time-controlled lighting system. There are 2 parking spaces in the rear, along with ample street parking. The apartments are self-contained, with tenants responsible for gas and electric utilities. The rooming house includes all utilities, plus high-speed internet and basic cable TV, with separate refrigerators, ceiling fans, and window AC units in all four rooms. The rooming house has separate access at the rear of the building. The property is located one block from the 7th District Police Station and a Metro bus stop, and three Metro Rail stops are within 10 minutes. The new Skyland Shopping Center and Good Hope Safeway are a short 3-block walk away. The property has 14 bedrooms and 5 baths and is licensed with a Certificate of Occupancy. It offers easy access to all major routes in the DMV. The lot size is 0.1068 acres, and the property size is 4200 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$736.7K
NOI $66,303 @ 9.00% cap · cautious / downside scenario
Moderate
$947.2K
NOI $66,303 @ 7.00% cap · market / base-case scenario
Aggressive
$1.33M
NOI $66,303 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.5k | $30.60 |
| − Vacancy | −$8.0k | −$1.90 |
| EGI | $120.6k | $28.70 |
| − OpEx | −$54.2k | −$12.92 |
| NOI | $66.3k | $15.79 |
4,200 SF · lease $30.60/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$947.2K
$828.8K – $1.11M
NOI $66,303 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,793 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -76.9693651
- Latitude
- 38.8549775
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 8-unit multifamily property with upgrades and convenient location.
Where is this apartment building located?
The property is located at 2809 GAINESVILLE Street SE Washington, DC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Licensed for 8 units with Certificate of Occupancy - immediate income potential.; Prime location: close to 3 Metro Rail stops, Metro bus stop, and the new Skyland Shopping Center and Safeway.; Security features: high‑definition security cameras, entire property fenced, and well‑lit at night.
