Stabilized 5-Unit Furnished
2859 DENVER STREET SE Washington, DC 20020
For Sale
$750,989
Renovated 5-unit, each separately metered and furnished, with in-unit washer/dryer and queen bed.
Property Size3,780 SF
Lot Size0.10 Acres
Price / SF$198.67
Days on Market100
Property Features for 2859 DENVER STREET SE
General Information
Standard status
Active
Size
3,780 SF
Lot size
0.10 Acres
Property subtype
Multi-Family
Building Details
Year Built
1943
Listing Agency:
(202) 670-7029
Listed By:
Samson Properties
(202) 670-7029
Source:
Xome
Added: Apr 22
Changed: Jul 24
Last Checked: Jul 30 at 2:48AM
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 fully stabilized 5-unit multifamily property was built in 1943 and comprehensively renovated in 2025. Each unit is a furnished 1BR/1BA with a dedicated workspace, smart TV, queen bed, Keurig, and full kitchenware, along with an in-unit washer/dryer. The building is all-electric and separately metered per unit, with shared water only. The roof was replaced in 2018.
The property is located in the Naylor Gardens area of Southeast Washington, DC. It sits on a 4,560 SF lot and totals 3,780 gross SF. The offering highlights nearby neighborhood development activity within one mile, including Phase 3 of Skyland Town Center and the Barry Farm Redevelopment.
All five units are currently 100% occupied and generating annualized gross income of $92,703, with a stated pro forma NOI of $67,589. Federal Opportunity Zone and HUBZone designations are noted as potential tax advantages for qualifying buyers. A full offering memorandum, financials, and rent roll are available to qualified buyers with a signed confidentiality agreement. Showings are by appointment only with advance notice; please do not disturb or approach occupants.
The property is located in the Naylor Gardens area of Southeast Washington, DC. It sits on a 4,560 SF lot and totals 3,780 gross SF. The offering highlights nearby neighborhood development activity within one mile, including Phase 3 of Skyland Town Center and the Barry Farm Redevelopment.
All five units are currently 100% occupied and generating annualized gross income of $92,703, with a stated pro forma NOI of $67,589. Federal Opportunity Zone and HUBZone designations are noted as potential tax advantages for qualifying buyers. A full offering memorandum, financials, and rent roll are available to qualified buyers with a signed confidentiality agreement. Showings are by appointment only with advance notice; please do not disturb or approach occupants.
Key Highlights
- Comprehensively renovated 5‑unit multifamily built in 1943, with 3,780 gross SF on a 4,560 SF lot
- Five individually metered 1BR/1BA units, each fully furnished and equipped with in‑unit washer/dryer and a queen bed
- Each unit includes dedicated workspace, smart TV, Keurig, and full kitchenware
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 | $115.7k | $30.60 |
| − Vacancy | −$7.2k | −$1.90 |
| EGI | $108.5k | $28.70 |
| − OpEx | −$48.8k | −$12.92 |
| NOI | $59.7k | $15.79 |
3,780 SF · lease $30.60/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$852.5K
$745.9K – $994.6K
NOI $59,673 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,613 @ 7.0% cap · market cap 18.19%
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 - Renovated 5-unit, each separately metered and furnished, with in-unit washer/dryer and queen bed.
Where is this apartment building located?
The property is located at 2859 DENVER STREET SE Washington, DC.
What is the asking price?
The asking price for this property is $750,989.
What are key features of this property?
This property features: Comprehensively renovated 5‑unit multifamily built in 1943, with 3,780 gross SF on a 4,560 SF lot; Five individually metered 1BR/1BA units, each fully furnished and equipped with in‑unit washer/dryer and a queen bed; Each unit includes dedicated workspace, smart TV, Keurig, and full kitchenware
