Six-Unit Apartment
5601 Colorado Avenue NW, Washington, DC 20011
Well-maintained brick building with six one-bedroom units, in-building laundry, basement storage, and off-street parking.
Type:Multifamily
Property size:
5,600 SFPrice / SF:
$241/SF- Added:
- Jun 11, 2026
- Days on Market:
- 20
- Last Refresh:
- Jun 20 at 4:17 am
Property Features for 5601 Colorado Avenue NW
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1936
Listing office Century 21 New Millennium
Listing date Jun 11, 2026
Source Crexi
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 Century 21 New Millennium
HighLights
- Built in 1936, six‑unit brick apartment building with six 1‑bedroom/1‑bath units
- Spacious 1‑bedroom floor plans with hardwood flooring; updated kitchens in select units
- On‑site laundry facilities plus basement storage for added resident and building utility
- Off‑street parking availability
- Annual income and expenses based on 2025 full‑year figures: ~$148,164 gross income and ~$30,445 operating expenses
- Estimated NOI of ~$117,719 and an estimated 8.7% capitalization rate at the asking price of $1,350,000
Overview
Built in 1936, 5601 Colorado Avenue NW is a classic brick six-unit apartment building featuring six one-bedroom, one-bath homes. The units offer spacious floor plans and hardwood flooring, and updated kitchens are included in select apartments. The building includes on-site laundry facilities and basement storage, with off-street parking available for residents.
Located in the 16th Street Heights/Brightwood Park area of Northwest Washington, DC, the property provides convenient access to Rock Creek Park, 16th Street, public transportation, and neighborhood shopping and dining. It also sits within reach of major commuter routes throughout the District and surrounding metropolitan area.
Current operations include a mix of market-rate and voucher-assisted tenancy, which diversifies the resident profile. Based on current rents, the building generates approximately $148,164 in annual gross income, and after operating expenses of approximately $30,445 annually, it produces an estimated $117,719 Net Operating Income (NOI). The provided figures indicate an estimated 8.7% capitalization rate at the asking price of $1,350,000, based on 2025 full-year expenses.
Located in the 16th Street Heights/Brightwood Park area of Northwest Washington, DC, the property provides convenient access to Rock Creek Park, 16th Street, public transportation, and neighborhood shopping and dining. It also sits within reach of major commuter routes throughout the District and surrounding metropolitan area.
Current operations include a mix of market-rate and voucher-assisted tenancy, which diversifies the resident profile. Based on current rents, the building generates approximately $148,164 in annual gross income, and after operating expenses of approximately $30,445 annually, it produces an estimated $117,719 Net Operating Income (NOI). The provided figures indicate an estimated 8.7% capitalization rate at the asking price of $1,350,000, based on 2025 full-year expenses.
Local 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 | $172.0k | $30.72 |
| − Vacancy | −$10.0k | −$1.78 |
| EGI | $162.1k | $28.94 |
| − OpEx | −$72.9k | −$13.02 |
| NOI | $89.1k | $15.92 |
5,600 SF · lease $30.72/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.49M
NOI $89,130 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.89M
$2.53M – $3.37M
NOI $202,390 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -77.0319032
- Latitude
- 38.9574718
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained brick building with six one-bedroom units, in-building laundry, basement storage, and off-street parking.
Where is this apartment building located?
The property is located at 5601 Colorado Avenue NW Washington, DC.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Built in 1936, six‑unit brick apartment building with six 1‑bedroom/1‑bath units; Spacious 1‑bedroom floor plans with hardwood flooring; updated kitchens in select units; On‑site laundry facilities plus basement storage for added resident and building utility
