Multifamily Property Near Metro
For Sale
Contact for pricing
5611 7th Street Northwest, Washington, DC 20011
Income-producing multifamily property with upside potential near metro.
Property Size7,850 SF
Price / SF$216.56
Days on Market143
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Property Features for 5611 7th Street Northwest
General Information
Standard status
Active
Size
7,850 SF
Property subtype
Multifamily
Zoning
RF-1
Occupancy
90%
Building Details
Year Built
1931
Listing Agency:
Feldman Ruel
Listed By:
Alex Petrov · License #MD-5017551
Source:
Crexi
Added: May 26
Changed: Oct 15
Last Checked: Oct 14 at 8:32PM
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 Feldman Ruel
Investment Insights
Based on property information with market context.
This income-producing multifamily property is a well-maintained asset with recent capital expenditures and minimal deferred maintenance. The property offers strong operating efficiencies, with units separately metered for electric and gas. It presents a significant upside potential through conversion to voucher tenants, currently operating at market rates. The property is located approximately 0.5 miles from the Petworth and Fort Totten Metrorail stations, providing access to the Red, Green, and Yellow lines. The building has a size of 7,850 square feet and benefits from strong physical and economic occupancy.
Key Highlights
- Stable, income‑producing asset with strong occupancy.
- Significant upside potential by converting to voucher tenants.
- Well‑maintained with recent CapEx and minimal deferred maintenance.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,941
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,498,820
$2.5M
Cap Rate 7%
$1,784,871
$1.8M
Cap Rate 9%
$1,388,233
$1.4M
Market Conditions
NOI Build-Up for 7,850 SF
Gross rent
$241.2K $30.72/SF
− Vacancy
−$14.0K −$1.78/SF
EGI
$227.2K $28.94/SF
− OpEx
−$102.2K −$13.02/SF
NOI
$124.9K $15.92/SF
Area
ZIP 20011
Vacancy
5.80%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,498,820
Cap Rate 7%
$1,784,871
Cap Rate 9%
$1,388,233
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,941 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.05M
$3.55M – $4.73M
NOI $283,708 @ 7.0% cap · market cap 16.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,635
Businesses Nearby
Explore this area
Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing multifamily property with upside potential near metro.
Where is this apartment building located?
The property is located at 5611 7th Street Northwest Washington, DC.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Stable, income‑producing asset with strong occupancy.; Significant upside potential by converting to voucher tenants.; Well‑maintained with recent CapEx and minimal deferred maintenance.
