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    Kennedy Pl Washington, DC 20011

    Sponsored
    For Sale
    $33,450,000

    Five Class A buildings, 88 units, high ROI.

    Property size:
    80,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity consists of a portfolio of five Class A apartment buildings located in desirable Washington, D.C. neighborhoods. The portfolio totals 88 units and encompasses approximately 80,000 square feet of net rentable space. Built in 2024, these properties offer a compelling combination of immediate and long-term value. The asking price is $33,450,000, representing a price per square foot of $418.12 and a price per unit of $380,113.64. The portfolio boasts a projected annual net operating income (NOI) of $2,568,000, resulting in a pro-forma capitalization rate of 7.68%. The properties are situated on a combined 0.55 acres of land and offer investors the flexibility to maintain them as high-performing rental units or explore conversion into condominiums. This fee simple ownership opportunity presents a strong return on investment in a market known for its consistent growth in rental values and property appreciation. Detailed financial information and property-specific data are available upon request. This is a rare opportunity to acquire a well-positioned, high-quality multifamily portfolio in the heart of Washington, D.C.

    Property Features for 0 Kennedy Pl

    General Information

    Property type
    Multifamily properties
    Square Feet
    80,000 SF
    Class
    A
    Lot Size
    23,958 SF

    Building Details

    Year Built
    2024
    Buildings
    5
    Units
    88

    HighLights

    • Prime Washington, D.C. location in highly desirable areas.
    • Five multifamily properties (88 units, 80,000 sq ft) offering rental income or condo conversion potential.
    • Projected $2.5M annual rental income.
    • $33,450,000 asking price with a 7.68% cap rate.
    • High ROI potential due to D.C.'s strong rental market growth.
    • Exclusive acquisition opportunity for premium multifamily portfolio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -77.03753
    Latitude
    38.9568907

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    FAQs

    What type of property is this?
    Multifamily property - Five Class A buildings, 88 units, high ROI.
    Where is this multifamily property located?
    The property is located at Kennedy Pl Washington, DC.
    What is the asking price?
    The asking price for this property is $33,450,000.
    What are key features of this property?
    This property features: Prime Washington, D.C. location in highly desirable areas.; Five multifamily properties (88 units, 80,000 sq ft) offering rental income or condo conversion potential.; Projected $2.5M annual rental income.
    Request Owner's contact information
    Kennedy Pl Washington, DC 20011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Kennedy Pl Washington, DC 20011
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