2712 Wisconsin NW Ave Washington, DC 20007-4630
- High-rise multifamily apartments
- 113,689 SF
- 0.30 lot acres
Current Use by Public Records
- High-rise multifamily apartments
Property Details for 2712 Wisconsin NW Ave
- Year built
- 1957
- Construction
- STEEL FRAME
- Lot size
- 0.30 lot acres
- Property size
- 113,689 SF
- Zone code
- RA-4
- Property type
- High-rise multifamily apartments
- APN
- 1932 0806
- APU
- 19320806
Description
This exceptional eight-story, 109-unit apartment building presents a rare investment opportunity in Washington, D.C.'s highly desirable Glover Park neighborhood. Boasting 113,689 square feet on a 17,272 square foot lot, this Class C multifamily property, built in 1957, offers significant upside potential. Currently operating at 96.3% occupancy, the building features 39 parking spaces. Its prime location provides unparalleled access to major employment centers within a 20-minute drive, and is steps from the National Cathedral and numerous amenities including Whole Foods, Trader Joe's, Safeway, and the Buzzuto's Cathedral Heights retail center, offering diverse dining and shopping options. The property benefits from a strong renter demographic, with a median household income around $150,000 and a high percentage of residents holding bachelor's degrees or higher. The current owner has achieved strong recent leasing activity and there's a compelling opportunity to increase revenue streams through market adjustments to parking, pet rent, and administrative fees. The location is exceptionally supply-constrained, with no new units under construction within a one-mile radius and limited new supply projected in the next four years. The property is zoned RA-4. This is a truly unique opportunity to acquire a well-positioned asset in a thriving market. The APN is 1932 0806. The address is 2712 Wisconsin Ave, Washington, DC 20007.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $910,000
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Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -77.0737
- Latitude
- 38.9253
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA