40Th St Washington, DC 20007
- Apartment buildings
- 3,360 SF
Current Use by Public Records
- Apartment buildings
Property Details for 0 40Th St
- Year built
- 1940
- Property size
- 3,360 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a fully renovated, four-unit apartment building situated in the prestigious Glover Park neighborhood of Washington, D.C. The property boasts a desirable location at 40th St NW, zip code 20007, and sits on a 4,200 square foot lot. The building, constructed in 1940, is a two-story, Class B multifamily property totaling 3,360 square feet. Currently operating at 100% occupancy, this stabilized investment generates a substantial net operating income (NOI) of $84,000 annually, translating to a compelling 6.51% capitalization rate. The asking price is $1,290,000, or $322,500 per unit, and $383.93 per square foot. The property features four one-bedroom units, each including a den. The permitted zoning is Residential (RA-1), offering potential for future development or renovation. This fee simple ownership provides a rare opportunity to acquire a cash-flowing asset in a highly sought-after Washington, D.C. location. The property's strong financials and prime location make it an ideal addition to any investment portfolio. Further details are available upon request.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District of Columbia
- State
- DC
- Longitude
- -77.0788
- Latitude
- 38.9211
