5100 B SE St Washington, DC 20019-6409
- Apartment buildings
- 13,471 SF
- 0.37 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 5100 B SE St
- Year built
- 1965
- Construction
- BRICK
- Lot size
- 0.37 lot acres
- Property size
- 13,471 SF
- Zone code
- R-3
- Property type
- Apartment buildings
- APN
- 5309 0042
- APU
- 53090042
Description
This 18-unit apartment building, located at 5100 B Street SE in Washington, DC's Marshall Heights neighborhood, presents a compelling investment opportunity. The three-story, 15,350 square foot building sits on a 16,000 square foot lot with R-3 zoning and offers a mix of 12 one-bedroom and six two-bedroom units. Built in 1965, the property includes a basement and 10 off-street parking spaces—a valuable amenity in this area. Four units are currently vacant, providing immediate potential for increased rental income. While some units feature updated appliances and bathrooms, the current average rent of $1,020 is significantly below market average ($1,530), offering substantial rent growth potential. The property's location near the DC-Maryland border and proximity to large-scale developments in Southeast and Northeast DC contributes to its long-term value. The expansive lot size also allows for future development possibilities. This well-positioned property offers a blend of immediate income generation and significant upside potential for savvy investors seeking a strong return on investment in a rapidly improving neighborhood. The property's desirable unit mix and existing parking further enhance its appeal.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $435,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $446,000
Market price range: $447k - $986k
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Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -76.9277
- Latitude
- 38.8865
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA