$ 1,500,000
-
$1,500,000
Price -
8
Bed -
0
Bath -
2,100
SqFt
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About the Listing M&MRE1 - 3005273
***As of March 27th, a Seller Credit is being offered at 2%** Marcus & Millichap is pleased to exclusively present a fully renovated four-unit apartment buildings located at 543 Florida Avenue NW (4 -2BR/2 BA) in the highly desirable Columbia Heights / Shaw submarket of Northwest Washington, D.C. The offering represents a rare opportunity to acquire a renovated multifamily asset with strong in-place cash flow, multiple exit strategies, and long-term appreciation upside in one of the District’s most resilient rental markets. There is also an option to purchase 1500 Columbia Avenue NW (4-3BR/1 BA) in the same submarket. The portfolio consists of eight total units across two separately metered buildings, offering buyers flexibility to acquire individually or as a combined investment. Both assets have undergone substantial renovations, including modernized interiors and upgraded building systems, reducing near-term capital expenditure risk and providing immediate operational stability. From a financial standpoint, the properties deliver attractive going-in CAP rates ranging from approximately 6.99% to 7.39%, with NOI of approximately $271,000 combined, and strong Debt Coverage Ratios (1.30x–1.38x). A Proforma CAP Rate of 9.53% for 543 Florida Avenue. Shaw Duo offers strong in-place income, and market-supported rent growth in a low vacancy submarket. These four-unit buildings also present an exceptional opportunity for owner-occupants seeking to offset housing costs through rental income. FHA financing is available for qualified buyers, significantly expanding the buyer pool. In high-cost markets such as Washington, D.C., the 2026 FHA loan limit for a four-unit property is approximately $2.4 million, allowing buyers to acquire these assets with low down payment requirements while benefiting from market-rate rents. With close proximity to Howard University, this opportunity is also well-suited for parents purchasing housing for a student while renting the remaining units to fellow students or young professionals. This strategy enables parents to convert housing expenses into a long-term investment, offset ownership costs through rental income, and retain a highly marketable asset upon graduation. The unit layouts, neighborhood amenities, and transit access align well with student and early-career renter demand, making this a compelling alternative to traditional student housing or condominium ownership.
Listing Highlights
Status
Active
Days on Site
5
Property Type
Multi-Family
MLS ®
DCDC2252868
Year Built
1900
Total Square Footage
2,100
Lot/Acreage
0.01
County
Washington
School District
District Of Columbia Public Schools
Interior Details
- Bedrooms: 8
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Energy Star Cooling System
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2100
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: MU-4
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $9,995
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
543 Florida Ave NW Washington, DC 20001
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