4013 Gault Pl NE | Washington, DC 20019
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4013 Gault Pl NE
Washington, DC 20019
Multifamily Property For Sale · 6 Units
INVESTMENT HIGHLIGHTS
- Prime Investment Opportunity in Deanwood: Recently gut-renovated, six-unit apartment building in the rapidly developing Deanwood neighborhood
- Exceptional Accessibility: Steps from Minnesota Avenue Metro Station (Orange & Silver lines) and close to the growing Minnesota Avenue retail corridor
- TOPA-Free and Immediate Income Potential: Delivered 100% vacant, while offering market rent potential of $2,380 per unit for immediate cash flow
EXECUTIVE SUMMARY
THE OPPORTUNITY:
4013 Gault Street NE is a vacant six-unit apartment building situated in the rapidly developing Deanwood neighborhood of Washington, DC, offering significant potential for value appreciation.
100% VACANT:
The Property is currently 100% vacant, offering the new owner immediate ability to implement a business plan. The building’s vacancy means the transaction will be TOPA-free, providing a quicker, more efficient closing process without the complications of tenant rights or claims.
TOPA-FREE:
4013 Gault Street NE will be delivered unoccupied meaning the transaction will be TOPA-free. This exemption from the complex TOPA process allows for a more streamlined and efficient closing, reducing potential delays.
RECENT GUT-RENOVATIONS:
The Property underwent a gut renovation in 2018, including upgrades to systems, electrical, appliances, and exteriors. These recent gut renovations reduce the need for future repairs and minimize the potential for additional capital improvements, making it a more stable investment for the purchaser.
HIGH RENT POTENTIAL:
The Asset is well-positioned to capitalize on the strong demand for two-bedroom units in the area. Market rents in the vicinity are estimated at $2,380 per month, offering immediate income potential for the new owner.
UNMATCHED TRANSPORTATION ACCESS:
Located just steps from the Minnesota Avenue Metro Station, which serves both the Orange and Silver lines, the Property offers unparalleled connectivity throughout DC, Maryland, and Northern Virginia. Future plans to extend the Silver Line to Dulles International Airport will only enhance its accessibility. Additional transit options include nearby bus stops and immediate access to I-295, connecting to I-495, I-95, and Route 50.
MINNESOTA AVENUE RETAIL CORRIDOR:
The Property benefits from its proximity to a growing retail corridor along Minnesota Avenue, offering tenants convenient access to walkable shopping and casual dining options. As development continues in the area, tenants will enjoy further amenities in this evolving neighborhood.
4013 Gault Street NE is a vacant six-unit apartment building situated in the rapidly developing Deanwood neighborhood of Washington, DC, offering significant potential for value appreciation.
100% VACANT:
The Property is currently 100% vacant, offering the new owner immediate ability to implement a business plan. The building’s vacancy means the transaction will be TOPA-free, providing a quicker, more efficient closing process without the complications of tenant rights or claims.
TOPA-FREE:
4013 Gault Street NE will be delivered unoccupied meaning the transaction will be TOPA-free. This exemption from the complex TOPA process allows for a more streamlined and efficient closing, reducing potential delays.
RECENT GUT-RENOVATIONS:
The Property underwent a gut renovation in 2018, including upgrades to systems, electrical, appliances, and exteriors. These recent gut renovations reduce the need for future repairs and minimize the potential for additional capital improvements, making it a more stable investment for the purchaser.
HIGH RENT POTENTIAL:
The Asset is well-positioned to capitalize on the strong demand for two-bedroom units in the area. Market rents in the vicinity are estimated at $2,380 per month, offering immediate income potential for the new owner.
UNMATCHED TRANSPORTATION ACCESS:
Located just steps from the Minnesota Avenue Metro Station, which serves both the Orange and Silver lines, the Property offers unparalleled connectivity throughout DC, Maryland, and Northern Virginia. Future plans to extend the Silver Line to Dulles International Airport will only enhance its accessibility. Additional transit options include nearby bus stops and immediate access to I-295, connecting to I-495, I-95, and Route 50.
MINNESOTA AVENUE RETAIL CORRIDOR:
The Property benefits from its proximity to a growing retail corridor along Minnesota Avenue, offering tenants convenient access to walkable shopping and casual dining options. As development continues in the area, tenants will enjoy further amenities in this evolving neighborhood.
PROPERTY FACTS
| Sale Type | Investment | Building Size | 5,373 SF |
| No. Units | 6 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1953 |
| Apartment Style | Low Rise | Parking Ratio | 0.74/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.11 AC |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,373 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 1953 |
| Parking Ratio | 0.74/1,000 SF |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 5077-0805 | Improvements Assessment | $1,077,879 CAD |
| Land Assessment | $279,733 CAD | Total Assessment | $1,357,612 CAD |
PROPERTY TAXES
Parcel Number
5077-0805
Land Assessment
$279,733 CAD
Improvements Assessment
$1,077,879 CAD
Total Assessment
$1,357,612 CAD
ZONING
| Zoning Code | RF-1 |
| RF-1 |
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