Congress Heights Portfolio 3 Multifamily Properties in Washington, DC
INVESTMENT HIGHLIGHTS
- 3-Property Portfolio in Congress Heights, Washington, DC, Comprising 44 Large Units with a Well-Balanced and Strong Unit Mix Configuration
- Self-Contained and Efficient Operations: Separately Metered, All-Electric Units Minimize Owner Expenses & Shift Utility Costs to Tenants
- Thriving Neighborhood Redevelopment: Transforming with Thousands of New Homes, +1M SF of Retail, and Major Development Projects Enhancing Appeal
EXECUTIVE SUMMARY
Investment Highlight Summary:
The Congress Heights Portfolio presents an exceptional investment opportunity in one of Washington, D.C.'s fastest-growing neighborhoods. Comprising 44 units across three distinct buildings, this portfolio stands out with its location in a thriving redevelopment area, robust in-place rents, desirable unit mixes, and significant potential for value-add enhancements.
Thriving Neighborhood Redevelopment:
Congress Heights is undergoing a major transformation, with plans for thousands of new residential units and over a million square feet of retail space. Projects like Congress Heights Town Center, St. Elizabeth’s East, Terrance Manor Redevelopment, and Wheeler Renaissance are elevating the submarket's appeal, attracting renters and investors alike.
Self-Contained Operations:
All properties feature separately metered, all-electric units, reducing owner expenses and placing utility costs on tenants. This efficient setup supports consistent operational performance.
Strong Unit Mix and Configuration:
The portfolio features a well-balanced mix of one-bedroom, two-bedroom, and three-bedroom units, thoughtfully designed to cater to the strong demand for diverse housing options in the market. This versatile configuration offers new ownership the flexibility to attract a broad range of tenant profiles, enhancing the ability to optimize both rental income and occupancy rates.
Large Units:
The portfolio features larger-than-average units compared to neighboring buildings, offering exceptional flexibility for value-add opportunities. These spacious layouts create opportunities for strategic unit conversions, such as increasing bedroom density, which can significantly boost income potential. With successful conversions already completed within the portfolio, there is a proven blueprint for replicating these strategies across the remaining units to further maximize returns.
The Congress Heights Portfolio presents an exceptional investment opportunity in one of Washington, D.C.'s fastest-growing neighborhoods. Comprising 44 units across three distinct buildings, this portfolio stands out with its location in a thriving redevelopment area, robust in-place rents, desirable unit mixes, and significant potential for value-add enhancements.
Thriving Neighborhood Redevelopment:
Congress Heights is undergoing a major transformation, with plans for thousands of new residential units and over a million square feet of retail space. Projects like Congress Heights Town Center, St. Elizabeth’s East, Terrance Manor Redevelopment, and Wheeler Renaissance are elevating the submarket's appeal, attracting renters and investors alike.
Self-Contained Operations:
All properties feature separately metered, all-electric units, reducing owner expenses and placing utility costs on tenants. This efficient setup supports consistent operational performance.
Strong Unit Mix and Configuration:
The portfolio features a well-balanced mix of one-bedroom, two-bedroom, and three-bedroom units, thoughtfully designed to cater to the strong demand for diverse housing options in the market. This versatile configuration offers new ownership the flexibility to attract a broad range of tenant profiles, enhancing the ability to optimize both rental income and occupancy rates.
Large Units:
The portfolio features larger-than-average units compared to neighboring buildings, offering exceptional flexibility for value-add opportunities. These spacious layouts create opportunities for strategic unit conversions, such as increasing bedroom density, which can significantly boost income potential. With successful conversions already completed within the portfolio, there is a proven blueprint for replicating these strategies across the remaining units to further maximize returns.
PROPERTY FACTS
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 37,508 SF |
| Total Land Area | 0.64 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 4010 Livingston Rd SE, Washington, DC 20032 | Multifamily | 12,736 SF | 1953 | - |
|
Atlantic Plaza
3928 1st St SE, Washington, DC 20032 |
Multifamily | 11,904 SF | 1965 | - |
| 954 Southern Ave SE, Washington, DC 20032 | Multifamily | 12,868 SF | 1887 | - |
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