2859 DENVER ST SE
Washington, DC 20020

Description:

Fully stabilized 5-unit furnished multifamily investment in the Naylor Gardens neighborhood of Southeast Washington, DC (20020). Built in 1943 and comprehensively renovated in 2025, repositioned from a Class C shell into renovated Class B workforce housing through comprehensive unit-by-unit rehabilitation. The property offers five individually metered 1BR/1BA units, each fully furnished with in-unit washer/dryer, smart TV, queen bed, dedicated workspace, Keurig, and full kitchenware. All-electric and separately metered per unit; shared water only. 3,780 gross SF on a 4,560 SF lot. Zoned R-5-A. Roof replaced 2018. Currently 100% occupied, generating $92,703 in annualized gross income. Pro forma NOI of $67,589 reflects an 8.5% cap rate at the list price. Turnkey furnished product with value-add upside through repositioning of unit rates. Federal Opportunity Zone and HUBZone designations offer potential tax advantages for qualifying buyers. The location benefits from over $500 million in active neighborhood development within one mile, including Phase 3 of Skyland Town Center (0.3 miles) and the Barry Farm Redevelopment (0.9 miles), anchored by Lidl and the city's first drive-through Starbucks. Comparable furnished units in the DC metro are priced significantly higher by national operators, positioning the subject's furnished product competitively within its submarket. Full Offering Memorandum, financials, and rent roll available to qualified buyers with a signed confidentiality agreement. All five units are tenant-occupied — showings by appointment only with advance notice; please do not disturb or approach occupants. Contact listing agent to schedule and to receive detailed financials.