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Listed by Sonya Abney • Cosmopolitan Properties Real Estate Brokerage
$825,000
Est. payment /mo
7,778 Sqft Lot
Under Contract
3162 BUENA VISTA TER SE Washington, DC 20020
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID DCDC2244924
Year Built 1944
Annual Tax Amount $5,243
Tax Year 2025
Lot Size 7,778 Sqft
Acres 0.18
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
This detached, self-contained six-unit multifamily building, comprised of six 3BR/1BA apartments, presents a compelling opportunity for both seasoned and first-time investors. The property offers a strong 8% cap rate, delivering immediate and reliable cash flow, with one vacant unit providing a built-in opportunity for lease-up, rental upside, or renovation to further enhance returns. Operations are supported by an on-site property manager, ensuring efficient day-to-day management.
Ideally situated near major retail hubs including Good Hope Marketplace and Skyland Town Center, residents enjoy convenient access to shopping, dining, and essential services. The property is also close to outdoor amenities such as Fort Circle and Oxon Cove, offering a desirable balance of urban convenience and green space. Public transportation is easily accessible with nearby Metro stations and multiple bus routes, enhancing tenant appeal and long-term occupancy stability. Located within a rapidly developing corridor, this asset offers both current income and meaningful value-add and appreciation potential.
A rare opportunity to acquire a stabilized multifamily asset with upside in a growing market—don't miss this one.
Ideally situated near major retail hubs including Good Hope Marketplace and Skyland Town Center, residents enjoy convenient access to shopping, dining, and essential services. The property is also close to outdoor amenities such as Fort Circle and Oxon Cove, offering a desirable balance of urban convenience and green space. Public transportation is easily accessible with nearby Metro stations and multiple bus routes, enhancing tenant appeal and long-term occupancy stability. Located within a rapidly developing corridor, this asset offers both current income and meaningful value-add and appreciation potential.
A rare opportunity to acquire a stabilized multifamily asset with upside in a growing market—don't miss this one.
Location
State DC
County Washington
Zoning RA-1
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5722//0054
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS