Marcus & Millichap is proud to present the market & pricing analysis for 5036 Astor Pl SE in DC’s rapidly developing Marshall Heights neighborhood in Ward 7. Built in 1965, this Low-Rise Apartment consists of 9 2BD/1BA units and has a total rentable area of 8,540 SF. The current owner has done exceptionally well maintaining this asset for roughly 14 years and is ready to give a potential investor the opportunity to enter into a high barrier market at a low financial commitment. Current rents average at $1,189 per unit, however, there is additional value upside by raising rents to Housing Choice VoucherProgram Standards ($1,275 for 2-Bedroom Unit).

INVESTMENT HIGHLIGHTS

Large 2 Bedroom/1 Bathroom Units

9 Existing Parking Spaces

Located within 1.5 Miles to 3 Metro Stops
(Benning Road Metro, Capitol Heights Metro, Minnesota Avenue Metro)

0.5 Miles to Maryland Border

2 Miles to RFK Stadium and Anacostia Waterfront