259-Unit Affordable Housing | Meadowbrook Run | Washington, DC

Highlights:

• 259-Unit Affordable Housing Asset in SE DC: 259 units across 25 buildings at 3647 6th St. SE, totaling 192,359 SF of net rentable area.
• 52% Rent Upside to Max Allowable LIHTC Rents: Average rent of $1,321 trails the $2,008 Max Net TC Rent average across the unit mix.
• RA-2 Upzoning Unlocks Dense Redevelopment: 2023 rezoning to RA-2 permits 1.8 FAR, 2.16 for IZ, and 50-foot height with no story limit.
• 100% Real Estate Tax Exemption for Buyer: Nonprofit ownership structure preserves the property's exemption under D.C. Code 47-1005.02.
• Well-Maintained Asset, Minimal Deferred Capex: No major deferred maintenance; recent capex covers paving, security gates, and stair treads.
• SE DC Submarket Riding Redevelopment Wave: Cutting-edge office, retail, and public space development surrounds the Southeast DC portfolio.

Description:

RealINSIGHT Marketplace, in partnership with Berkadia, is pleased to present Meadowbrook Run, a 259-unit affordable housing community at 3647 6th St. SE in Washington, D.C., encompassing 192,359 SF across 25 buildings built in 1960 and renovated in 2002. The property is 100% restricted under Section 42 LIHTC and HPTF regulatory agreements at 60% AMI, with current average rents of $1,321 sitting roughly 34% below the $2,008 average Max Net Tax Credit rent, offering a clear path to income growth alongside continued vacancy and bad debt recovery. In 2023, ownership secured an RA-2 rezoning that permits up to 1.8 FAR (2.16 for inclusionary zoning) and 50-foot heights with no story limit, supporting a contemplated three-phase redevelopment of roughly 213 apartment units, a 46-unit senior building, and 52 for-sale townhomes. A continuing nonprofit ownership component preserves the asset's full real estate tax exemption. Located in a Southeast D.C. submarket undergoing a wave of office, retail, and public space redevelopment, with proximity to WMATA Metro and MetroBus service, Meadowbrook Run offers buyers scale, in-place cash flow upside, and optionality.

**Meadowbrook Run is offered as part of the 415-unit Enterprise Portfolio alongside Arbor View. Properties can be acquired individually or in combination.


For more information:
https://rimarketplace.com/auction/3304/multifamily/washington-dc/dc?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=september24_2026&utm_content=multifamily_3304

Bidding Opens
Sep 23, 2026 12:00 AM
Bidding Ends
Sep 25, 2026 02:33 AM