High Vacancy for Immediate Reposition | 15 Unit Multifamily | Washington, DC

Highlights:

• Well-Maintained Asset: Professionally managed, all systems, in-unit facilities, and common area spaces have been regularly serviced and upgraded as needed.
• 73% Vacant, Immediate Reposition Potential: With 11 out of 15 units currently vacant, this property offers significant flexibility for immediate repositioning and value creation.
• Adjacent to Brand New CCPrep Academy: This property is poised to benefit significantly from the academy's presence.
• Qualified Opportunity Zone Investment: Property offers potential tax benefits, including deferral and reduction of capital gains on exit.
• Ward 8 Epicent: Nestled in the vibrant heart of Downtown Anacostia, this property enjoys a strategic location across from Anacostia Library, adjacent to a major Ward 8 artery.
• Above-Average Square Footage: The units in this building are larger than typical units in the neighborhood and surrounding areas.

Description:

RI Marketplace Online Auction June 23-25, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2545/high-vacancy-for-immediate-reposition-15-unit-multifamily-washington-dc?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_2545

Greysteel in conjunction with RealInsight Marketplace, is pleased to offer for sale 1957 19th Place SE, a 15 unit multifamily building locate in Washington, DC. Situated in the Anacostia neighborhood, this property offers a prime value-add opportunity for investors through various value add opportunities. With ongoing redevelopment in the area and a strong demand for rental housing, this property is poised for long-term appreciation.

This meticulously maintained property is in excellent condition, ensuring minimal immediate capital expenditure by new ownership. With 11 out of 15 units currently vacant, this property offers significant flexibility for immediate repositioning and value creation.

Located in a designated Opportunity Zone, this property offers potential tax benefits, including deferral and reduction of capital gains on exit, making it an attractive investment opportunity.

Lynne Zink
c/o Fisher Auction Company Inc.
License: 69004285

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