The Offering

Summary

  • List Price $3,500,000
  • Occupancy 71%
  • Number of Units 24
  • Unit Mix 18 - 2BR, 6 - 3BR
  • Price Per Unit $145,833
  • Gross Building Area 17,730 SF
  • Lot Size 14,727 SF
  • Zoning RF-1

Investment Summary

Feldman Ruel is pleased to offer for sale 1101–1113 19th Street NE, a 24-unit multifamily property located in the Langston neighborhood of Washington, D.C. The offering provides an investor the opportunity to acquire a well-maintained, income-producing asset in a rapidly improving and increasingly sought-after Northeast submarket. Langston continues to benefit from ongoing redevelopment activity, strong tenant demand, and proximity to major employment drivers and proximity Downtown Washington, D.C. The subject property consists of four contiguous three-story brick buildings—1101, 1105, 1109, and 1113 19th Street NE—presenting as a contiguous structure with four separate entrances. Together, the properties total approximately 17,730 square feet of gross building area across 14,727 square feet of lot area. The total unit mix is comprised of eighteen two-bedroom units and six three-bedroom units, offering desirable layouts. Each unit is separately metered for both electric and gas, reducing landlord operating expenses and supporting efficient operations. Major building systems, roofs, and interiors are in good condition, mitigating near-term capital expenditures for the purchaser.

With TOPA fully cleared, this opportunity eliminates one of the most common causes of delays in the sale of Washington, D.C. multifamily properties and allows for a faster closing that can accommodate purchasers such as those in a 1031 exchange. Offered at $3,500,000 ($145,833 per unit), 1101–1113 19th Street NE is priced below comparable multifamily sales in Northeast Washington, D.C. As of November 2025, occupancy was 71%, creating a value-add lease-up opportunity for investors to bring the remaining units to market or maximum allowable rents. The combination of in-place income, below-market pricing, separately metered utilities, and limited capital expenditures positions the asset as a compelling multifamily investment within an emerging neighborhood poised for continued appreciation.

Investment Highlights

• Attractive Unit Mix | 18 2BRs & 6 3BRs

• TOPA Cleared | Tenant Rights Assigned to Ownership & will Convey to Purchaser

• Well Maintained | Price per Unit in Line with Recent Comparable Sales
• Separately Metered for Electric & Gas which Improves Operational Efficiency

• Immediate Upside through Leasing Units Left Vacant for Sale Process

• Located in a Submarket with Extremely Strong Voucher Rental Rates

Listing Agents

LaMarr Datcher

LaMarr Datcher

Olawale Kusimo

Olawale Kusimo

Investment Associate
Feldman Ruel