5920 FOOTE ST NE Washington, DC 20019
8,019 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,019 sqft
Price per Sqft $124
MLS Listing ID DCDC2198674
Originating Board BRIGHT
Year Built 1952
Annual Tax Amount $9,016
Tax Year 2024
Lot Size 6,681 Sqft
Acres 0.15
Property Sub-Type Five Or More Units
Property Description
Foote Flats is a 12-unit multifamily building located in the highly desirable Deanwood neighborhood. This property offers a prime opportunity for value creation though a combination of physical upgrades and repositioning.
SIGNIFICANT VALUE-ADD POTENTIAL:
The building offers multiple avenues for increasing revenue. Current rents are well below market levels, with comparable units in the area achieving higher rents. Investors can further capitalize by reconfiguring units, optimizing layouts, and leveraging current vacancies to increase gross rental income.
ABOVE-AVERAGE UNIT SIZES:
The units are larger than typical comparables in the area, offering flexibility for a new owner. This additional square footage presents conversion opportunities—such as transforming one-bedroom units into two-bedroom configurations and two-bedrooms into three-bedroom layouts—further enhancing the asset's value and return on investment.
PRIME, WELL-CONNECTED LOCATION:
The Property is located just a 15-minute walk from the Capitol Heights Metro Station and sits directly adjacent to Eastern Avenue, with convenient access to multiple bus routes. This central location offers excellent connectivity across the DMV region, meeting the growing demand for housing options with easy access to public transportation.
PROXIMITY TO HD WOODSON HIGH SCHOOL:
The Property's proximity to HD Woodson High School offers a strategic advantage. Being just a block away from this newly renovated school with modern facilities and active community programs makes the location especially attractive to families. This appeal is likely to drive demand for larger units, foster long-term leases, and enhance the overall neighborhood desirability.
Location
State DC
County Washington
Zoning RA-1
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5256//0040
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Steve Vargas
Team Leader/ Associate Broker/ Director of Growth and Agent Success | License ID: 0225224352-Virginia 678920-Mar