543 Florida Ave Nw, Washington, DC 20001
Local realty services provided by:ERA Byrne Realty
543 Florida Ave Nw,Washington, DC 20001
$1,500,000
- 8 Beds
- - Baths
- 2,100 sq. ft.
- Multi-family
- Active
Listed by: lorenzo m wooten jr.
Office: marcus & millichap real estate
MLS#:DCDC2244820
Source:BRIGHTMLS
Price summary
- Price:$1,500,000
- Price per sq. ft.:$714.29
About this home
Marcus & Millichap is pleased to exclusively present a fully renovated four-unit apartment buildings located at 543 Florida Avenue NW (4 -2BR/2 BA) in the highly desirable Columbia Heights / Shaw submarket of Northwest Washington, D.C. The offering represents a rare opportunity to acquire a renovated multifamily asset with strong in-place cash flow, multiple exit strategies, and long-term appreciation upside in one of the District’s most resilient rental markets. There is also an option to purchase 1500 Columbia Avenue NW (4-3BR/1 BA) in the same submarket.
The portfolio consists of eight total units across two separately metered buildings, offering buyers flexibility to acquire individually or as a combined investment. Both assets have undergone substantial renovations, including modernized interiors and upgraded building systems, reducing near-term capital expenditure risk and providing immediate operational stability. From a financial standpoint, the properties deliver attractive going-in cap rates ranging from approximately 6.99% to 7.39%, with NOI of approximately $271,000 combined, and strong Debt Coverage Ratios (1.30x–1.38x). Shaw Duo offers strong in-place income, and market-supported rent growth in a low vacancy submarket. These four-unit buildings also present an exceptional opportunity for owner-occupants seeking to offset housing costs through rental income. FHA financing is available for qualified buyers, significantly expanding the buyer pool. In high-cost markets such as Washington, D.C., the 2026 FHA loan limit for a four-unit property is approximately $2.4 million, allowing buyers to acquire these assets with low down payment requirements while benefiting from market-rate rents.
With close proximity to Howard University, this opportunity is also well-suited for parents purchasing housing for a student while renting the remaining units to fellow students or young professionals. This strategy enables parents to convert housing expenses into a long-term investment, offset ownership costs through rental income, and retain a highly marketable asset upon graduation. The unit layouts, neighborhood amenities, and transit access align well with student and early-career renter demand, making this a compelling alternative to traditional student housing or condominium ownership.
Contact an agent
Home facts
- Year built:1900
- Listing ID #:DCDC2244820
- Added:6 day(s) ago
- Updated:February 11, 2026 at 02:38 PM
Rooms and interior
- Bedrooms:8
- Living area:2,100 sq. ft.
Heating and cooling
- Cooling:Energy Star Cooling System
- Heating:Central, Electric
Structure and exterior
- Year built:1900
- Building area:2,100 sq. ft.
- Lot area:0.01 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,500,000
- Price per sq. ft.:$714.29
- Tax amount:$9,995 (2025)
New listings near 543 Florida Ave Nw
- Open Sat, 11am to 1pmNew
$889,500Active2 beds 2 baths1,492 sq. ft.3014 Dent Pl Nw #36e/46e, WASHINGTON, DC 20007
MLS# DCDC2235720Listed by: COMPASS - Open Sun, 1 to 3pmNew
$389,000Active2 beds 2 baths779 sq. ft.700 16th St Ne #2, WASHINGTON, DC 20002
MLS# DCDC2244418Listed by: COMPASS - Coming Soon
$425,000Coming Soon2 beds 1 baths302 Todd Pl Ne #3, WASHINGTON, DC 20002
MLS# DCDC2244504Listed by: RLAH @PROPERTIES - Coming Soon
$5,000,000Coming Soon4 beds 5 baths1683 34th St Nw, WASHINGTON, DC 20007
MLS# DCDC2245230Listed by: TTR SOTHEBY'S INTERNATIONAL REALTY - Coming Soon
$619,000Coming Soon1 beds 1 baths2425 L St Nw #509, WASHINGTON, DC 20037
MLS# DCDC2245334Listed by: TTR SOTHEBY'S INTERNATIONAL REALTY - New
$699,900Active2 beds 2 baths986 sq. ft.2723 Sherman Ave Nw, WASHINGTON, DC 20001
MLS# DCDC2245348Listed by: WASHINGTON FINE PROPERTIES, LLC - New
$835,000Active2 beds 3 baths1,200 sq. ft.1211 Van St Se #601, WASHINGTON, DC 20003
MLS# DCDC2245358Listed by: WASHINGTON FINE PROPERTIES, LLC - New
$230,000Active-- beds 1 baths2854 Connecticut Ave Nw ##32, WASHINGTON, DC 20008
MLS# DCDC2245532Listed by: SAMSON PROPERTIES - Open Fri, 4:30 to 6:30pmNew
$425,000Active1 beds 1 baths722 sq. ft.1901 Columbia Rd Nw #602, WASHINGTON, DC 20009
MLS# DCDC2245554Listed by: COMPASS - Open Fri, 4:30 to 6:30pmNew
$475,000Active1 beds 1 baths720 sq. ft.1901 Columbia Rd Nw #601, WASHINGTON, DC 20009
MLS# DCDC2245566Listed by: COMPASS