543 Florida Ave Nw, Washington, DC 20001
Local realty services provided by:Mountain Realty ERA Powered
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#:DCDC2252868
Source:BRIGHTMLS
Price summary
- Price:$1,500,000
- Price per sq. ft.:$714.29
About this home
***As of March 27th, a Seller Credit is being offered at 2%**
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). A Proforma CAP Rate of 9.53% for 543 Florida Avenue.
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....
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Home facts
- Year built:1900
- Listing ID #:DCDC2252868
- Added:3 day(s) ago
- Updated:March 31, 2026 at 01:32 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
- Architectural Style:Art Deco
- Construction Materials:Brick
- Foundation Description:Slab
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,500,000
- Price per sq. ft.:$714.29
- Tax amount:$9,995 (2025)
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