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Marcus & Millichap Sells Dupont Circle Multifamily For $4.55M

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SOLD
$4,550,000

Dc

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MultiFamily22,645 SF
Sold 05/29/2024
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Property Image
SOLD

Marcus & Millichap Sells Dupont Circle Multifamily For $4.55M

1603 19th Street Northwest

See Similar Deals
MultiFamily22,645 SF
Sold 05/29/2024
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Summary

Asset Type:MultiFamily
Price Per Square Foot:$200
Total Square Footage:22,645 SF
Transaction Type:Sale

The 14-unit apartment property located at 1603 19th Street Northwest in Washington, D.C.'s Dupont Circle neighborhood was recently sold for $4,550,000. The property spans 22,645 square feet, translating to a price per unit of $325,000 and a price per square foot of $201.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,550,000
  • Units: 14
  • Price Per Unit: $325,000
  • Square Footage: 22,645
  • Price Per Square Foot: $201
  • Address: 1603 19th Street Northwest
  • Market: Washington, DC

Marty Zupancic and Ryan Murray of Marcus & Millichap were the brokers who facilitated the sale of the property owned by The Zehner Family. The successful transaction was announced by Marcus & Millichap.

Players

Marty Zupancic
17 deals$127M volume
BROKER

Ryan Murray
Marcus & Millichap
8 deals$35.6M volume(301) 404-7965
BROKER

Details

SOLD
IMAGE: 05/29/2024 ADDRESS: 1603 19th Street Northwest MARKET: Washington, DC ASSET TYPE: Multifamily SELLER: The Zehner Family BROKERS: Marty Zupancic & Ryan Murray - Marcus & Millichap SALE PRICE: $4,550,000 UNITS: 14 ~ PPU: $325,000 SF: 22,645 ~ PPSF: $201 NOTE: Marcus & Millichap announced the sale of 1603 19th St. NW, a 14-unit apartment property in Washington, D.C.'s Dupont Circle neighborhood, fetching $4,550,000, or $325,000 per unit.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,165.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,569.32
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