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Horvath & Tremblay Sells Renovated Multifamily Property In Washington DC For $3.1M

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SOLD
$3,100,000

Dc

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MultiFamily5,671 SF
Sold 06/23/2025
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SOLD

Horvath & Tremblay Sells Renovated Multifamily Property In Washington DC For $3.1M

1833 Swann Street Northwest

See Similar Deals
MultiFamily5,671 SF
Sold 06/23/2025
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Summary

Asset Type:MultiFamily
Price Per Square Foot:$546
Total Square Footage:5,671 SF
Transaction Type:Sale

A multi-family property located at 1833 Swann Street Northwest in Washington, DC was sold for $3,100,000. The asset comprises nine units, providing a price per unit of $344,444. The total square footage of the property is 5,671 square feet, resulting in a price per square foot of $547.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,100,000
  • Units: 9
  • Price Per Unit: $344,444
  • Square Feet: 5,671
  • Price Per Square Foot: $547
  • Market: Washington, DC

Dennis Cravedi and Christian Barreiro from Horvath & Tremblay represented the sale of this fully renovated nine-unit multifamily property in Dupont Circle, which was acquired by a local nonprofit. The firm played a significant role in managing the sale, aiding in the transition of the property into a turnkey asset.

Players

Dennis Cravedi
7 deals$46.3M volume
BROKER

Christian Barreiro
Horvath & Tremblay
7 deals$68.1M volume
BROKER

Horvath & Tremblay
BROKERAGE

Details

SOLD
IMAGE: 06/23/2025 ADDRESS: 1833 Swann Street Northwest MARKET: Washington, DC ASSET TYPE: MultiFamily BROKERS: Dennis Cravedi & Christian Barreiro - Horvath & Tremblay SALE PRICE: $3,100,000 UNITS: 9 ~ PPU: $344,444 SF: 5,671 ~ PPSF: $547 NOTE: Horvath & Tremblay sold a fully renovated nine-unit multifamily property in Dupont Circle for $3.1M, representing a sale price of $344K per unit. The firm exclusively handled the sale, which was to a local nonprofit, highlighting its role in transforming the asset into a turnkey property.

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

$165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98