2859 Denver St Se, Washington, DC 20020

$750,989

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List Price: $750,989
Price Change: ▼ $44,176 1784684685
Days on Market: 95
Status: ACTIVE
MLS#: DCDC2253442
Lot Size (Acres): 0.1
Year Built: 1943
County: Washington DC
School District: District Of Columbia Public Schools

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Property Description

Fully stabilized, 100% occupied 5-unit furnished multifamily in Naylor Gardens (SE DC, 20020) — now priced to trade. Built 1943, comprehensively renovated in 2025 from Class C shell to renovated Class B workforce housing through unit-by-unit rehabilitation. Five individually metered 1BR/1BA units, each fully furnished with in-unit washer/dryer, smart TV, queen bed, dedicated workspace, Keurig, and full kitchenware. All-electric, separately metered per unit; shared water only. 3,780 gross SF on a 4,560 SF lot. Roof replaced 2018. Generating $92,703 in annualized gross income with pro forma NOI of $67,589 — a 9% cap rate at the current list price, with additional upside through repositioning of unit rates. Turnkey furnished product requiring no capital infusion at closing. Federal Opportunity Zone and HUBZone designations offer potential tax advantages for qualifying buyers. Over $500 million in active development within one mile, including Skyland Town Center Phase 3 (0.3 miles) and Barry Farm Redevelopment (0.9 miles), anchored by Lidl and the city's first drive-through Starbucks. Full Offering Memorandum, financials, and rent roll available to qualified buyers with a signed confidentiality agreement. All five units tenant-occupied — showings by appointment with advance notice; please do not disturb or approach occupants. Contact listing agent to schedule.

(703) 898-1056

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