1500 COLUMBIA RD NW, Washington, DC 20009

• 2,909 sqft

Property Description

**New price adjustment on April 20th** Marcus & Millichap is pleased to exclusively present a fully renovated four-unit apartment buildings located at 1500 Columbia Road NW (4 -3BR/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 543 Florida Avenue NW (4-2BR/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. A ProForma CAP rate of 8.81% for 1500 Columbia Road NW. 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 fellowstudents 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. Columbia Heights remains one of Washington, D.C.’s most transit-oriented, and demographically diverse submarkets. Anchored by the Columbia Heights Metro Station (Green/Yellow Lines) and the 14th Street NW commercial corridor, the neighborhood benefits from exceptional walkability, dense retail amenities, and proximity to maj

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 5:17AM

Listing Office:

Marcus & Millichap Real Estate : 2025363700

Listing Agent:

Lorenzo M Wooten Jr. : 2025363742

MLS ID:

DCDC2244846

Interior

• Appliances: DishwasherDisposalDryerExhaust FanFreezerIcemakerMicrowaveOven/Range - GasRange HoodRefrigeratorWasher
• Basement: Full
• A/C: Central A/C
• Heating: Hot WaterNatural Gas
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Victorian
• Other Structures: PorchBalconies- Multiple

Construction

• General: BrickConcrete Perimeter

Location

• Originating MLS: BRIGHT_MAIN
• School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
• County: WASHINGTON-DC

Lot

• Zoning: R52577//0035

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN
• Exclusions: None