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5501 Foote St
For Sale $1,200,000 ($338.98 per Sq Ft)
$1,200,000 ($338.98 per Sq Ft)
- 4 Units
- 3,540 Sq Ft
- 2,614 Sq Ft
- Unknown Cap Rate
Description
This stabilized 6-unit multi-family asset at 5501 Foote St NE offers a premier investment opportunity in the high-growth Deanwood corridor, currently operating at 66% occupancy with average rents of $1,725 and a consistent 12% year-over-year rental growth. The property features a resilient mix of market-rate and voucher-assisted units, providing immediate cash flow while offering the flexibility to either lease up the remaining vacant units as-is or renovate them to further maximize market rents. With a clear path to an estimated 9% Cap Rate upon full stabilization, this building is perfectly positioned to capture significant upside in one of DC’s most rapidly appreciating submarkets.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,200,000 |
| Property Type | Other |
| Usable Sqft | 3,540 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1960 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2019100233 |
| MLS # | DCDC2259728 |
| Property ID | 322815610 |
| Lot Sqft | 2,614 |
| Zoning | R2 |
| Total Units | 4 |
| Days on Market | 25 |
| Original List Price | Unknown |
| Date Updated | May 04, 2026 |
| Date Created | May 03, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $82,800 | $0 |
| Net Income (Yr) | $ 65,100 |
| Cap Rate | 5.50% |
Listing Provided By
Santiago Noguera an agent of . Lic #SP40000029
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Data last updated: May 28, 2026.
Robert Crawford
REAL ESTATE AGENT