Investment Overview

Marcus & Millichap is proud to exclusively present 2149 N Street NW, a premier four-unit multifamily property located in the heart of Dupont Circle, one of Washington, D.C.'s most vibrant and sought-after neighborhoods. This rare, TOPA-exempt investment opportunity spans 3,780 SF across three levels, featuring four spacious two-bedroom, two-bathroom units, each separately metered for electric and gas. All units are vacant and ready for immediate leasing. Recent capital improvements—including a new roof, updated appliances, a refurbished common area, and unit renovations—greatly reduce the need for upfront investment, allowing new owners to quickly place tenants and generate income. Zoned RA-2/DC, the property is projected to deliver a 7.06% CAP rate with a stabilized Net Operating Income (NOI) of $162,000. Dupont Circle’s high-demand rental market, driven by its proximity to major universities, hospitals, and downtown D.C., commands some of the highest rental rates in the city, averaging 39% above the national average. Located just four blocks from George Washington University, Foggy Bottom Metro, and Dupont Circle Metro, this property is ideally positioned to attract both student renters and professionals seeking convenience and a quick commute. Nestled between Embassy Row, George Washington University, and Downtown D.C., 2149 N Street NW offers immediate income potential with substantial long-term equity growth in one of the nation's most desirable urban neighborhoods.