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sales rep | Brivity IDX

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543 Florida Ave NW , Washington, DC 20001
$1,399,000
Est. Payment: $7,762.10/mo
8 Bed
2 Bath
2100 Sqft
0.01 Acres
Status: active | Days on site: 92
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M&MRE1 - 3005273
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House Description

New Price Reduction as of 10/23/2026. Seller is also offering a 2% interest rate buy down concession Units 2 and 4 are currently vacant but one of the units can be filled prior to settlement. Marcus & Millichap is pleased to exclusively present a fully renovated four-unit apartment buildings located at 543 Florida Avenue NW (4 -2BR/2 BA) in the highly desirable 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. This asset has 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, this property delivers an attractive stablized CAP rate of 9.96%, once fully leased. This four-unit building also present an exceptional opportunity for owner-occupants seeking to offset housing costs through rental income. FHA financing is available for qualified buyers. In Washington, D.C., the 2026 FHA loan limit for a four-unit property is approximately $2.4 million, allowing buyers to acquire this asset 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 fellow students 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.

Highlights

Listed by Lorenzo M Wooten Jr. , 2025363742 Marcus & Millichap Real Estate , 2025363700. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.01

Year Built

1900

County

Washington

School District

District Of Columbia Public Schools

Listing ID

DCDC2276670

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:8
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Air Cond:Energy Star Cooling System
Fireplaces:
Above Ground Sq Ft:2100
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Zoning:MU-4
Sewer:Public Sewer
Principal Interest
$7,762
Taxes
$833

Home Price

$1,399,000

Loan Details

30 yrs
7.417%

Down Payment

20%
$279,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,762.10

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,762.10 $832.92 $0.00 $8,595.02
Yearly $93,145.18 $9,995.00 $0.00 $103,140.18
Total $2,794,355.43 $299,850.00 $0.00 $3,094,205.43
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Washington, DC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T09:11:29.000Z

© 2026 Bright MLS