5501 FOOTE STREET NE
Washington, DC 20019
Price Upon Request
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.
Listing Courtesy of: Fairfax Realty of Tysons
703-376-7675
| Listing Id: | DCDC2259728 |
|---|---|
| Property Type: | Multi-Family |
| Property Sub Type: | Other |
| Status: | Active |
| Living Area: | 3,540 |
| Tax Annual Amount: | $3,456 |
| Lot Size Square Feet: | 2,614.0 |
| Lot Size Acres: | 0.06 |
| Architectural Style: | Traditional |
| Waterfront?: | No |
| City: | Washington |
| Counties Or Regions: | Washington |
| Postal Code: | 20019 |
| Year Built: | 1960 |
| Number Of Units Total: | 4 |
| Listing Agreement: | Exclusive Right |
| Frequency: | Semi-Annually |
| Two Bedroom Units: | 6 |
| Mls List Date: | 2026-05-04 |
| State Or Province: | DC |
| Postal Code Plus4: | 6723 |
| Legal Subdivision: | Deanwood |
| Possession: | Settlement |
| Directions: | next to HD Woodson High School |
| High School: | H.D. WOODSON |
| High School Source: | Listing Agent |
| School District Sources: | Listing Agent |
| School District Key: | 121140357950 |
| Above Grade Finished Area: | 3,540 |
| Above Grade Finished Area Units: | Square Feet |
| Cooling: | Central A/C |
| Construction Materials: | Masonry |
| Foundation Details: | Brick/Mortar |
| Accessibility Features: | None |
| Heating: | Central |
| Heating?: | Yes |
| Above Grade Finished Area Source: | Estimated |
| Living Area Source: | Estimated |
| Other Structures: | Above Grade |
| Year Built Source: | Estimated |
| Basement Yn: | No |
| Cooling Fuel: | Electric |
| Heating Fuel: | Electric |
| Hot Water: | Multi-tank |
| Other Units: | Unit 1, Unit 1, Unit 1, Unit 1 |
| Type: | Detached |
| Central Air Yn: | Yes |
| Type Of Parking: | On Street |
| Area Total: | 3,540 |
| Source Of Measure: | Estimated |
| Assessment Year: | 2026 |
| In City Limits Yn: | Yes |
| City Tax Frequency: | Annually |
| Tax Assessment Amount: | $406,590.00 |
| Tax Year: | 2026 |
| Zoning: | R2 |
| Listing Tax: | 5225//0020 |
| Ownership: | Fee Simple |
| Special Listing Conditions: | Standard |
| Lot Size Source: | Estimated |
| Lot Size Units: | Square Feet |
| Net Operating Income: | $65,100 |
| Number Of Units Leased: | 4 |
| Pool Types: | No Pool |
| Soil Types: | Unknown |
| Total Actual Rent: | $82,800 |
| Owner Pays: | CommonAreaMaintenance, Management, Repairs, Taxes - Real Estate, TrashCollection, Water |
| Sewer: | Public Sewer |
| Water Source: | Public |
| Lease Types: | Long Term |
| Number Of Units Vacant: | 2 |
| Operating Expense Includes: | Trash |
| Income Includes: | Apartment Rentals |
| School District NameSchool District: | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
| Short Sales: | No |
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Property Last Updated: October 27, 2026 01:56 AM - ET
