543 Florida Ave Nw, Washington, DC 20001
Local realty services provided by:Better Homes and Gardens Real Estate Realty Connect
543 Florida Ave Nw,Washington, DC 20001
$1,399,000
- 8 Beds
- - Baths
- 2,100 sq. ft.
- Multi-family
- Active
Listed by: lorenzo m wooten jr.
Office: marcus & millichap real estate
MLS#:DCDC2276670
Source:BRIGHTMLS
Price summary
- Price:$1,399,000
- Price per sq. ft.:$666.19
About this home
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....
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Home facts
- Year built:1900
- Listing ID #:DCDC2276670
- Added:89 day(s) ago
- Updated:October 29, 2026 at 02:17 PM
Rooms and interior
- Bedrooms:8
- Living area:2,100 sq. ft.
Heating and cooling
- Cooling:Energy Star Cooling System
- Heating:Central, Electric
Structure and exterior
- Year built:1900
- Building area:2,100 sq. ft.
- Lot area:0.01 Acres
- Architectural Style:Art Deco
- Construction Materials:Brick
- Foundation Description:Slab
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,399,000
- Price per sq. ft.:$666.19
- Tax amount:$9,995 (2025)
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