About this home

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.

Facts and features

Schools

• H.D. Woodson High School

  high · 9-12 · 0.0 mi

  4

• Drew Elementary School

  elementary · K-5 · 0.1 mi

  3

• Kelly Miller Middle School

  middle · 6-8 · 0.6 mi

  3

• The Monroe School

  middle · 6-12 · 0.4 mi

• The Riverseed School

  elementary · K-5 · 0.2 mi

• Burrville Elementary School

  elementary · K-5 · 0.3 mi

  4

Price history

• Sep 1, 2026 · Price Changed$1,100,000
• Jun 3, 2026 · Price Changed$1,150,000
• May 4, 2026 · Listed$1,200,000
• Sep 18, 2019 · Sold$950,000
• Aug 14, 2019 · Sold$950,000
• Apr 3, 2019 · Relisted$1,000,000
• Jan 22, 2019 · Listing Removed$1,000,000
• Dec 19, 2018 · Listed$1,000,000

Tax history

• 2026$3,456 tax · $406,590 assessed
• 2025$3,658 tax · $406,590 assessed
• 2024$4,874 tax · $430,450 assessed
• 2023$4,888 tax · $575,080 assessed
• 2022$5,101 tax · $600,130 assessed
• 2021$5,264 tax · $619,320 assessed
• 2020$4,277 tax · $503,220 assessed
• 2019$3,811 tax · $448,390 assessed

Where it is