543 FLORIDA AVENUE NW, WASHINGTON, DC 20001 - Michael Gillespie & CO Real Estate

$1,450,000

**New price adjustment on April 20th** 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 Columbia Heights / Shaw submarket of Northwest Washington, D.C. The offering represents a rare opportunity to acquire… Read More 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. There is also an option to purchase 1500 Columbia Avenue NW (4-3BR/1 BA) in the same submarket. The portfolio consists of eight total units across two separately metered buildings, offering buyers flexibility to acquire individually or as a combined investment. Both assets have 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, the properties deliver attractive going-in CAP rates ranging from approximately 6.99% to 7.39%, with NOI of approximately $271,000 combined, and strong Debt Coverage Ratios (1.30x-1.38x). A Proforma CAP Rate of 9.53% for 543 Florida Avenue. Shaw Duo offers strong in-place income, and market-supported rent growth in a low vacancy submarket. These four-unit buildings also present an exceptional opportunity for owner-occupants seeking to offset housing costs through rental income. FHA financing is available for qualified buyers, significantly expanding the buyer pool. In high-cost markets such as Washington, D.C., the 2026 FHA loan limit for a four-unit property is approximately $2.4 million, allowing buyers to acquire these assets 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. Read Less

Courtesy of Lorenzo M Wooten Jr., Marcus & Millichap Real Estate 202-536-3700

Listing Snapshot

Days Online

Last Updated

Apr 28, 2026

Property Type

Quadruplex

Square Ft.

2,100

Lot Size

0.01 Acres

Year Built

1900

MLS Number

DCDC2252868

Additional Details

Building

Built in 1900, Built in 2015 (effective), Living area: 2100, Construction Materials: Brick

Cooling

Energy Star Cooling System

Accessibility Features

None

Expenses

Operating: $40,474

Foundation

Slab

Heating

Central

Income

Gross Income: $137,136, Gross ScheduledIncome: $145,488, Net Operating Income: $104,838, Apartment Rentals

Lot

0.01 acres

Owner Pays

Insurance, Management, Taxes - Real Estate, Water, Trash Collection

Property

Other structures: Above Grade

Sewer

Public Sewer

Taxes

Annual Amount: $9,995, Year: 2025, Zoning: MU-4

Utilities

Water Source: Public

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543 FLORIDA AVENUE NW

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