1417 Belmont St

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Address: 1417 Belmont St, Washington DC, District of Columbia, US
Created date: December 2, 2023
Date last updated: December 2, 2023
  • - State-of-the-art multifamily apartment building with 43 brand new units
  • - Prime location with modern amenities, high-end European finishes, and soaring 10+ foot ceilings
  • - Demand is strong for high quality rental properties in the area
  • - The property offers easy access to public transportation
  • - Lower likelihood of major repair expenses during the initial years of ownership as a new construction
  • - The city's robust job market and reputable educational institutions ensure a consistent demand for rental properties

Property Description

Waller Group is proud to present a state-of-the-art multifamily apartment building with 43 brand new units located at 1417 Belmont Street NW in the vibrant neighborhood of Columbia Heights, Washington, DC. This investment opportunity combines a prime location with modern amenities, high-end European finishes, and soaring 10+ foot ceilings. Washington DC's consistent growth and status as a cultural, political, and economic hub attracts a diverse population. The local population predominately includes young professionals, families, and students. As a result, demand is strong for high quality rental properties. Strategically positioned in Columbia Heights, the property offers easy access to public transportation. The U Street Metro is a convenient 10-minute walk away, along with multiple employment centers and entertainment options, which increases the appeal to potential residents. Given the asset is newly constructed, investors can look forward to reduced maintenance costs and a lower likelihood of major repair expenses during the initial years of ownership. This asset boasts an impressive array of modern amenities, which creates an appealing and luxurious living environment for residents. Furthermore, the city's robust job market and reputable educational institutions ensure a consistent demand for rental properties. Investing in the newly built multifamily property at 1417 Belmont Street NW, Washington DC, offers an excellent opportunity to tap into the thriving real estate market in the nation's capital. Given the prime location, modern amenities, and strong rental demand, this property holds the potential for long-term growth and a stable income stream.

Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Multifamily type: Apartments
Price: $20,900,000
No. of Units: 43
Year Built: 2023
Lot Size: 21,136.00 Sq ft
Opportunity Zone: No
Price per unit: $486,047
Property Website Click Here
Address: 1417 Belmont St, Washington DC, DC 20009, USA
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