912 Gallatin Street NW

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Address: 912 Gallatin St NW, Washington, DC 20011, USA

Washington DC + Apartment Buildings

Created date: July 8, 2024

Date last updated: September 1, 2024

TRANSIT ORIENTED ASSET
912 Gallatin Street NW is located right around the corner from a variety of restaurants and retails stores on Georgia Avenue, boasting an 87 Walk Score and a 76 Bike Score. Being located between the Georgia Ave-Petworth Metro Station and the Fort Totten Metro Station, the Metro red, green, and yellow lines are easily accessible, along with two Metro Bus stops at the corner of Georgia Ave and NW Gallatin Street. For those travelling both domestically and internationally, 912 Gallatin Street NW is only 17 minutes away from Ronald Reagan Airport, and about 45 minutes from both Dulles International and BWI.
LARGE UNUSED CORE SPACES
912 Gallatin Street NW has an abundance of underused and unutilized core space, storage space, and laundry room in the lower level of the property. New ownership, with BZA approval, could potentially recapture some of this space by converting them into additional units, thus increasing the new ownership’s return on investment dramatically.
ADVANTAGEOUS UNIT MIX
Almost all the units at 912 Gallatin Street NW are spacious two-bedroom floor plans. New ownership can even further increase revenues by converting the thirteen two-bedroom units into three-bedroom units, which would be especially desirable for D.C.’s fast-growing demand for family-focused housing.
POTENTIAL FUTURE DEVELOPMENT OPPORTUNITY
The lot of 912 Gallatin Street NW extends further into a large backyard space, which may prove valuable for adding additional units in the event of up-zoning and/or BZA petitioning. Opportunistic investors planning on a long-term buy and hold strategy would stand to benefit from potential redevelopments/additions to the existing structure.
SELF-CONTAINED UNITS
Each unit is individually metered for electricity and natural gas, thus reducing ownership’s overall expense exposure. With the ability to pass on the cost of both electric and gas utilities to future tenants, the owner’s only utility responsibility is water/sewer and building heating.

Property Description

THE OPPORTUNITY 912 Gallatin Street NW is a 14-unit, four-story multi-family apartment building consisting of 13 two-bedroom units and 1 one-bedroom unit. The asset is located in the middle of the transformative Georgia Avenue retail corridor and in the heart of the Petworth neighborhood, offering residents close access to urban amenities while residing in a comfortable residential pocket of Washington, D.C.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
No. of Units:	14
Year Built:	1936
Lot Size:	0.24 Sq ft
Opportunity Zone:	No
Property Website	Click Here