259-Unit Affordable Housing Investment in Meadowbrook Run, DC

Property feature image
Property gallery image
Property gallery image
Property gallery image
Address: 3647 6th St SE, Washington, DC 20032, USA
Washington DC + Affordable Housing
Created date: September 2, 2026
Date last updated: October 8, 2026

Visit RI Marketplace to access property information.

259-Unit Affordable Housing Asset in SE DC259 units span 25 buildings at 3647 6th St. SE, totaling 192,359 SF of net rentable area.

52% Rent Upside to Max Allowable LIHTC Rents
Average rent of $1,321 trails the $2,008 Max Net TC Rent average across the unit mix.
RA-2 Upzoning Unlocks Dense Redevelopment
A 2023 rezoning permits 1.8 FAR (2.16 for IZ) and 50-foot heights with no story limit.
100% Real Estate Tax Exemption for Buyer
A nonprofit ownership component preserves the full exemption under D.C. Code Section 47-1005.02.
Well-Maintained Asset, Minimal Deferred Capex
Recent capital work covers paving, security gates, and stair tread replacement portfolio-wide.
SE DC Submarket Riding Redevelopment Wave
Cutting-edge office, retail, and public space projects surround the Southeast D.C. portfolio.

Property Description

Berkadia, in partnership with RealINSIGHT Marketplace, is pleased to present Meadowbrook Run, a 259-unit affordable housing community at 3647 6th St. SE in Washington, D.C., encompassing 192,359 SF across 25 buildings built in 1960 and renovated in 2002. The property is 100% restricted under Section 42 LIHTC and HPTF regulatory agreements at 60% AMI, with current average rents of $1,321 sitting roughly 34% below the $2,008 average Max Net Tax Credit rent, offering a clear path to income growth alongside continued vacancy and bad debt recovery. In 2023, ownership secured an RA-2 rezoning that permits up to 1.8 FAR (2.16 for inclusionary zoning) and 50-foot heights with no story limit, supporting a contemplated three-phase redevelopment of roughly 213 apartment units, a 46-unit senior building, and 52 for-sale townhomes. A continuing nonprofit ownership component preserves the asset's full real estate tax exemption. Located in a Southeast D.C. submarket undergoing a wave of office, retail, and public space redevelopment, with proximity to WMATA Metro and MetroBus service, Meadowbrook Run offers buyers scale, in-place cash flow upside, and optionality. The Property is offered individually or in combination with Arbor View as part of the 415-unit Enterprise Portfolio. **Meadowbrook Run is offered as part of the 415-unit Enterprise Portfolio alongside Arbor View. Properties can be acquired individually or in combination.
Availabletick-green

Request Information

Broker Details

RI Marketplace
RI Marketplace

RI Marketplace 800-915-7015

New call-to-action

Key Property Information

Listing Status: Available
Listing Type: Auction
Property Types: Affordable Housing
No. of Units: 259
Year Renovated: 2002
Building Size: 192,359 Sq ft
No. of Stories: 3
Zoning Code: RA-2
Opportunity Zone: No
Parking Spaces: 215
Property Website Click Here
Address: 3647 6th St SE, Washington, DC 20032, USA

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

HUD-Financed Affordable Housing | Arbor View in Washington, DC

HUD-Financed Affordable Housing | Arbor View in Washington, DC

Washington, District of Columbia
Washington DC + Affordable Housing
Units: 156

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up