Multifamily Properties for Sale in Washington DC
Multifamily homes for sale in Washington DC apply to any building containing more than one residence. In other words, such a place can be as basic as a duplex or as extensive as a mixed-use complex containing multiple high-rise towers. These homes can be rentals, cooperatives or condos for sale. In in the nation’s capital, they are most definitely big business.
Why are multifamily homes for sale in Washington DC such a huge deal? Simply put, because multifamily buildings comprise the majority of structures in the District. Consider this—the endless urban vistas of historic row houses in all their varied designs, come under the multifamily label. So do those grand old apartment buildings and former hotels, schools, warehouses and churches that have been converted to condos.
Multi-Family Properties for Sale in Washington DC
- All Listings
- $200,000 - $300,000
- $300,000 - $400,000
- $400,000 - $500,000
- $500,000 - $600,000
- $600,000 - $700,000
- $700,000 - $800,000
- $800,000 - $900,000
- $900,000 - $1,000,000
- Over $1,000,000
A former gas station in Georgetown is being razed to make way for a modernist eight-unit boutique building and the Patterson House—the last of Dupont Circle’s gracious old single-family mansions—is now being converted to 90 fully-furnished micro-unit rentals.
On the other hand, a multifamily home for sale in Washington DC could simply be a duplex in any number of quiet suburban neighborhoods. After all, there’s some 660,000 residents in the District and they can’t all live in their own solitary domiciles. In fact, there’s many urban neighborhoods where typical detached single family houses don’t even exist.
And then there’s the profit aspect. Multifamily homes in Washington DC can be purchased, repackaged and turned around as condos for sale, or they can be long term investment properties as apartment rentals and leases. Or perhaps someone simple wishes to buy their dream home and rent out a guesthouse for a little extra income.
Any way you look at it, multifamily homes for sale in Washington DC may be a singular term, but the category actually covers a multitude of possibilities in one of the hottest real estate markets in the county. To learn more, call District Partners at Compass, (202) 400-3070.
