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$1,350,000
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Property Description
Six-Unit Apartment Building | Offered at $1,350,000 Rare opportunity to acquire a well-maintained six-unit apartment building in the highly desirable 16th Street Heights / Brightwood Park area of Northwest Washington, DC. Built in 1936, this classic brick apartment building consists of six one-bedroom, one-bath units and offers investors stable income with significant long-term upside in one of DC's most established residential neighborhoods. The property features spacious one-bedroom floor plans, hardwood flooring, updated kitchens in select units, on-site laundry facilities, basement storage, and off-street parking availability. Residents enjoy convenient access to Rock Creek Park, 16th Street, public transportation, neighborhood shopping, dining, and major commuter routes throughout the District and surrounding metropolitan area. Current operations include a mix of market-rate and voucher-assisted tenancy, creating a diversified income stream. Based on current rents, the property generates approximately $148,164 in annual gross income. After operating expenses of approximately $30,445 annually, the building produces an estimated Net Operating Income (NOI) of $117,719, resulting in an attractive 8.7% capitalization rate at the asking price of $1,350,000. This represents a compelling opportunity for investors seeking immediate cash flow and long-term appreciation potential in the Washington, DC market. All numbers based on 2025 full year expenses. Investment Highlights "¢
Full Property Details
Full Property Details for 5601 Colorado Ave NW
General
- Price: $1,350,000
- Taxes: $7,007 (2024)
- Status: Active
- Type: Apartment
- Source: BrightMLSMidAtlantic
- MLS ID: DCDC2267460
- Updated: 6/15/2026
- Added to Site: 32 day(s) ago
Business
- Business Type: Apartment Building, Storage
Rooms
Bathrooms
- Restrooms: 6
Additional Information
- Security/Safety: Main Entrance Lock
Parking
- Total Spaces: 2
- Parking Type: On Street
Location
- County: WASHINGTON
- Subdivision: 16TH STREET HEIGHTS
- Driving Directions: See GPS
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Heat Pump(s)
- Cooling Fuel: Electric
- Heating Type: Forced Air, Heat Pump(s)
- Heating Fuel: Electric
- Water Heater: Natural Gas, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Drive-In Doors: 2
- Entry Floor Number: 2
- Stories/Levels: 4
- Building Size: 5596
- Year Built: 1936
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3, Unit 6
Lot Features
- Property View: City
- Zoning: R-5-A
- Lot Description: Corner, Other
Financial Considerations
- Price Per Sq. Ft.: $241.24
- Assessment Year: 2024
- City/TownTax: $7,007
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $749,600
- Tax Amount: $7,007
- Tax Year: 2024
Disclosures and Reports
- Ownership: Other
- Inclusions: All appliances As-Is, Where-Is
- Investment: Yes
- Lot Number: 16
Listed by CENTURY 21 New Millennium, Alex Saenger
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Schools
Schools serving 5601 Colorado Ave NW
School District:District of Columbia Public Schools
| Name | Grades | Distance |
|---|---|---|
John Lewis Elementary School 1335 Farragut Street Northwest, Washington, DC 20011 | K-5 | 0.4 mi |
Roosevelt High School @ MacFarland 4301 13th Street Northwest, Washington, DC 20011 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5601 Colorado Ave NW
Date
Details
Price
Change
Source
6/10/2026
Listed
$1,350,000
138.94%
MLS
7/11/2012
Sold
$565,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5601 Colorado Ave NW
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,372
-9%
$749,600
-9%
2024
$7,007
4%
$824,330
9%
2023
$6,730
8%
$759,220
4%
2022
$6,206
-9%
$730,130
-9%
2021
$6,834
10%
$804,030
10%
2020
$6,190
-2%
$728,290
-2%
2019
$6,328
6%
$744,440
6%
2018
$5,969
—
$702,200
—
2017
$5,965
32%
$701,770
32%
2016
$4,519
2%
$531,700
2%
2015
$4,434
8%
$521,600
8%
2014
$4,111
—
$483,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5601 Colorado Ave NW
5601 Colorado Avenue NW, Washington, DC 20011 (MLS# DCDC2267460) is a Apartment property. 5601 Colorado Avenue NW is currently listed for $1,350,000 and was received on June 10, 2026. Want to learn more about 5601 Colorado Avenue NW? Do you have questions about finding other Apartment real estate for sale in Washington? You can browse all Washington real estate or contact a Coldwell Banker agent to request more information.

