The Offering

Summary

  • List Price $875,000
  • TOPA Status Exempt
  • Price Per Unit $218,750
  • Unit Mix 4 - 1BR/1BA + Den
  • Occupancy 100% (as of April 2026)
  • Year(s) Built/Renovated 1936/2021/2025
  • Gross Building Area 2,870 SF
  • Lot Size 4,163 SF

Investment Summary

Feldman Ruel is pleased to offer for sale 636 Girard Street NE, a fully renovated four-unit multifamily property located in the Brookland neighborhood of Northeast Washington, D.C. Originally constructed in 1936 and renovated between 2020 and 2021, the subject property consists of four one-bedroom/one-bathroom units with dens, totaling 8,870 gross square feet on a 4,163-square-foot, RF-1- zoned lot. The renovation included replacement of all major building systems including plumbing, electrical, HVAC, and in-unit water heaters, along with exterior improvements. A new roof and gutters were installed in 2025, resulting in a stabilized asset with limited near-term capital expenditure requirements. Each unit features central HVAC and separately metered electric service, reducing operational responsibilities. The subject property also benefits from a solar panel system that offsets utility costs and provides potential income through SRECs. 636 Girard Street NE can be delivered with at least one vacant unit, allowing for owner-occupancy with in-place income. The four-unit configuration enables FHA financing eligibility for qualified buyers. Purchasers may also qualify for an exemption from rent control under Washington, D.C.'s small-landlord provision. The combination of recent renovations, operational efficiencies, and flexible acquisition strategies positions the subject property as an attractive opportunity for both investors and owner-occupants.

Investment Highlights

• Attractive Potential for Immediate Equity | Priced Below Comparable Sales

• Full-Gut Renovation Including New Roof Minimizing Near-Term CapEx
• Rental Upside | In-Place Rents are Below Market & Voucher Rents in the Area

• TOPA Exempt | Certainty & Speed of Execution Versus Alternative Investments

Listing Agents

Olawale Kusimo

Olawale Kusimo

Investment Associate
Feldman Ruel