This stabilized 6-unit multi-family asset at 5501 Foote St NE offers a premier investment opportunity in the high-growth Deanwood corridor, currently operating at 66% occupancy with average rents of $1,725 and a consistent 12% year-over-year rental growth. The property features a resilient mix of market-rate and voucher-assisted units, providing immediate cash flow while offering the flexibility to either lease up the remaining vacant units as-is or renovate them to further maximize market rents. With a clear path to an estimated 9% Cap Rate upon full stabilization, this building is perfectly positioned to capture significant upside in one of DC’s most rapidly appreciating submarkets.
Listed by Santiago Noguera
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License #SP40000029
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Fairfax Realty of Tysons
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7033767675
Last updated June 12, 2026
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Source: BrightMLS #DCDC2259728
Listing Facts
TypeMulti-family
NeighborhoodNortheast Boundary
Days on Prevu43
Taxes$3,456.02/year
Size3,540 sqft
Price per sqft$325
Location
Mortgage Calculator
Listing History
06/06/2026
Status changed to Active
$1,150,000
06/05/2026
Status changed to Removed from Feed
$1,150,000
06/02/2026
Price Decreased
$1,150,000
05/04/2026
Listed by Fairfax Realty of Tysons
$1,200,000
Property Details for 5501 Foote Street NE
Exterior
Construction
New Construction: No
Number Of Units Total: 4
Year Built: 1960
Architectural Style: Traditional
Construction Materials: Masonry
Features
Other Structures: Above Grade
Waterfront: No
Measurements
Lot Size Acres: 0.06
Lot Size Source: Estimated
Lot Size Square Feet: 2,614
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 5.5
Operating Expense Includes: Trash
Taxes
Tax Annual Amount: $3,456.02
Tax Year: 2026
Interior
Measurements
Living Area: 3,540
Living Area Source: Estimated
Parking
Parking
Garage: No
Schools
High School
High School: H.D. WOODSON
Utilities
Equipment
Cooling: Central A/C
Heating: Central
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 5501 Foote Street NE.
What schools are nearby to 5501 Foote Street NE?
Nearby schools include the H.D. WOODSON High School.
What are the annual taxes for 5501 Foote Street NE?
Annual taxes for this multi-family home are estimated at $3,456.
How does 5501 Foote Street NE compare to other multi-family homes in Northeast Boundary?
This multi-family home is listed 77% above the average price for multi-family homes in Northeast Boundary and has been on the market for 17 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 3,540 sqft.
5501 Foote Street NE is a -bedroom multi-family home for sale in WASHINGTON DC 20019. Available on Prevu for 43 days at $1,150,000. This includes a recent price decrease of $50,000. This home features 3,540 square feet of living space, located in Northeast Boundary. The median listing price for multi-family homes in this area is $552,850. Nearby schools include H.D. WOODSON High School. Browse more multi-family home listings in Washington.
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