2615 P Street


2615 P Street

Region: Midtown
Use: Multifamily
Lot Size: .15 acres
Lease or Sale: Sale
Building Size: ±3,696 SF
Sale Price: $1,500,000

Turton Commercial Real Estate is pleased to market for sale 2615 P Street, representing one of Midtown’s most premier multifamily offerings in the GRID, with stable cash flow and additional value-add opportunity through ADU (Accessory Dwelling Unit) development on the back half of the 0.15 acre parcel. The Property is being offered for sale at $1,500,000.00, reflective of a 4.64% capitalization rate on actual income and operating expenses, with reassessed property taxes.

The fourplex consists of four, nearly identical, one bedroom one bathroom units with spacious ± 900 SF floor plates consisting of a living room, dining room, kitchen, bathroom, bedroom, and laundry room. All units boast an in-unit washer & dryer, updated kitchen & bathroom, mini split HVAC system, hardwood floors, impressive natural light, and an extremely stable rental history.

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