May 28, 2025 – Christian Barreiro and Dennis Cravedi of Horvath & Tremblay have successfully completed the sale of a nine (9) unit multi-family property in Washington, DC. Horvath & Tremblay represented the seller in the transaction. The desirable asset sold for $3,100,000 ($344,444 per unit) after a competitive marketing process.
The multi-family property is located at 1833 Swann Street NW, in the northern part of DC’s blue-chip Dupont Circle neighborhood. The Property is a short walk from the Circle itself, the U Street corridor and the 14th Street corridor, the area’s primary commercial corridors offering a wide array of nearby shopping, dining, grocers, public parks, and entertainment options. 1833 Swann Street NW was recently gut renovated and is currently 100% vacant. The Property consists of 5,671 gross square feet within a two-story brick building with a unit mix consisting of one (1) one-bedroom unit with a private entrance, and eight (8) two-bedroom units. Each of the building’s units are all-electric and feature central A/C, stainless steel appliances, quartz countertops in the kitchens, LED lighting, LVT flooring, in-unit washer and dryers, and individual water heaters. The building itself features a new Yale Wireless Entry System, a Wi-Fi connected security system, a new TPO roof, refurbished windows, and new carpeting in the common areas. Dupont Circle is a highly desirable location for investors and renters alike. The neighborhood is amenity-rich, with public transportation (Dupont Circle Metro Station less than an 8-minute walk), retail, restaurants, cafes, parks, gyms, and grocery stores within walking distance of the property.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.