D.C. APARTMENT PROPERTY SELLS FOR APPROXIMATELY $1.5M

WASHINGTON, D.C. — A 23-unit apartment property has sold for approximately $1.5 million in Washington, D.C.’s Petworth submarket. It is located at 3921 Kansas Ave. and was built in 1952. Twenty units were occupied at the time of the sale. Peggy Brooks Smith and Marty Zupancic of Marcus & Millichap represented the seller, an unlisted partnership, and also secured the buyer, an unlisted private investor.