Horvath & Tremblay’s Cravedi & Barreiro sell vacant, turnkey 9-unit multifamily property

Washington, DC — Dennis Cravedi and Christian Barreiro of Horvath & Tremblay have successfully closed the sale of a 100% vacant, fully renovated 9-unit multifamily property located in the heart of the historic Dupont Circle neighborhood in Northwest Washington, DC. The property sold for $3.1 million ($344,444 per unit and $547 psf), with Horvath & Tremblay exclusively representing the seller and directly procuring the buyer—a well-established local nonprofit organization.

Located at 1833 Swann St. NW, the property is situated just steps from Dupont Circle, the U Street Corridor, and the vibrant 14th Street Corridor—three of Washington, DC’s most dynamic and walkable commercial and residential districts. The building comprises 5,671 gross square feet and features a mix of one one-bedroom and eight two-bedroom units.

The asset was recently gut-renovated and delivered vacant, offering immediate leasing upside in a highly sought-after submarket. With its prime location and strong fundamentals, the property attracted significant interest during the marketing process. The listing team conducted 17 property tours, which ultimately resulted in five written offers—underscoring both the strength of the opportunity and the depth of demand for well-located, turnkey multifamily assets in NW DC.

“This was an asset that Dennis and I knew well, considering we had also transacted on it earlier in our careers,” said Christian Barreiro, senior vice president at Horvath & Tremblay. “It’s always rewarding to receive a client’s trust to come back to us to sell an asset again, and we were pleased to be able to watch a value-add property transform into a turnkey asset to ultimately further the mission of a highly regarded non-profit.”

This transaction continues a strong run of activity by the Cravedi & Barreiro team, marking their ninth closed multifamily deal in Northwest DC alone over the past 12 months. Their consistent execution and deep market expertise have positioned them among the top-producing multifamily advisors in the region.

Horvath & Tremblay is one of the nation’s most active and successful investment real estate brokerage firms. The firm specializes in the sale of apartment buildings, mixed-use assets, and development opportunities, and has extensive experience with sale-leaseback transactions, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay remains committed to delivering best-in-class service and market insight to private investors, developers, institutions, and industry professionals.