Throughout this series, we provide key insights and detailed overviews to help you better understand the potential fit of these communities for your prospective tenants. Today, we delve into the unique aspects of Tenleytown, covering its historical background, distinctive features, local attractions, and the type of tenants attracted to this area.
Nestled in the Northwest Quadrant of Washington, D.C., Tenleytown is a neighborhood with a charming mix of tenants. Approximately 17 percent of homes in Tenleytown are renter-occupied, while a notable 79 percent are owner-occupied. These figures present an enticing opportunity for landlords seeking a stable tenant base, as residents typically stay in the neighborhood for a median of 4 years. The annual residential turnover stands at 15 percent. On average, households in this area have three residents, with 27 percent of households comprising families with children.
Boasting the city's highest natural point, Tenleytown is a historic neighborhood that offers a blend of residential tranquility and urban amenities. Its location adjacent to American University attracts many students, adding a vibrant, youthful energy to the area. Furthermore, Tenley Circle, a prominent part of the neighborhood, serves as a major intersection of Nebraska Avenue, Wisconsin Avenue, and Yuma Street, and is a hub of activity. Tenleytown's diverse tenant demographic spans students, young professionals, families, and older couples, all drawn in by easy access to public transportation and a variety of retail and commercial establishments.
Tenleytown doesn't disappoint when it comes to dining and nightlife. A delightful array of restaurants and eateries are scattered throughout the neighborhood, including Guapo's Restaurant, Masala Art, Murasaki Japanese Restaurant, Tanad Thai Cuisine, Café Ole, and Cava Mezze Grill, among others. Retail therapy is easy in Tenleytown with numerous retail chain stores like Whole Foods, Starbucks, The Container Store, and Best Buy readily available. Adding to the neighborhood's charm is the Tenleytown Heritage Trail, passing by numerous attractions and sights of interest.
One of Tenleytown's standout features is its exceptional walkability and accessibility. The Tenleytown Metro station, served by the Red Line, and numerous Metrobus routes such as 30N, 30S, 31, 33, 37, D32, H2, H3, H4, M4, N2, W45, and W47 make public transportation a breeze. The American University Shuttle also makes stops within the neighborhood. For those who prefer biking or need a car occasionally, Capital Bikeshare and car-sharing services like Zipcar, RelayRides, and Hertz On Demand are available. WalkScore.com assigns Tenleytown excellent ratings: a Walk Score of 91, a Transit Score of 70, and a Bike Score of 65, out of a maximum of 100 points.
Tenleytown also hosts community events that add to its allure. The American University Farmers' Market, located at the Quad on the American University campus, runs on Wednesdays from August to November, offering fresh produce and artisanal items. Furthermore, the Tenleytown Block Party takes place each September at the corner of River Road and Wisconsin Avenue, serving as a vibrant community event that draws residents together.
For landlords eyeing the potential of Tenleytown, it's evident that this charming neighborhood holds a unique appeal for a diverse tenant base. This area, with its rich blend of historic charm, urban convenience, and sense of community, can provide a delightful setting for your rental property. To fully tap into this opportunity, understanding the neighborhood's nuances and tailoring your marketing approach to its diverse range of prospective tenants - from students to professionals and families - is key.
To further ease this process, consider enlisting the services of a property management company. These experts, with their on-the-ground knowledge of the local market, can navigate the complexities of the rental landscape on your behalf.
They can provide invaluable assistance in effectively marketing your property, streamlining tenant relations, and ensuring smooth, hassle-free property management. Ultimately, professional property management can maximize your property's potential while freeing you from the day-to-day operational concerns, allowing you to enjoy the rewards of your investment with peace of mind.
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