1944 3rd St Ne - Apartments FOR SALE


Washington, DC 20002- Eckington | 
$4,750,000 USD
202-387-5500
1944 3rd St Ne, Washington, DC for Sale
$4,750,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1944 3rd St Ne
Washington, DC 20002
Eckington


OVERVIEW

This fully renovated 7-unit building, partially leased multifamily asset presents a compelling opportunity to acquire a stabilized income-producing property with subsidized, guaranteed rental income already in place. The property offers a flexible mix of self-contained apartment units ranging from four bedrooms to six bedrooms, each updated to meet modern residential standards and fully self-contained. It has 2-6bedroom 4-5 bedroom and 1–4-bedroom units. With occupancy secured from day one, the asset is positioned to deliver immediate cash flow, durable income stability, and long-term investment upside. Situated on a large lot with rear parking, the property enjoys convenient access to the Rhode Island Avenue Metro station, Union Market, nearby retail, restaurants, and neighborhood amenities along 12th Street. This offering is well suited for investors seeking a renovated, cash-flowing multifamily asset in a well-connected and desirable neighborhood.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$550 USD /SF

# OF UNITS

7

PRICE/UNIT

$678,571

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2022

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,031 SF

ZONING

RF-1

APN/PARCEL ID

3565-0078

ASK ABOUT THIS PROPERTY

Samuel DavisLong & Foster Real Estate, Inc.More Info
202-387-5500

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Samuel DavisLong & Foster Real Estate, Inc.More Info
202-387-5500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.