202-932-5051
3930 Georgia Ave NW, Washington, DC for Sale
Apartments - FOR SALE
1/10
null | Request Cap Rate

3930 Georgia Ave NW
Washington, DC 20011
Petworth


HIGHLIGHTS

  • Highly Visible Mixed-Use Property Located at at Signalized Intersection
  • TOPA -Exempt Multifamily Transaction | 2015 Construction
  • Attractive Multifamily Unit Mix | 5 - 1BRs, 25 - 2BRs, & 1 - 3BR with Private Outdoor Space
  • 40,728 Gross SF Across 7 Levels | 2,840-SF Street-Level Retail Unit
  • Newly Signed Retail Lease | Experienced Operator with Strong Financials
  • Prominent Corner Location 2 Blocks from the Georgia Ave-Petworth Metro

OVERVIEW

Feldman Ruel is pleased to offer for sale The Fahrenheit, located at 3930 Georgia Avenue NW, a 40,728-square-foot, six-story mixed-use building constructed in 2015. The offering represents a rare opportunity to acquire a modern, condo-quality asset below replacement cost. Originally designed as a condominium project, the building features high-end finishes and a desirable mix of one-bedroom and two-bedroom units, along with a unique three-bedroom unit that includes private outdoor space. Because the building was constructed less than 15 years ago, the transaction qualifies for an exemption from Washington, D.C.’s TOPA process. A newly executed five-year retail lease with New Hampshire Medical Supply, a corporately guaranteed tenant established in 1962, provides stable ground-floor income. Positioned at a signalized intersection along Georgia Avenue NW, the subject property benefits from strong visibility and abundant natural light. Located steps from the Georgia Ave–Petworth Metro station and near Howard University, 3930 Georgia Avenue NW is well connected and surrounded by major economic drivers that support long-term rental demand and asset value.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

31

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fahrenheit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

2015

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,788 SF

ZONING

NMU-7B/GA

APN/PARCEL ID

2906-0092

ASK ABOUT THIS PROPERTY

Andrea JewellFeldman RuelMore Info
202-932-5051

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

Andrea JewellFeldman RuelMore Info
202-932-5051

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