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Request Info$4,750,000
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1944 3RD STREET NE Overview
- Time on Site:
- 7 hours
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- 0
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.
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1944 3RD STREET NE Facts & Features
- Type Multi-Family
- Sq. ft. 3,570
- Price/Sq.ft. $1,331
- Lot 0.16 Acres
Details
General
Income/Expenses
- Gross Income: 506000.00
- Gross Scheduled Income: 506000.00
- Income Includes: Apartment Rentals
- Net Operating Income: 329000.00
- Operating Expense: 177000.00
- Operating Expense Includes: Snow Removal,Insurance,Trash,Parking
Listing Information
- Real Estate Owned: No
- Short Sale: No
Building Information
- New Construction: No
- Pool: No Pool
- Total SQFT: 4185
- Year Built: 2023
Location/Region
- Country: US
- County: WASHINGTON
- County Or Parish: WASHINGTON
- In City Limits: Yes
- Subdivision Name: ECKINGTON
Parking Information
- Type of Parking: On Street
Tax Information
- City/Town Tax: 8121.00
- City/Town Tax Payment Frequency: Annually
- County Tax Payment Frequency: Annually
- Tax Annual Amount: $8,121.00
- Tax Assessed Value: 1028490.00
- Tax Year: 2021
General Information
- Historic: No
- Property Condition: Excellent
- Property Sub Type: Other
- Property Type: Multi-Family
- Rent Control: No
- School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- Special Listing Conditions: Standard
- Vacation Rental: No
- Year Assessed: 2021
- Zoning: R4
Unit Information
- Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7
Interior
Building Information
- Cooling Fuel: Electric
- Heating Fuel: Natural Gas
Parking Information
- Garage: No
Building Exterior/Construction
- Structure Type: Twin/Semi-Detached
- Wall & Ceiling Types: Dry Wall,Plaster Walls
Building Interior
- Above Grade Finished Area: 3570
- Above Grade Finished Area Source: Estimated
- Above Grade Finished Area Units: Square Feet
- Below Grade Finished Area: 0
- Below Grade Finished Area Source: Estimated
- Below Grade Finished Area Units: Square Feet
- Central Air: No
- Hot Water: Natural Gas
General Information
- Accessibility Features: None
- Appliances: Refrigerator, Stove
- Cooling: Window Unit(s)
- Electric: Circuit Breakers
- Fireplace: No
- Flooring: Hardwood
- Foundation Details: Block
- Interior Features: Ceiling Fan(s), Wood Floors
- Living Area: 3570
- Living Area Source: Estimated
- Security Features: Carbon Monoxide Detector(s),Exterior Cameras,Smoke Detector
- Spa: No
- Stories Total: 3
- Window Features: Double Pane
Unit Information
- One Bedroom Units Count: 0
- Single Room Units Count: 0
- Three Bedroom Units Count: 7
- Two Bedroom Units Count: 0
Exterior
Lot Information
- Lot Size Acres: 0.16
- Lot Size Source: Estimated
- Lot Size Square Feet: 7013.00
- Lot Size Units: Square Feet
- Water Source: Public
Waterfront/View
- Water Oriented: No
- Water View: No
- Waterfront: No
Building Exterior/Construction
- Architectural Style: Other
- Construction Materials: Brick
- Roof: Flat
General Information
- Exterior Features: Sidewalks
- Number Of Units Leased: 3
- Number Of Units Mo Mo: 3
- Number Of Units Total: 4
- Number Of Units Vacant: 4
- Other Structures: Above Grade,Below Grade
- Sewer: Public Sewer
- Utilities: Cable TV,Electric Available,Multiple Phone Lines,Natural Gas Available,Phone Available,Sewer Available,Water Available
- Water Access: No
Unit Information
Unit 7 Details
- Unit Type: Unit 1
- Total Rent: 6620.00
- Beds Total: 6
Unit 2 Details
- Unit Type: Unit 2
- Total Rent: 4069.00
- Beds Total: 4
Unit 6 Details
- Unit Type: Unit 3
- Total Rent: 5757.00
- Beds Total: 5
Unit 3 Details
- Unit Type: Unit 4
- Total Rent: 5757.00
- Beds Total: 5
Unit 5 Details
- Unit Type: Unit 5
- Total Rent: 6620.00
- Beds Total: 6
Unit 4 Details
- Unit Type: Unit 6
- Total Rent: 5757.00
- Beds Total: 5
Unit 1 Details
- Unit Type: Unit 7
- Total Rent: 5756.00
- Beds Total: 5
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1944 3RD STREET NE Monthly Cost
1944 3RD STREET NE Market Data
Based on the last 30 days in this zip code
$703,512
Average List Price
$510
Average Price per Square Foot
64
Properties Sold
105
Average Days on Market
447
Properties for Sale
1944 3RD STREET NE History
| Date | Value | Agent |
|---|---|---|
| 6/30/2026Source: BRIGHT MLS | June 30, 2026 |
Listing provided courtesy of Long & Foster Real Estate, Inc.- MLS# DCDC2271010
Contact Information: 2024836300
Contact Information: 2024836300