For Sale
$1,100,000

4801 3Rd StWashington, DC 20011

High-yield 5-unit building, strong rental potential.

Overview

Added:
Feb 3
Days on market:
61
This exceptional investment opportunity presents a 5-unit multi-family property located at 4801 3rd Street NW, Washington, DC, encompassing 4,259 square feet on a 0.06-acre lot. Currently generating a gross monthly income of $8,084 through a mix of group and individual rental arrangements (one long-term tenant, four others in a group arrangement), this property offers significant upside potential. Analysis suggests the potential to increase monthly rental income to $15,476 through leveraging the rent reasonableness program, which offers $2,449 for a 2-bedroom unit and $3,526 for a 3-bedroom unit in the area. The building comprises three 3-bedroom units and two 2-bedroom units. The property is priced at $1,100,000 and includes a $50,000 capital expenditure escrow. This Petworth location presents a compelling investment opportunity for those seeking strong cash flow and potential for appreciation. Note that financial projections are for illustrative purposes only and are not guarantees of future performance. They are based on information available at the time of preparation and involve inherent risks and uncertainties. A showing is scheduled for Saturday, January 25th, 2025, from 12:00 PM to 1:30 PM.

Property Details for 4801 3Rd St

Property type
Multifamily properties
Square Feet
4,259 SF
Year Built
1936
Lot Size (sq. ft)
2,614 SF

Location Insight

City
Washington
County
District Of Columbia
State
District of Columbia
Latitude
38.94876
Longitude
-77.01552
4801 3Rd St, Washington, District of Columbia

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4801 3Rd St
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