For Sale
$849,900

5414 3Rd St Washington, DC 20011

4-Unit Apartment Building, Condo Conversion Potential

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional redevelopment opportunity presents a shovel-ready project in Washington, DC's desirable Brightwood Park neighborhood. Located at 5414 3rd St NW, this Class A, two-story apartment building currently features four units, each permitted for substantial expansion. Approved plans and permits are in place for a complete renovation and conversion into four expansive, multi-level condo units. Each unit will boast approximately 1,605 square feet, featuring three bedrooms, a den, gourmet kitchens with large islands, and ample living space. Upper units will include walk-out balconies, while lower units will offer private terraces. The total square footage will be 6,420 square feet. The property is zoned RF-1 and offers significant upside potential, with a projected sales price of $2,450,000 for the completed condos. This is a unique chance to acquire a multifamily property with a clear path to a lucrative condo conversion, priced at $849,900 ($132/sq ft and $212,475/unit). Detailed plans and disclosures are available upon request.

Highlights

  • Luxury Condo Redevelopment: Four large units, fully permitted and planned, projected sales price of $2,450,000.

Property Details for 5414 3Rd St

Property type
Apartment buildings
Class
A
Stories
2
Units
4

Location Insight

City
Washington
County
District Of Columbia
State
District of Columbia
Latitude
38.9560047
Longitude
-77.0163334

FAQs

What type of property is this?
Apartment building - 4-Unit Apartment Building, Condo Conversion Potential
Where is the apartment building located?
The property is located at 5414 3Rd St Washington, DC.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Luxury Condo Redevelopment: Four large units, fully permitted and planned, projected sales price of $2,450,000.; ;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5414 3Rd St
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