3409 14Th St Washington, DC 20010

This exceptional mixed-use property at 3409 14th Street NW, Washington, DC 20010, offers a compelling investment opportunity. The 3,800 square foot building, constructed in 1909 and fully renovated in 2023, boasts a Class A designation and sits on a 1,980 square foot lot (APN 2836 0805). The four-story structure is zoned MU-4 and features a 1,600 square foot, bi-level retail space with two bathrooms, ideal for various commercial uses. Above the retail space are two luxurious three-bedroom, two-and-a-half-bathroom residential units, each complete with balconies off the master bedrooms and private rooftop terraces offering stunning city views. The building includes on-site parking for two vehicles and is equipped with a sprinkler system and separate gas and electric meters for each unit. Currently 100% vacant, the property projects a first-year NOI exceeding $162,000, with a pro-forma NOI of $167,620 and a pro-forma cap rate of 8.06%. The asking price is $2,080,000, representing a current cap rate of 7.79% and a price per square foot of $547.37. Located in the vibrant Columbia Heights neighborhood, just two blocks from the Columbia Heights Metro and five blocks from the Georgia Avenue Metro, this property benefits from excellent transit access and proximity to numerous amenities. The area is known for its high concentration of educated residents and strong household incomes. There are no TOPA requirements.