1944 3Rd StWashington, DC 20002
7-Unit Building, High Occupancy, Strong NOI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- Fully leased, seven-unit apartment building in desirable Eckington, Washington, DC.
- 8,638 square feet on a 7,031 square foot lot, built and renovated in 2022.
- Seven units with a mix of two- to six-bedroom apartments, each with two bathrooms.
- 100% occupancy as of November 1, 2023, generating a current NOI of $304,000 and a pro-forma NOI of $378,750.
- Asking price: $5,500,000, with a current cap rate of 5.53% and a pro-forma cap rate of 6.89%.
Property Details for 1944 3Rd St
- Property type
- Apartment buildings
- Square Feet
- 8,638 SF
- Class
- B
- Year Built/Renovated
- 2022/2022
- Buildings
- 1
- Stories
- 3
- Units
- 7
Location Insight
- City
- Washington
- County
- District Of Columbia
- State
- District of Columbia
- Latitude
- 38.916897
- Longitude
- -77.0024123
Nearby Similar for Sale
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