4801 3Rd StWashington, DC 20011

Property Details for 4801 3Rd St

Year built

1936

Lot size

0.06 AC

Property size (Sq ft)

4,259 SF

Property type

Other multifamily properties

Property subtype

Residential income properties

Description

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.

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9488

Longitude

-77.0155

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].