3427 13Th StWashington, DC 20010

Property Details for 3427 13Th St

Year built

1911

Construction

BRICK

Lot size

0.15 AC

Property size (Sq ft)

10,778 SF

Zone code

RF-1

Property type

Apartment buildings

APN

2839 0827

APU

28390827

Description

This 16-unit apartment building in Washington, DC's vibrant Columbia Heights neighborhood presents a compelling investment opportunity. The property, built in 1911 and totaling 13,852 square feet on a 6,578 square foot lot, boasts a mix of studio, one-, and two-bedroom units, averaging 786 square feet each. Current in-place rents average $1,928 per unit, with significant potential for rent increases due to below-market pricing. Modern upgrades such as granite countertops, stainless steel appliances, hardwood floors, and in-unit laundry enhance the appeal. The building's prime location offers easy access to the 11th Street Restaurant District, 14th Street, Georgia Avenue, and the Columbia Heights Metro Station (Green Line), reflected in its high Walk (95), Transit (78), and Bike (91) Scores. The property is zoned RF-1 and features on-site laundry and some screened-in porches. A TOPA clearance ensures a smooth closing process, making this an ideal opportunity for 1031 exchange buyers. The building's strong occupancy history and potential for rent growth contribute to its significant income-generating potential. The asking price is $4,600,000. The property's address is 3427 13th St NW, Washington, DC 20010.

• CAP approach

  CAP return

  Valuation

  6%

  $3,872,060

  6.5%

  $3,574,210

  7%

  $3,318,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,106,040

  Geo Method

  $2,106,040

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,803,060

  Retail / Commercial

  $2,962,810

  Mixed-Use / Specialty

  $2,942,040

  Hospitality / Lodging

  $2,145,180

  Office

  $2,913,920

  Institutional / Educational

  $3,054,880

  Multifamily

  $4,343,350

  Automotive / Energy

  $2,618,470

  Parking / Income-Based Land

  $913,695

  Restaurant / Food Service

  $1,508,370

  Healthcare / Senior Housing

  $3,027,480

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.932

Longitude

-77.0294

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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