3601 14Th StWashington, DC 20010

Property Details for 3601 14Th St

Year built

2022

Construction

BRICK

Lot size

0.05 AC

Property size (Sq ft)

9,913 SF

Zone code

MU-4

Property type

Apartment buildings

APN

2827 0083

APU

28270083

Description

This exceptional 10-unit apartment building, constructed in 2022, offers a turnkey investment opportunity in Washington, DC's vibrant Columbia Heights neighborhood. The four-story, 9,800 square foot building boasts 7,850 square feet of net rentable space, with each of the ten units featuring two bedrooms and two bathrooms. High-end finishes include hardwood floors, granite countertops, in-unit washer/dryers, custom cabinetry, and high-end appliances. All units are equipped with central air conditioning and energy-efficient Pella windows. The building also features a green roof, adding to its sustainability and longevity. Currently 100% occupied (as of December 9, 2024), the property includes nine units rented to voucher tenants and one market-rate unit, providing a stable income stream. Situated on a 0.05-acre lot, the property is zoned MU-4 and benefits from its location near two Metro stations (within five blocks of both the Georgia Avenue/Petworth and Columbia Heights stations), providing excellent access to public transportation. Its proximity to the central business district and downtown Silver Spring further enhances its appeal. This prime location within a thriving, affluent neighborhood, characterized by a highly educated population and high average household income, presents a compelling investment opportunity with significant potential for long-term growth. The building's modern construction, premium features, and strong tenant base make it an ideal asset for discerning investors seeking a stable, high-return investment in a desirable location. The property is offered fee simple.

• CAP approach

  CAP return

  Valuation

  6%

  $3,176,655

  6.5%

  $2,932,297

  7%

  $2,722,847

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,566,134

  Geo Method

  $2,566,134

• Alternative Use

  Use

  Valuation

  Residential

  $2,932,297

  Hospitality

  $2,685,968

  Educational

  $2,234,694

  Medical

  $2,311,548

  Retail

  $3,476,191

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9363

Longitude

-77.0324

CBSA code

47900

CBSA name

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

Property Tax & Assessments

FAQs

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