3709 New Hampshire AveWashington, DC 20010

Property Details for 3709 New Hampshire Ave

Year built

2021

Construction

BRICK

Property size (Sq ft)

22,920 SF

Zone code

NC-8

Property type

Residential income properties

Property subtype

High-rise multifamily apartments

APN

3030 7000

APU

30307000

Description

This exceptional Class A mixed-use property, built in 2022, offers 17 spacious three-bedroom, two-bathroom apartment units, ranging from 945 to 1,095 square feet, and a 3,400 square foot ground-floor retail space. The 22,920 square foot building sits on a 4,674 square foot lot zoned NC-8 and boasts high-end finishes including wood grain flooring, in-unit washer/dryer, recessed lighting, gloss cabinets, Silestone countertops, and polished chrome fixtures. Residents enjoy a rooftop lounge and other communal spaces. Located at 3709 New Hampshire Ave NW, Washington, DC 20010, this property benefits from its prime location in the Petworth neighborhood, directly across from the Georgia Ave-Petworth Metro Station. The building is currently vacant, presenting an opportunity to lease units at market rates, maximizing income potential. The asking price is $7,100,000, with a price per square foot of $309.77. This turnkey asset offers significant potential for long-term growth and profitability due to its location, high-end features, and lack of rent control. The property's Walk Score is 96, Transit Score is 70, and Bike Score is 90, reflecting its convenient and accessible location. This is a rare opportunity to acquire a non-rent controlled, Class A property in a thriving urban area.

• CAP approach

  CAP return

  Valuation

  6%

  $7,344,793

  6.5%

  $6,779,809

  7%

  $6,295,537

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,933,198

  Geo Method

  $5,933,198

• Alternative Use

  Use

  Valuation

  Residential

  $6,779,809

  Hospitality

  $6,210,268

  Educational

  $5,166,870

  Medical

  $5,344,567

  Retail

  $8,037,354

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9367

Longitude

-77.0237

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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].