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Victorian Triplex with Private Decks

3023 15TH Street NW Washington, DC 20009

3023 15TH Street NW, Washington, DC, 20009

$1,395,000

For Sale

$1,395,000

MULTI_FAMILY - Victorian - WASHINGTON, DC

Property Size4,342 SF

Lot Size0.05 Acres

Price / SF$321.28

AddedApr 14, 2025

Days on Market459

Last RefreshJul 16 at 4:06 am

Property Features for 3023 15TH Street NW

General Information

Property type: Residential Multi Family
Property subtype: Other
Standard status: Active
Size: 4,342 SF
Lot size: 0.05 Acres

Taxes and HOA fees

Tax Annual Amount: 10658

Utilities

Heating system: Forced Air
Cooling system: Central Air

Building Details

Year built: 1907
Number of units: 3
Building materials: Brick
Architectural style: Victorian

Listing agent Janette A Harvey

Listing office Central Properties, LLC, 1 Thomas Circle unit: 700, Washington, DC

Listing date Apr 14, 2025

MLS# DCDC2195328 Listing URL

Investment Insights

Based on property information with market context.

Situated on a tree-lined street, this Victorian triplex offers a very spacious 3-unit layout totaling 4,342 square feet. The apartments are individually metered and all units are currently leased. Each unit is equipped with a dishwasher, disposal, and central heat and A/C, plus washer/dryer combo units and hardwood floors. Unit configurations include one 3-bedroom with two full baths spread across two levels, one 2-bedroom with 1.5 baths, and one 2-bedroom with 1 bath. Outdoor space is a meaningful part of the design: two units have private decks with access to the garden, and the lower-level unit provides access to a rear patio and garden.

The property is located in Columbia Heights, with convenient access to public transportation. It is one block from Columbia Metro Station and near shopping and restaurants, and it is minutes from Adams Morgan and Mount Pleasant.

For investors or owner-occupants looking for a ready-income residential asset, the fully leased status and individually metered utilities can support straightforward ongoing operations. The unit mix offers flexibility for different household sizes, from 2-bedroom layouts to the larger 3-bedroom, while the outdoor deck and patio access adds appeal to tenant prospects.

Key Highlights

3‑unit building with 4,000+ sq ft, brick construction, Victorian style, and year built 1907
All 3 apartments are leased and individually metered, with annual rent income of $103,176 (+/-)
Unit mix: one 3BD/2BA, one 2BD/1.5BA, and one 2BD/1BA, each with dishwasher and disposal

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$143.3k	$33.00
− Vacancy	−$7.9k	−$1.82
EGI	$135.4k	$31.19
− OpEx	−$40.6k	−$9.36
NOI	$94.8k	$21.83

4,342 SF · lease $33.00/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.35M

$1.18M – $1.58M (±1% cap)

NOI $94,784 @ 7.0% cap · market cap 6.79%

Second Best

Apartment 5plus

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,495 @ 7.0% cap · market cap 6.06%

Theoretical Best

Office A

$2.23M

$1.95M – $2.61M (±1% cap)

NOI $156,337 @ 7.0% cap · market cap 11.21%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Triplexes
DC
Washington
20009
3023 15TH Street NW

What type of property is this?

Triplex - Three leased, individually metered apartments with high ceilings and central HVAC, featuring private outdoor deck access.

Where is this triplex located?

The property is located at 3023 15TH Street NW Washington, DC.

What is the asking price?

The asking price for this property is $1,395,000.

What are key features of this property?

This property features: 3‑unit building with 4,000+ sq ft, brick construction, Victorian style, and year built 1907; All 3 apartments are leased and individually metered, with annual rent income of $103,176 (+/-); Unit mix: one 3BD/2BA, one 2BD/1.5BA, and one 2BD/1BA, each with dishwasher and disposal

3023 15TH Street NW Washington, DC 20009

MULTI_FAMILY - Victorian - WASHINGTON, DC

Property Features for 3023 15TH Street NW

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Similar For Sale Nearby

Columbia Heights Mixed-Use Investment

Turnkey Mixed-Use Redevelopment Opportunity

Prime Retail Opportunity in Washington

Three-Unit Townhouse with Rooftop Deck

Fully Occupied Quadplex Investment

Six-Unit Multifamily Building with RA-1

Office Condominium with Parking

Four-Unit Multifamily Building

Multifamily Property with Independent Entrances

Multi-Unit Residential Income Property

Fully Renovated 4-Unit Multifamily

Four-Unit Building in Carver Langston

FAQs