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    3412 Prospect St NW Washington, DC 20007

    Sponsored
    For Sale
    $2,250,000

    MULTI_FAMILY - Colonial - WASHINGTON, DC

    Property size:
    3,032 SF
    Lot size:
    0.04 Acres
    Days on Market:
    9
    Last Refresh:
    Jan 21 at 8:06 am

    Property Features for 3412 Prospect St NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking features
    Driveway
    Interior features
    2nd Kitchen, Built-Ins
    Fireplace
    1
    Size
    3,032 SF
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Central, Other (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Brick
    Architectural style
    Colonial

    We can help!

    Listing Contact
    James Crowe

    Compass (202) 491-1275 [email protected]

    Listing agent James Paul Crowe (703) 229-8935 License #SP98367672

    Listing date Jan 13, 2026

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Georgetown Multi-Family with Potomac Views

    Located in Georgetown, this three-level property, built in 1900, offers views of the Potomac River, Key Bridge, and the Rosslyn skyline from multiple terraces. The property features individual entrances, laundry facilities, and kitchens on each level, along with a private parking space. The flexible layout allows the property to function as an income property, multigenerational living space, guest suites, private workspaces, or a single-family home. The upper-level penthouse includes a wall of windows with views, a balcony, and a rooftop terrace. The top level features an exposed brick wall, 11-foot ceilings, and a gas fireplace. The kitchen is equipped with solid wood cabinetry, granite countertops, and stainless-steel appliances. A bathroom with marble surround completes the level. The second level offers an additional bedroom and a flexible second area that can serve as a bedroom or office, along with a gas fireplace. The lower-level English basement studio has built-in cabinetry and serves as a guest suite with a private entrance, combined living space, full bath, laundry, and kitchenette. The property is located one block from Georgetown University and the M Street corridor, two blocks from Wisconsin Avenue, and three blocks from the Potomac River and the Key Bridge. The property is situated on a 0.04-acre lot and the building size is 3032 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    Washington
    County
    District of Columbia
    State
    DC
    Longitude
    -77.06839
    Latitude
    38.90568

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    FAQs

    What type of property is this?
    Triplex - Ideally located Georgetown residence with flexible living and income options.
    Where is this triplex located?
    The property is located at 3412 Prospect St NW Washington, DC.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Sweeping Potomac River, Key Bridge, and Rosslyn skyline views from multiple terraces, including a rooftop entertaining area.; - Flexible three-level layout with separate entrances, kitchens, and laundry facilities on each level, suitable for income property, multigenerational living, or conversion to a single-family home.; - Prime Georgetown location: one block to Georgetown University and M Street, two blocks to Wisconsin Avenue, and three blocks to the Potomac River and Key Bridge.
    (703) 229-8935
    Request Owner's contact information
    3412 Prospect St NW Washington, DC 20007
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    Washington, DC 20007
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3412 Prospect St NW Washington, DC 20007
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    We can help!
    Listing Contact
    James Crowe
    Real Estate License ID: SP98367672
    (703) 229-8935
    Learn more
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