4801 3RD Street NW Washington, DC 20011

4801 3rd Street NW is a five-unit multifamily property configured with three 3-bedroom units and two 2-bedroom units. The building is currently operated under a group rental structure with one long-term tenant, producing combined monthly income of $8,084. The listing notes the property is delivered without a current Basic Business License (BBL), and any buyer should plan to complete required licensing steps and maintain full compliance with DC rental regulations.

Located in Washington, DC 20011, the property is positioned in Petworth, per the seller’s remarks. The offering highlights that recent rent estimator guidance for the ZIP code reflects $4,113 for 3BR units and $2,805 for 2BR units. Using that framework, the listing provides an illustrative pro forma gross annual rent of approximately $185,712, after which typical operating expenses are modeled to arrive at an estimated stabilized NOI in the $115,000 to $125,000 range (illustrative only).

For investors evaluating a value-add repositioning, this layout supports a transition plan, including the potential to move toward the voucher program as described in the remarks. The seller also notes that investors commonly evaluate tenant transition costs as part of repositioning, though actual outcomes depend on execution, tenant cooperation, and program approval. The property’s 5-unit size and current configuration may fit buyers seeking an operational focus rather than speculative redevelopment, with the listing stating it may align with 1031 exchange objectives.