One-Bedroom Residential
For Sale
$428,000
1101 3RD STREET SW Unit 306, Washington, DC 20024
Corner layout pairs an open living area with floor-to-ceiling windows and basement storage.
Property Size874 SF
Price / SF$489.70
Days on Market396
Property Features for 1101 3RD STREET SW Unit 306
General Information
Standard status
Active
Size
874 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,034
Amenities
fitness center
party room
private outdoor courtyard
storage unit
Building Details
Building Size
874 SF
Year Built
1960
Listing Agency:
Taylor Properties
Listed By:
Nanette D Evans
(240) 548-7765
Source:
Canopy-re
Added: Sep 30, 2025
Changed: Oct 26
Last Checked: Oct 26 at 2:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Taylor Properties
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Investment Insights
Based on property information with market context.
This 874-square-foot, one-bedroom, one-bath corner unit has an open plan and floor-to-ceiling windows. The kitchen includes wood cabinetry, Silestone counters, black stainless-steel gas appliances, and a built-in washer-dryer combination. A separate storage unit is on the basement level. The building, constructed in 1960, has a fitness center, party room, outdoor courtyard, and a pet policy with restrictions.
The property is in downtown Washington, DC, within walking distance of the SW Waterfront Metro Station, Safeway, and CVS. The National Mall and the Wharf are a few blocks away; nearby destinations cited include Arena Stage, Nationals Park, Audi Field, shops, dining, and music venues.
The property is in downtown Washington, DC, within walking distance of the SW Waterfront Metro Station, Safeway, and CVS. The National Mall and the Wharf are a few blocks away; nearby destinations cited include Arena Stage, Nationals Park, Audi Field, shops, dining, and music venues.
Key Highlights
- 874‑square‑foot corner unit with one bedroom and one bathroom
- Open floor plan with floor‑to‑ceiling windows
- Kitchen features Silestone countertops, wood cabinetry, and black stainless‑steel gas appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,522
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,440
$290.4K
Cap Rate 7%
$207,457
$207.5K
Cap Rate 9%
$161,356
$161.4K
Market Conditions
NOI Build-Up for 874 SF
Gross rent
$27.8K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$26.4K $30.21/SF
− OpEx
−$11.9K −$13.59/SF
NOI
$14.5K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,440
Cap Rate 7%
$207,457
Cap Rate 9%
$161,356
Alternative Uses
Best Use
Apartment 5plus
$207.5K
$181.5K – $242.0K
NOI $14,522 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$449.6K
$393.4K – $524.5K
NOI $31,469 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,009
Businesses Nearby
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Business Placement
Demographics for 20024, DC
15,952
Population
11,560
Households
1.4
Avg Household Size
37
Median Age
70%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
7,251
Density / Sq Mi
$102,623
Median Household Income
$94,419
Median Earnings
$2,121
Median Rent
$497,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner layout pairs an open living area with floor-to-ceiling windows and basement storage.
Where is this residential income property located?
The property is located at 1101 3RD STREET SW Unit 306 Washington, DC.
What is the asking price?
The asking price for this property is $428,000.
What are key features of this property?
This property features: 874‑square‑foot corner unit with one bedroom and one bathroom; Open floor plan with floor‑to‑ceiling windows; Kitchen features Silestone countertops, wood cabinetry, and black stainless‑steel gas appliances
