Residential Income Condo with
For Sale
$349,392
1101 3RD STREET SW Unit 104, Washington, DC 20024
A renovated two-bedroom residence offers hardwood floors, floor-to-ceiling windows, in-unit laundry, and access to shared building amenities.
Property Size1,118 SF
Price / SF$312.52
Days on Market113
Property Features for 1101 3RD STREET SW Unit 104
General Information
Standard status
Active
Size
1,118 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,001
Amenities
front desk service
party room
workout room
bicycle room
private courtyard
community laundry room
Building Details
Building Size
1,118 SF
Year Built
1960
Year Renovated
2009
Listing Agency:
Realty Pros
Listed By:
Thejuanie R Brown · License #SP98366481
(202) 374-2817
Source:
Kartaproperties
Added: Jul 9
Changed: Oct 26
Last Checked: Oct 26 at 2:18PM
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 Realty Pros
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Investment Insights
Based on property information with market context.
This two-bedroom, one-bathroom condo occupies Unit 104 in Waterfront Tower, a 1960 building designed by I. M. Pei and renovated in 2009. The 1,118-square-foot unit features hardwood flooring, floor-to-ceiling windows, southwest-facing views, adjustable Mecho shades, and a washer-dryer combination in the kitchen. Additional storage is included.
Residents have access to front desk service, a party room, workout room, bicycle room, community laundry, and a private courtyard with grilling space. The building is next to Waterfront Station, Safeway, restaurants, and dry cleaners. Arena Stage and a seasonal farmers market are one block away; the Wharf, National Stadium, and Audi Field are within a few blocks. A separately deeded parking space is available as an option.
Residents have access to front desk service, a party room, workout room, bicycle room, community laundry, and a private courtyard with grilling space. The building is next to Waterfront Station, Safeway, restaurants, and dry cleaners. Arena Stage and a seasonal farmers market are one block away; the Wharf, National Stadium, and Audi Field are within a few blocks. A separately deeded parking space is available as an option.
Key Highlights
- 1,118‑square‑foot, two‑bedroom, one‑bathroom condo in Unit 104
- Hardwood flooring, floor‑to‑ceiling windows, and southwest‑facing views
- Washer‑dryer combination in the kitchen and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,576
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,520
$371.5K
Cap Rate 7%
$265,371
$265.4K
Cap Rate 9%
$206,400
$206.4K
Market Conditions
NOI Build-Up for 1,118 SF
Gross rent
$35.6K $31.80/SF
− Vacancy
−$1.8K −$1.59/SF
EGI
$33.8K $30.21/SF
− OpEx
−$15.2K −$13.59/SF
NOI
$18.6K $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%
$371,520
Cap Rate 7%
$265,371
Cap Rate 9%
$206,400
Alternative Uses
Best Use
Apartment 5plus
$265.4K
$232.2K – $309.6K
NOI $18,576 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$575.1K
$503.2K – $670.9K
NOI $40,254 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
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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 - A renovated two-bedroom residence offers hardwood floors, floor-to-ceiling windows, in-unit laundry, and access to shared building amenities.
Where is this residential income property located?
The property is located at 1101 3RD STREET SW Unit 104 Washington, DC.
What is the asking price?
The asking price for this property is $349,392.
What are key features of this property?
This property features: 1,118‑square‑foot, two‑bedroom, one‑bathroom condo in Unit 104; Hardwood flooring, floor‑to‑ceiling windows, and southwest‑facing views; Washer‑dryer combination in the kitchen and additional storage
