Residential Income Property with Garage
For Sale
$329,900
1101 3RD STREET SW Unit 713, Washington, DC 20024
The one-bedroom, one-bath residence includes in-unit laundry and four private storage bins.
Property Size894 SF
Price / SF$369.02
Days on Market118
Property Features for 1101 3RD STREET SW Unit 713
General Information
Standard status
Active
Size
894 SF
Total Parking Spaces
1
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
$2,476
Amenities
concierge service
fitness center
bike storage
on-site management
pet friendly
Building Details
Building Size
894 SF
Year Built
1960
Construction
mid-century modern
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Jul 4
Changed: Oct 26
Last Checked: Oct 26 at 1:09PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 894-square-foot residence in Waterfront Tower has one bedroom, one bathroom, an open layout, floor-to-ceiling windows, and ample closet space. An assigned garage space, in-unit washer and dryer, and four private storage bins are included. The building dates to 1960 and was designed by I. M. Pei.
Building amenities include concierge service, a fitness center, secure access, bike storage, maintained common areas, and on-site management. The property is in Southwest Washington, near The Wharf, Nationals Park, Audi Field, Arena Stage, Metro stations, and waterfront parks. Downtown Washington, Maryland, and Northern Virginia are accessible from the area.
Building amenities include concierge service, a fitness center, secure access, bike storage, maintained common areas, and on-site management. The property is in Southwest Washington, near The Wharf, Nationals Park, Audi Field, Arena Stage, Metro stations, and waterfront parks. Downtown Washington, Maryland, and Northern Virginia are accessible from the area.
Key Highlights
- 894‑square‑foot residence with one bedroom and one bathroom
- Assigned garage parking space
- Four private storage bins and in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,854
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,080
$297.1K
Cap Rate 7%
$212,200
$212.2K
Cap Rate 9%
$165,044
$165.0K
Market Conditions
NOI Build-Up for 894 SF
Gross rent
$28.4K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$27.0K $30.21/SF
− OpEx
−$12.2K −$13.59/SF
NOI
$14.9K $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%
$297,080
Cap Rate 7%
$212,200
Cap Rate 9%
$165,044
Alternative Uses
Best Use
Apartment 5plus
$212.2K
$185.7K – $247.6K
NOI $14,854 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$459.8K
$402.4K – $536.5K
NOI $32,189 @ 7.0% cap · market cap 9.76%
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 - The one-bedroom, one-bath residence includes in-unit laundry and four private storage bins.
Where is this residential income property located?
The property is located at 1101 3RD STREET SW Unit 713 Washington, DC.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 894‑square‑foot residence with one bedroom and one bathroom; Assigned garage parking space; Four private storage bins and in‑unit washer and dryer
