Fully Renovated 7-Unit Apartment
For Sale
$4,750,000
1944 3RD Street NE, Washington, DC 20002
Renovated multifamily with self-contained units ranging from 1 to 6 bedrooms and rear parking on a large lot.
Property Size3,570 SF
Price / SF$1,330
Days on Market120
Property Features for 1944 3RD Street NE
General Information
Standard status
Active
Size
3,570 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Business Included
Yes
Multifamily Units
7
Building Details
Year Built
2023
Listing Agency:
Long & Foster Real Estate,Inc.
(888) 536-0216
Listed By:
Samuel R Davis · License #AB95309
Source:
Deepcreeklake
Added: May 4
Changed: Aug 28
Last Checked: Aug 30 at 6:17PM
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 Long & Foster Real Estate,Inc.
Investment Insights
Based on property information with market context.
This fully renovated 7-unit apartment building features self-contained apartments updated to modern residential standards. The unit mix offers flexible bedroom configurations, with layouts ranging from 1 to 6 bedrooms, including 2–6 bedroom and 4–5 bedroom unit types. The building is presented as partially leased, with occupancy secured from day one, and includes subsidized, guaranteed rental income already in place.
Set on a large lot with rear parking, the property is positioned for convenient access to the Rhode Island Avenue Metro station and Union Market. It is also surrounded by nearby retail and restaurants, with neighborhood amenities along 12th Street.
For investors and operators, the combination of renovation, self-contained unit setups, and an established rental income structure provides a practical foundation for acquiring a multifamily asset with immediate occupancy. The rear parking and large-lot setting add operational utility, while the bedroom-range unit mix can help accommodate a variety of household needs within one building.
Set on a large lot with rear parking, the property is positioned for convenient access to the Rhode Island Avenue Metro station and Union Market. It is also surrounded by nearby retail and restaurants, with neighborhood amenities along 12th Street.
For investors and operators, the combination of renovation, self-contained unit setups, and an established rental income structure provides a practical foundation for acquiring a multifamily asset with immediate occupancy. The rear parking and large-lot setting add operational utility, while the bedroom-range unit mix can help accommodate a variety of household needs within one building.
Key Highlights
- Fully renovated 7‑unit multifamily building built in 2023
- Unit mix includes 1‑4‑bedroom, 4‑5 bedroom, and 2‑6bedroom 4‑5 bedroom self‑contained apartments
- Self‑contained units updated to modern residential standards
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,887
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily with self-contained units ranging from 1 to 6 bedrooms and rear parking on a large lot.
Where is this apartment building located?
The property is located at 1944 3RD Street NE Washington, DC.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Fully renovated 7‑unit multifamily building built in 2023; Unit mix includes 1‑4‑bedroom, 4‑5 bedroom, and 2‑6bedroom 4‑5 bedroom self‑contained apartments; Self‑contained units updated to modern residential standards
