Residential Income Property with Hardwood
For Sale
$739,000
2716 SHERMAN AVENUE NW Unit 3, Washington, DC 20001
The three-bedroom home features LG kitchen appliances, shaker cabinetry, and storage for varied household needs.
Property Size1,668 SF
Price / SF$443.05
Days on Market189
Property Features for 2716 SHERMAN AVENUE NW Unit 3
General Information
Standard status
Active
Size
1,668 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Pleasant Plains
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Building Details
Building Size
1,668 SF
Year Built
1926
Listing Agency:
Compass
Listed By:
Kyra Erika Agarwal · License #Sp200204432
(424) 666-9202
Source:
Canopy-re
Added: Apr 24
Changed: Oct 27
Last Checked: Oct 26 at 11:35AM
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 Compass
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Investment Insights
Based on property information with market context.
Residence 3 is a 1,668-square-foot home with three bedrooms, broad window exposure, and treetop views. Wide-plank hardwood flooring runs through the interior, while the kitchen combines LG appliances with shaker cabinetry. The layout includes substantial storage and supports a range of household arrangements.
The property is at 2716 Sherman Avenue NW in Washington, DC. Columbia Heights Metro is a few blocks away, with Whole Foods and the 14th Street and U Street corridors nearby. Shaw, Logan Circle, and downtown are also within reach.
The property is at 2716 Sherman Avenue NW in Washington, DC. Columbia Heights Metro is a few blocks away, with Whole Foods and the 14th Street and U Street corridors nearby. Shaw, Logan Circle, and downtown are also within reach.
Key Highlights
- 1,668 square feet with three bedrooms
- LG appliances and shaker cabinetry in the kitchen
- Wide‑plank hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,715
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,300
$554.3K
Cap Rate 7%
$395,929
$395.9K
Cap Rate 9%
$307,944
$307.9K
Market Conditions
NOI Build-Up for 1,668 SF
Gross rent
$53.0K $31.80/SF
− Vacancy
−$2.7K −$1.59/SF
EGI
$50.4K $30.21/SF
− OpEx
−$22.7K −$13.59/SF
NOI
$27.7K $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%
$554,300
Cap Rate 7%
$395,929
Cap Rate 9%
$307,944
Alternative Uses
Best Use
Apartment 5plus
$395.9K
$346.4K – $461.9K
NOI $27,715 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$858.0K
$750.7K – $1.00M
NOI $60,058 @ 7.0% cap · market cap 8.13%
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
5,266
Businesses Nearby
Explore this area
Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The three-bedroom home features LG kitchen appliances, shaker cabinetry, and storage for varied household needs.
Where is this residential income property located?
The property is located at 2716 SHERMAN AVENUE NW Unit 3 Washington, DC.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: 1,668 square feet with three bedrooms; LG appliances and shaker cabinetry in the kitchen; Wide‑plank hardwood flooring
