3023 15th Street Northwest Washington, DC 20009
Three-unit building near Columbia Heights Metro with income potential.
Property Features for 3023 15th Street Northwest
General Information
- Standard status
- Active
- Size
- 4,342 SF
- Property subtype
- Residential / Fee Simple
Building Details
- Year Built
- 1907
Listing office Central Properties, LLC, (301) 213-7355
Listing date May 15, 2026
Source Compass
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 Central Properties, LLC,
Investment Insights
Based on property information with market context.
Key Highlights
- High Annual Rent Income: $103,176 (+/-)
- Prime Location: One block from Columbia Metro Station, close to shopping and restaurants
- Spacious 3‑Unit Building: 4000+ sq ft with individually metered apartments
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $143.3k | $33.00 |
| − Vacancy | −$7.9k | −$1.82 |
| EGI | $135.4k | $31.19 |
| − OpEx | −$40.6k | −$9.36 |
| NOI | $94.8k | $21.83 |