Three-Bedroom
For Sale
$499,900
3223 WARDER STREET NW Unit 3, Washington, DC 20010
The residence features wood flooring, high ceilings, and an in-unit washer and dryer hookup.
Property Size1,683 SF
Price / SF$297.03
Days on Market149
Property Features for 3223 WARDER STREET NW Unit 3
General Information
Standard status
Active
Size
1,683 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Park View
Units
Unit Mix
1 x 3BR/3.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,885
Building Details
Building Size
1,683 SF
Year Built
2017
Listing Agency:
D.S.A. Properties & Investments LLC
Listed By:
Deyi S Awadallah · License #0225073879
(703) 501-5252
Source:
Canopy-re
Added: Jun 4
Changed: Oct 27
Last Checked: Oct 26 at 3:05PM
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 D.S.A. Properties & Investments LLC
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Investment Insights
Based on property information with market context.
This 1,683-square-foot condominium, built in 2017, has three bedrooms and three-and-a-half bathrooms. Wood flooring runs throughout, while high ceilings and natural light characterize rooms at both the front and rear. An in-unit washer and dryer hookup is included.
The property is near Washington Hospital Center, Children’s Hospital, and Howard University. Shops, restaurants, and markets are available along the Georgia Avenue corridor, including Call Your Mother, St. Vincent, Timber Pizza Co., Yes! Market, and Safeway. The Reservoir District and U Street are also described as minutes away.
The property is near Washington Hospital Center, Children’s Hospital, and Howard University. Shops, restaurants, and markets are available along the Georgia Avenue corridor, including Call Your Mother, St. Vincent, Timber Pizza Co., Yes! Market, and Safeway. The Reservoir District and U Street are also described as minutes away.
Key Highlights
- Three bedrooms and 3.5 bathrooms
- 1,683 square feet; built in 2017
- Wood flooring throughout and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,964
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,280
$559.3K
Cap Rate 7%
$399,486
$399.5K
Cap Rate 9%
$310,711
$310.7K
Market Conditions
NOI Build-Up for 1,683 SF
Gross rent
$53.5K $31.80/SF
− Vacancy
−$2.7K −$1.59/SF
EGI
$50.8K $30.21/SF
− OpEx
−$22.9K −$13.59/SF
NOI
$28.0K $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%
$559,280
Cap Rate 7%
$399,486
Cap Rate 9%
$310,711
Alternative Uses
Best Use
Apartment 5plus
$399.5K
$349.6K – $466.1K
NOI $27,964 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$865.7K
$757.5K – $1.01M
NOI $60,598 @ 7.0% cap · market cap 12.12%
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
4,620
Businesses Nearby
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Business Placement
Demographics for 20010, DC
32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence features wood flooring, high ceilings, and an in-unit washer and dryer hookup.
Where is this residential income property located?
The property is located at 3223 WARDER STREET NW Unit 3 Washington, DC.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Three bedrooms and 3.5 bathrooms; 1,683 square feet; built in 2017; Wood flooring throughout and high ceilings
