Penthouse Residential Income
3223 WARDER STREET NW #4, Washington, DC 20010
For Sale
$449,900
Updated penthouse residence with private baths, rooftop access, and a dedicated rear parking space near Georgia Avenue amenities.
Property Size1,682 SF
Price / SF$267.48
Days on Market57
Property Features for 3223 WARDER STREET NW #4
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
rooftop access
Building Details
Year Built
Listing Agency:
Hometime Realty, LLC
Listed By:
Angie Hashempour · License #6570
(301) 793-3614
Source:
Cummingsrealtors
Added: Sep 14
Changed: Nov 8
Last Checked: Nov 8 at 6:56AM
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 Hometime Realty, LLC
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Investment Insights
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This 1,682-square-foot penthouse residence, built in 2017, combines an open kitchen and dining area with hardwood flooring, recessed lighting, and upgraded finishes. The kitchen includes granite countertops, while the primary suite adds a walk-in closet and a bath with granite, ceramic tile, and a modern shower. Each bedroom has its own full bathroom, and rooftop access provides additional outdoor space. A dedicated rear parking space is included.
The property is located at 3223 Warder Street NW #4 in Washington, DC, near shopping, dining, and major highways. Nearby destinations include Washington Hospital Center, Children's Hospital, Howard University, Call Your Mother, St. Vincent, Timber Pizza Co., Yes! Market, and Safeway along the Georgia Avenue corridor. The home is also minutes from the Reservoir District and U Street. Its layout and location support consideration for short-term rental use or residential investment.
The property is located at 3223 Warder Street NW #4 in Washington, DC, near shopping, dining, and major highways. Nearby destinations include Washington Hospital Center, Children's Hospital, Howard University, Call Your Mother, St. Vincent, Timber Pizza Co., Yes! Market, and Safeway along the Georgia Avenue corridor. The home is also minutes from the Reservoir District and U Street. Its layout and location support consideration for short-term rental use or residential investment.
Key Highlights
- 1,682‑square‑foot penthouse residence built in 2017
- Each bedroom includes a full bathroom
- Primary suite with walk‑in closet and upgraded bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,947
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,940
$558.9K
Cap Rate 7%
$399,243
$399.2K
Cap Rate 9%
$310,522
$310.5K
Market Conditions
NOI Build-Up for 1,682 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
$27.9K $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%
$558,940
Cap Rate 7%
$399,243
Cap Rate 9%
$310,522
Alternative Uses
Best Use
Apartment 5plus
$399.2K
$349.3K – $465.8K
NOI $27,947 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$865.2K
$757.0K – $1.01M
NOI $60,562 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
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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
$868,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Washington, DC
Properties on Market for Residential income properties in Washington
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Residential income property - Updated penthouse residence with private baths, rooftop access, and a dedicated rear parking space near Georgia Avenue amenities.
Where is this residential income property located?
The property is located at 3223 WARDER STREET NW #4 Washington, DC.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 1,682‑square‑foot penthouse residence built in 2017; Each bedroom includes a full bathroom; Primary suite with walk‑in closet and upgraded bath
