Two-Bedroom Residential
For Sale
$419,999
3318 SHERMAN AVENUE NW Unit 104, Washington, DC 20010
The 1.5-bath layout includes an open living area, granite-counter kitchen, stainless steel appliances, and in-unit laundry.
Property Size856 SF
Price / SF$490.65
Days on Market344
Property Features for 3318 SHERMAN AVENUE NW Unit 104
General Information
Standard status
Active
Size
856 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Heights
Taxes and HOA fees
Annual Taxes
$3,450
Building Details
Building Size
856 SF
Year Built
1915
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Nov 20, 2025
Changed: Oct 27
Last Checked: Oct 26 at 2:34PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This two-bedroom residence has an open living area, a kitchen with granite countertops and stainless steel appliances, and an in-unit washer and dryer. The layout includes one full bathroom and one half bathroom. The garden-style building dates to 1915 and underwent a major renovation in 2010.
The association covers water, sewer, and trash removal. The unit is at 3318 Sherman Avenue NW in Washington, DC.
The association covers water, sewer, and trash removal. The unit is at 3318 Sherman Avenue NW in Washington, DC.
Key Highlights
- Two bedrooms and 1.5 bathrooms
- 856 property size
- Building constructed in 1915; major renovation completed in 2010
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,223
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,460
$284.5K
Cap Rate 7%
$203,186
$203.2K
Cap Rate 9%
$158,033
$158.0K
Market Conditions
NOI Build-Up for 856 SF
Gross rent
$27.2K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$25.9K $30.21/SF
− OpEx
−$11.6K −$13.59/SF
NOI
$14.2K $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%
$284,460
Cap Rate 7%
$203,186
Cap Rate 9%
$158,033
Alternative Uses
Best Use
Apartment 5plus
$203.2K
$177.8K – $237.1K
NOI $14,223 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$440.3K
$385.3K – $513.7K
NOI $30,821 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,112
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 1.5-bath layout includes an open living area, granite-counter kitchen, stainless steel appliances, and in-unit laundry.
Where is this residential income property located?
The property is located at 3318 SHERMAN AVENUE NW Unit 104 Washington, DC.
What is the asking price?
The asking price for this property is $419,999.
What are key features of this property?
This property features: Two bedrooms and 1.5 bathrooms; 856 property size; Building constructed in 1915; major renovation completed in 2010
