Multifamily Apartment
3427 13th Street Northwest Washington, DC 20010
3427 13th Street Northwest, Washington, DC, 20010
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For Sale
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Well-maintained 16-unit apartment building with on-site laundry, surface parking, and private patio or balcony units.
Property Size13,852 SF
Price / SF$297.79
Days on Market86
Property Features for 3427 13th Street Northwest
General Information
- Standard status
- Active
- Size
- 13,852 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1911
Listing agency
Harbor Stone Advisors
Listed by
Justin Verner · License #MD 630799
Source
Crexi
Added: Apr 28 Updated: Jul 22 at 6:34AM Checked: Jul 22 at 6:34AM
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 Harbor Stone Advisors
Investment Insights
Based on property information with market context.
Tivoli Place is an expertly maintained multifamily apartment building featuring 16 units with a mix of (1) efficiency, (5) 1 bed / 1 bath, (8) 2 bed / 1 bath, and (2) 2 bed / 2 bath homes. Typical interiors include white and stainless steel appliances, wood cabinets, granite or marble countertops, and hardwood or tile flooring. The property also offers an on-site laundry facility, four surface parking spaces, and ten units with private patio or balcony access.
Located in NW Washington, DC in the Columbia Heights neighborhood, Tivoli Place is described as being within steps of retail, dining, and nightlife.
As of the provided information, the property is 50% occupied. A new owner may lease the vacant units in accordance with DC rent control regulations, with stated room to increase up to a 10% maximum over prior rents.
Located in NW Washington, DC in the Columbia Heights neighborhood, Tivoli Place is described as being within steps of retail, dining, and nightlife.
As of the provided information, the property is 50% occupied. A new owner may lease the vacant units in accordance with DC rent control regulations, with stated room to increase up to a 10% maximum over prior rents.
Key Highlights
- 16‑unit multifamily building built in 1911 in NW Washington, DC
- Unit mix: 1 efficiency, 5 studios (1 bed/1 bath), 8 two bed/1 bath, and 2 two bed/2 bath
- Typical interiors include white/stainless steel appliances, wood cabinets, granite/marble countertops, and hardwood/tile flooring
Local Financial Insights For Apartment 5plus
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 | $440.5k | $31.80 |
| − Vacancy | −$22.0k | −$1.59 |
| EGI | $418.5k | $30.21 |
| − OpEx | −$188.3k | −$13.59 |
| NOI | $230.2k | $16.62 |
13,852 SF · lease $31.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.29M
$2.88M – $3.84M
NOI $230,158 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.13M
$6.23M – $8.31M
NOI $498,752 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 16-unit apartment building with on-site laundry, surface parking, and private patio or balcony units.
Where is this apartment building located?
The property is located at 3427 13th Street Northwest Washington, DC.
What is the asking price?
The asking price for this property is $4,125,000.
What are key features of this property?
This property features: 16‑unit multifamily building built in 1911 in NW Washington, DC; Unit mix: 1 efficiency, 5 studios (1 bed/1 bath), 8 two bed/1 bath, and 2 two bed/2 bath; Typical interiors include white/stainless steel appliances, wood cabinets, granite/marble countertops, and hardwood/tile flooring
