Two-Level Residential Income
For Sale
$745,000
3530 39TH STREET NW Unit B650, Washington, DC 20016
Renovated kitchen, lower-level den and separate entrance complement two bedrooms and assigned parking.
Property Size1,501 SF
Price / SF$496.34
Days on Market8
Property Features for 3530 39TH STREET NW Unit B650
General Information
Standard status
Active
Size
1,501 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
McLean Gardens
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,406
Amenities
community pool
tennis courts
grills
Building Details
Building Size
1,501 SF
Year Built
1942
Listing Agency:
Compass
Listed By:
Olivia Colligan · License #SP200205454
(302) 540-3475
Source:
Kerishull
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 28 at 2:08PM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,501-square-foot, two-level residence has two bedrooms and two full bathrooms. The main floor includes hardwood living and dining areas, a renovated kitchen with white cabinetry, quartz counters and KitchenAid stainless appliances, and a bedroom. Below, a second bedroom and full bath accompany an open den, a separate entrance, a laundry room and additional storage. An assigned parking space is included.
Residents have access to a community pool, tennis courts and grills. City Ridge, with Wegmans, Equinox, Tatte and dining options, is a few blocks away. Two Red Line stops are less than a mile from the property. The building dates to 1942.
Residents have access to a community pool, tennis courts and grills. City Ridge, with Wegmans, Equinox, Tatte and dining options, is a few blocks away. Two Red Line stops are less than a mile from the property. The building dates to 1942.
Key Highlights
- 1,501‑square‑foot residence with two bedrooms and two full bathrooms
- Two‑level layout with separate lower‑level entrance, open den and laundry room
- Renovated kitchen features quartz counters and KitchenAid stainless appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,940
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,800
$498.8K
Cap Rate 7%
$356,286
$356.3K
Cap Rate 9%
$277,111
$277.1K
Market Conditions
NOI Build-Up for 1,501 SF
Gross rent
$47.7K $31.80/SF
− Vacancy
−$2.4K −$1.59/SF
EGI
$45.3K $30.21/SF
− OpEx
−$20.4K −$13.59/SF
NOI
$24.9K $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%
$498,800
Cap Rate 7%
$356,286
Cap Rate 9%
$277,111
Alternative Uses
Best Use
Apartment 5plus
$356.3K
$311.8K – $415.7K
NOI $24,940 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$772.1K
$675.6K – $900.8K
NOI $54,045 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
Explore this area
Business Placement
Demographics for 20016, DC
35,068
Population
15,457
Households
2.3
Avg Household Size
37
Median Age
88%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
7,970
Density / Sq Mi
$179,107
Median Household Income
$104,275
Median Earnings
$2,105
Median Rent
$1,206,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Renovated kitchen, lower-level den and separate entrance complement two bedrooms and assigned parking.
Where is this residential income property located?
The property is located at 3530 39TH STREET NW Unit B650 Washington, DC.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: 1,501‑square‑foot residence with two bedrooms and two full bathrooms; Two‑level layout with separate lower‑level entrance, open den and laundry room; Renovated kitchen features quartz counters and KitchenAid stainless appliances
