Residential Income Property with
For Sale
$599,900
3541 39TH STREET NW Unit F510, Washington, DC 20016
Top-floor living includes a flexible loft area, updated kitchen, and private in-unit storage.
Property Size1,175 SF
Price / SF$510.55
Days on Market15
Property Features for 3541 39TH STREET NW Unit F510
General Information
Standard status
Active
Size
1,175 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,531
Amenities
park-like grounds
in-unit storage
Building Details
Building Size
1,175 SF
Year Built
1942
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Olivia G. Dorieux-Lonergan · License #SP40001544
(202) 914-6471
Source:
Kerishull
Added: Sep 23
Changed: Oct 3
Last Checked: Oct 5 at 9:00PM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
This 1,175-square-foot, two-bedroom, one-bath residence has a loft-style layout on the top floor of a 1942 building. Hardwood floors and a repainted interior complement the main living area, while the updated kitchen includes an induction range, stone countertops, and ample cabinetry. The upper-level loft provides additional space, with private storage accessible from that level. Improvements include a new HVAC system installed in 2025, windows replaced in 2024, and new carpeting.
The property is in the McLean Gardens community in Northwest DC, with green space on the grounds. Neighborhood restaurants, shopping, parks, playgrounds, and Metro are among the nearby destinations. Cathedral Heights, Cleveland Park, and Tenleytown are also identified as accessible from the location.
The property is in the McLean Gardens community in Northwest DC, with green space on the grounds. Neighborhood restaurants, shopping, parks, playgrounds, and Metro are among the nearby destinations. Cathedral Heights, Cleveland Park, and Tenleytown are also identified as accessible from the location.
Key Highlights
- Two bedrooms and one bathroom across 1,175 square feet
- Top‑floor loft‑style layout with private in‑unit storage
- Kitchen features an induction range, stone countertops, and ample cabinet space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,523
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,460
$390.5K
Cap Rate 7%
$278,900
$278.9K
Cap Rate 9%
$216,922
$216.9K
Market Conditions
NOI Build-Up for 1,175 SF
Gross rent
$37.4K $31.80/SF
− Vacancy
−$1.9K −$1.59/SF
EGI
$35.5K $30.21/SF
− OpEx
−$16.0K −$13.59/SF
NOI
$19.5K $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%
$390,460
Cap Rate 7%
$278,900
Cap Rate 9%
$216,922
Alternative Uses
Best Use
Apartment 5plus
$278.9K
$244.0K – $325.4K
NOI $19,523 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$604.4K
$528.8K – $705.1K
NOI $42,307 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor living includes a flexible loft area, updated kitchen, and private in-unit storage.
Where is this residential income property located?
The property is located at 3541 39TH STREET NW Unit F510 Washington, DC.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two bedrooms and one bathroom across 1,175 square feet; Top‑floor loft‑style layout with private in‑unit storage; Kitchen features an induction range, stone countertops, and ample cabinet space
