Updated Two-Level Residential Income
For Sale
$599,000
Pending
3610 39TH STREET NW Unit A541, Washington, DC 20016
Two-level residence with updated kitchen, flexible lower-level den, in-unit laundry, and access to extensive community amenities.
Property Size1,360 SF
Days on Market87
Property Features for 3610 39TH STREET NW Unit A541
General Information
Standard status
Pending
Size
1,360 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,726
Amenities
pool
tennis courts
playgrounds
dog park
community garden
picnic/BBQ areas
on-site management
on-site maintenance
washer/dryer
Building Details
Building Size
1,360 SF
Year Built
1942
Listing Agency:
KW United
Listed By:
Tanya Salseth · License #SP200202096
(202) 823-9864
Source:
Kerishull
Added: Jul 24
Changed: Oct 6
Last Checked: Oct 16 at 2:45PM
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 KW United
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Investment Insights
Based on property information with market context.
This two-level residential income property provides 1,360 square feet of living space with two bedrooms and two full bathrooms. The main level includes hardwood flooring, a living and dining area, recessed lighting, an updated kitchen with stainless steel appliances and cabinet storage, one bedroom, and one full bath. The lower level adds a second oversized bedroom, another full bathroom, a versatile den, storage, and a full-size front-loading LG/Kenmore stackable washer and dryer.
Updates include the kitchen and lower-level flooring in 2020, renovated bathrooms, a new HVAC system in 2024, and a 2016 water heater. The residence is part of McLean Gardens, a 43-acre community with a pool, tennis courts, playgrounds, dog park, community garden, green space, picnic and BBQ areas, and on-site management and maintenance. Cathedral Commons, City Ridge, restaurants, shops, fitness studios, the National Cathedral, Metro, and major commuter routes are nearby.
Updates include the kitchen and lower-level flooring in 2020, renovated bathrooms, a new HVAC system in 2024, and a 2016 water heater. The residence is part of McLean Gardens, a 43-acre community with a pool, tennis courts, playgrounds, dog park, community garden, green space, picnic and BBQ areas, and on-site management and maintenance. Cathedral Commons, City Ridge, restaurants, shops, fitness studios, the National Cathedral, Metro, and major commuter routes are nearby.
Key Highlights
- 1,360 square feet with two bedrooms and two full bathrooms
- Two‑level layout with a flexible den, storage, and in‑unit stackable washer and dryer
- Updated kitchen with stainless steel appliances and generous cabinet storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,597
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,940
$451.9K
Cap Rate 7%
$322,814
$322.8K
Cap Rate 9%
$251,078
$251.1K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$43.2K $31.80/SF
− Vacancy
−$2.2K −$1.59/SF
EGI
$41.1K $30.21/SF
− OpEx
−$18.5K −$13.59/SF
NOI
$22.6K $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%
$451,940
Cap Rate 7%
$322,814
Cap Rate 9%
$251,078
Alternative Uses
Best Use
Apartment 5plus
$322.8K
$282.5K – $376.6K
NOI $22,597 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$699.5K
$612.1K – $816.1K
NOI $48,968 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,554
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 - Two-level residence with updated kitchen, flexible lower-level den, in-unit laundry, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 3610 39TH STREET NW Unit A541 Washington, DC.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,360 square feet with two bedrooms and two full bathrooms; Two‑level layout with a flexible den, storage, and in‑unit stackable washer and dryer; Updated kitchen with stainless steel appliances and generous cabinet storage
