Renovated 3-Bedroom
For Sale
$639,950
Pending
3621 39TH STREET NW Unit B320, Washington, DC 20016
Two-level residential income property with separate entrances, refreshed interiors, and access to extensive community amenities.
Property Size1,365 SF
Days on Market143
Property Features for 3621 39TH STREET NW Unit B320
General Information
Standard status
Pending
Size
1,365 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,860
Amenities
outdoor pool
community center
ballroom
barbecue areas
lushly landscaped grounds
dog park
community garden
playgrounds
tennis courts
trails of Glover Archbold Park
in-unit washer and dryer
Building Details
Building Size
1,365 SF
Year Built
1942
Listing Agency:
Urban Brokers, LLC
Listed By:
Mark Oliver Meyerdirk · License #PB98360195
(202) 489-6150
Source:
Kerishull
Added: May 29
Changed: Oct 15
Last Checked: Oct 16 at 6:25PM
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 Urban Brokers, LLC
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Investment Insights
Based on property information with market context.
This two-level residential income property offers 1,365 square feet with three bedrooms and two full bathrooms. The 1942-built duplex has been comprehensively updated with stainless steel kitchen appliances, refinished hardwood flooring, new carpeting, fresh paint, updated lighting, new door hardware, and renovated bathrooms. Its main level includes an open living and dining area, while the lower level provides a den, two bedrooms, a full bathroom, in-unit laundry, and a second entrance.
The property is part of McLean Gardens in Washington, DC, with access to an outdoor pool, community center and ballroom, barbecue areas, and landscaped grounds. Nearby amenities include a dog park, community garden, playgrounds, tennis courts, Glover Archbold Park trails, Wegmans, OneLife Fitness, shopping, dining, and public transportation.
The property is part of McLean Gardens in Washington, DC, with access to an outdoor pool, community center and ballroom, barbecue areas, and landscaped grounds. Nearby amenities include a dog park, community garden, playgrounds, tennis courts, Glover Archbold Park trails, Wegmans, OneLife Fitness, shopping, dining, and public transportation.
Key Highlights
- 1,365 square feet across two levels
- Three bedrooms and two full bathrooms
- Updated kitchen appliances, bathrooms, flooring, lighting, and hardware
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,680
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,600
$453.6K
Cap Rate 7%
$324,000
$324.0K
Cap Rate 9%
$252,000
$252.0K
Market Conditions
NOI Build-Up for 1,365 SF
Gross rent
$43.4K $31.80/SF
− Vacancy
−$2.2K −$1.59/SF
EGI
$41.2K $30.21/SF
− OpEx
−$18.6K −$13.59/SF
NOI
$22.7K $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%
$453,600
Cap Rate 7%
$324,000
Cap Rate 9%
$252,000
Alternative Uses
Best Use
Apartment 5plus
$324.0K
$283.5K – $378.0K
NOI $22,680 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$702.1K
$614.4K – $819.1K
NOI $49,148 @ 7.0% cap · market cap 7.68%
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level residential income property with separate entrances, refreshed interiors, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 3621 39TH STREET NW Unit B320 Washington, DC.
What is the asking price?
The asking price for this property is $639,950.
What are key features of this property?
This property features: 1,365 square feet across two levels; Three bedrooms and two full bathrooms; Updated kitchen appliances, bathrooms, flooring, lighting, and hardware
