Two-Level Residential
For Sale
$414,000
3800 PORTER STREET NW Unit 302, Washington, DC 20016
A private two-level layout pairs a primary suite upstairs with condominium amenities, on-site parking, and in-unit laundry.
Property Size729 SF
Price / SF$567.90
Days on Market136
Property Features for 3800 PORTER STREET NW Unit 302
General Information
Standard status
Active
Size
729 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
McLean Gardens
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,061
Amenities
concierge/front-desk service
swimming pool
fitness center
secure package delivery and lockers
on-site management
landscaped grounds
in-unit washer/dryer
Building Details
Building Size
729 SF
Year Built
1985
Listing Agency:
Investco Real Estate, Inc.
Listed By:
Abla Khoursheed · License #0225026136
(703) 203-8700
Source:
Jackrealtygroup
Added: Jun 17
Changed: Oct 27
Last Checked: Oct 26 at 3:37PM
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 Investco Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 729-square-foot, two-level condominium was built in 1985 and has a living and dining area, kitchen, half bath, and an upstairs primary suite with a full bath and walk-in closet. Interior features include a bay-window bump-out, skylight, and custom kitchen cabinetry with granite counters and stainless-steel appliances. The unit includes parking, a washer and dryer installed in 2022, and HVAC updated in 2023.
Vaughan Place offers concierge and front-desk service, a swimming pool, fitness center, package lockers, on-site management, and landscaped grounds. City Ridge, Wegmans, restaurants, parks, shopping, and major commuter routes are described as nearby.
Vaughan Place offers concierge and front-desk service, a swimming pool, fitness center, package lockers, on-site management, and landscaped grounds. City Ridge, Wegmans, restaurants, parks, shopping, and major commuter routes are described as nearby.
Key Highlights
- Two‑level condominium with 729 square feet
- Parking included with the unit
- Primary suite upstairs with full bath and customized walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,113
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,260
$242.3K
Cap Rate 7%
$173,043
$173.0K
Cap Rate 9%
$134,589
$134.6K
Market Conditions
NOI Build-Up for 729 SF
Gross rent
$23.2K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$22.0K $30.21/SF
− OpEx
−$9.9K −$13.59/SF
NOI
$12.1K $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%
$242,260
Cap Rate 7%
$173,043
Cap Rate 9%
$134,589
Alternative Uses
Best Use
Apartment 5plus
$173.0K
$151.4K – $201.9K
NOI $12,113 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.0K
$328.1K – $437.5K
NOI $26,248 @ 7.0% cap · market cap 6.34%
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
1,577
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 - A private two-level layout pairs a primary suite upstairs with condominium amenities, on-site parking, and in-unit laundry.
Where is this residential income property located?
The property is located at 3800 PORTER STREET NW Unit 302 Washington, DC.
What is the asking price?
The asking price for this property is $414,000.
What are key features of this property?
This property features: Two‑level condominium with 729 square feet; Parking included with the unit; Primary suite upstairs with full bath and customized walk‑in closet
