One-Bedroom Residential
For Sale
$375,000
3880 RODMAN STREET NW Unit D214, Washington, DC 20016
Second-floor home with windows on three sides, an in-unit washer and dryer, and a separate storage room.
Property Size682 SF
Price / SF$549.85
Days on Market66
Property Features for 3880 RODMAN STREET NW Unit D214
General Information
Standard status
Active
Size
682 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
McLean Gardens
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,968
Amenities
in-unit washer and dryer
private storage room
barbecue and picnic areas
benches
bicycle racks
community/party room
book exchange
outdoor swimming pool
Building Details
Building Size
682 SF
Year Built
1942
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Therese Fergo · License #SP98378059
(202) 669-9414
Source:
Jackrealtygroup
Added: Aug 26
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 Coldwell Banker Realty - Washington
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Investment Insights
Based on property information with market context.
This second-floor, one-bedroom, one-bathroom condo measures 682 square feet and was built in 1942. Windows on three sides bring daylight into the home, which has fresh paint and new flooring in the living and dining areas, kitchen, closets, and bedroom. A washer and dryer are located in a dedicated closet room, and a separate private storage room provides additional space. Association rules allow one dog and one cat, or two cats. A reserved off-street parking space may be available for separate purchase.
The home is in McLean Gardens, a 23-acre community with landscaped grounds, barbecue and picnic areas, bicycle racks, a community room, and an outdoor pool with lap lanes during summer. Nearby amenities include a community garden, playgrounds, a dog park, pickleball and tennis courts, grocery stores, restaurants, cafes, and shops. The community is just off Wisconsin Avenue, west of Cleveland Park, with access to Metrobus routes and the Tenleytown-AU and Cleveland Park Red Line Metro stations.
The home is in McLean Gardens, a 23-acre community with landscaped grounds, barbecue and picnic areas, bicycle racks, a community room, and an outdoor pool with lap lanes during summer. Nearby amenities include a community garden, playgrounds, a dog park, pickleball and tennis courts, grocery stores, restaurants, cafes, and shops. The community is just off Wisconsin Avenue, west of Cleveland Park, with access to Metrobus routes and the Tenleytown-AU and Cleveland Park Red Line Metro stations.
Key Highlights
- 682‑square‑foot, one‑bedroom, one‑bathroom condo
- Second‑floor residence with windows on three sides
- In‑unit washer and dryer; separate private storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,332
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,640
$226.6K
Cap Rate 7%
$161,886
$161.9K
Cap Rate 9%
$125,911
$125.9K
Market Conditions
NOI Build-Up for 682 SF
Gross rent
$21.7K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$20.6K $30.21/SF
− OpEx
−$9.3K −$13.59/SF
NOI
$11.3K $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%
$226,640
Cap Rate 7%
$161,886
Cap Rate 9%
$125,911
Alternative Uses
Best Use
Apartment 5plus
$161.9K
$141.7K – $188.9K
NOI $11,332 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.8K
$307.0K – $409.3K
NOI $24,556 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,554
Businesses Nearby
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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 - Second-floor home with windows on three sides, an in-unit washer and dryer, and a separate storage room.
Where is this residential income property located?
The property is located at 3880 RODMAN STREET NW Unit D214 Washington, DC.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 682‑square‑foot, one‑bedroom, one‑bathroom condo; Second‑floor residence with windows on three sides; In‑unit washer and dryer; separate private storage room
