Three-Bedroom Residential Income
For Sale
$550,000
3900 WATSON PLACE NW Unit B - G3G, Washington, DC 20016
A screened balcony opens directly onto landscaped grounds, with the kitchen connected to separate dining and living areas.
Property Size1,778 SF
Price / SF$309.34
Days on Market15
Property Features for 3900 WATSON PLACE NW Unit B - G3G
General Information
Standard status
Active
Size
1,778 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Cathedral Heights
Units
Unit Mix
3BR/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$9,192
Amenities
staffed lobby desk
guest parking
fitness room
laundry room
Building Details
Building Size
1,778 SF
Year Built
1960
Listing Agency:
Coldwell Banker Realty
Listed By:
Hope A Cullen · License #AB98371594
(301) 728-7234
Source:
Canopy-re
Added: Oct 14
Changed: Oct 26
Last Checked: Oct 26 at 1:25PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 1,778-square-foot residence has three bedrooms and three full bathrooms, with engineered wood flooring and large windows. The kitchen features granite countertops and stainless steel appliances, and connects to a separate dining room and spacious living area. A screened balcony provides direct access to the landscaped grounds. The unit is on the same floor as the garage, private storage, and laundry room.
Building amenities include a staffed lobby desk, guest parking, and a fitness room. The property is at 3900 Watson Place NW in Washington, DC, near the shops, restaurants, and neighborhood services of Cathedral Commons. Built in 1960.
Building amenities include a staffed lobby desk, guest parking, and a fitness room. The property is at 3900 Watson Place NW in Washington, DC, near the shops, restaurants, and neighborhood services of Cathedral Commons. Built in 1960.
Key Highlights
- 1,778 square feet with 3 bedrooms and 3 full bathrooms
- Screened balcony with direct access to landscaped grounds
- Granite kitchen countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,542
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,840
$590.8K
Cap Rate 7%
$422,029
$422.0K
Cap Rate 9%
$328,244
$328.2K
Market Conditions
NOI Build-Up for 1,778 SF
Gross rent
$56.5K $31.80/SF
− Vacancy
−$2.8K −$1.59/SF
EGI
$53.7K $30.21/SF
− OpEx
−$24.2K −$13.59/SF
NOI
$29.5K $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%
$590,840
Cap Rate 7%
$422,029
Cap Rate 9%
$328,244
Alternative Uses
Best Use
Apartment 5plus
$422.0K
$369.3K – $492.4K
NOI $29,542 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$914.5K
$800.2K – $1.07M
NOI $64,018 @ 7.0% cap · market cap 11.64%
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
1,604
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 - A screened balcony opens directly onto landscaped grounds, with the kitchen connected to separate dining and living areas.
Where is this residential income property located?
The property is located at 3900 WATSON PLACE NW Unit B - G3G Washington, DC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,778 square feet with 3 bedrooms and 3 full bathrooms; Screened balcony with direct access to landscaped grounds; Granite kitchen countertops and stainless steel appliances
