Residential Income Property with Roof
For Sale
$150,000
3901 CATHEDRAL AVENUE NW Unit 111, Washington, DC 20016
A dog-friendly building near shops, parks, and Metrobus service offers a roof deck and a kitchen with ample cabinetry.
Property Size531 SF
Price / SF$282.49
Days on Market44
Property Features for 3901 CATHEDRAL AVENUE NW Unit 111
General Information
Standard status
Active
Size
531 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
The Westchester
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$294
Amenities
roof deck
dogs allowed
Building Details
Building Size
531 SF
Year Built
1938
Listing Agency:
Keller Williams Realty
Listed By:
Jordan Alexander Pelton · License #SP40004649
(301) 485-5985
Source:
Jackrealtygroup
Added: Sep 16
Changed: Oct 27
Last Checked: Oct 26 at 2:42PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 531-square-foot residence is in a building constructed in 1938. The kitchen has generous counter space and cabinetry, and the bathroom includes a tub and shower. Residents can use the roof deck, and dogs are permitted without breed, size, or weight restrictions.
The property is near the Washington National Cathedral grounds, Bishop’s Garden, Olmsted Woods, and Rock Creek Park. Wisconsin Avenue offers nearby dining, shopping, and daily conveniences, including Wegmans, Target, and CVS. Metrobus service and the Tenleytown-AU and Woodley Park Metro stations provide public transit options. Wisconsin Avenue and Massachusetts Avenue connect the area with downtown Washington and Bethesda.
The property is near the Washington National Cathedral grounds, Bishop’s Garden, Olmsted Woods, and Rock Creek Park. Wisconsin Avenue offers nearby dining, shopping, and daily conveniences, including Wegmans, Target, and CVS. Metrobus service and the Tenleytown-AU and Woodley Park Metro stations provide public transit options. Wisconsin Avenue and Massachusetts Avenue connect the area with downtown Washington and Bethesda.
Key Highlights
- 531‑square‑foot residence in a building constructed in 1938
- Roof deck available to residents
- Dogs of all breeds permitted, with no size or weight restrictions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,823
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,460
$176.5K
Cap Rate 7%
$126,043
$126.0K
Cap Rate 9%
$98,033
$98.0K
Market Conditions
NOI Build-Up for 531 SF
Gross rent
$16.9K $31.80/SF
− Vacancy
−$844 −$1.59/SF
EGI
$16.0K $30.21/SF
− OpEx
−$7.2K −$13.59/SF
NOI
$8.8K $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%
$176,460
Cap Rate 7%
$126,043
Cap Rate 9%
$98,033
Alternative Uses
Best Use
Apartment 5plus
$126.0K
$110.3K – $147.1K
NOI $8,823 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$273.1K
$239.0K – $318.7K
NOI $19,119 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,349
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 dog-friendly building near shops, parks, and Metrobus service offers a roof deck and a kitchen with ample cabinetry.
Where is this residential income property located?
The property is located at 3901 CATHEDRAL AVENUE NW Unit 111 Washington, DC.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 531‑square‑foot residence in a building constructed in 1938; Roof deck available to residents; Dogs of all breeds permitted, with no size or weight restrictions
