Two-Level Residential Income
For Sale
$639,000
3901 LANGLEY COURT NW Unit A553, Washington, DC 20016
Corner condominium with renovated interiors, private lower-level access, and abundant natural light across four exposures.
Property Size1,550 SF
Price / SF$412.26
Days on Market67
Property Features for 3901 LANGLEY COURT NW Unit A553
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,617
Amenities
McLean Ballroom
outdoor swimming pool
barbeque areas
park-like grounds
tennis courts
playgrounds
community garden
dog park
trails of Glover Park
Building Details
Building Size
1,550 SF
Year Built
1942
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Ben Dursch · License #SP98367540
(202) 288-4334
Source:
Kerishull
Added: Aug 13
Changed: Oct 17
Last Checked: Oct 16 at 5:07PM
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 approximately 1,550-square-foot, two-bedroom, two-and-a-half-bath condominium occupies two levels within McLean Gardens. The corner layout provides four exposures and strong natural light, with an open main level connecting the living and dining areas. Recent improvements include a renovated kitchen with new cabinetry, quartzite countertops, full-height backsplash, lighting, hardware, and stainless-steel appliances. Both full bathrooms have been updated, while engineered hardwood and luxury vinyl flooring, custom wood blinds, recessed LED lighting, and refreshed fixtures add further interior upgrades.
The lower level includes the primary suite, a second bedroom, a second full bath, a private foyer, and access through both the interior stairway and a separate entrance. Storage includes multiple reach-in closets and custom Elfa systems. A washer and dryer were added in 2023, and luxury vinyl flooring was installed in 2020.
McLean Gardens is a professionally managed 23-acre condominium community with an outdoor pool, barbecue areas, tennis courts, playgrounds, a community garden, dog park, special events facility, and access to Glover Park trails. The property is near City Ridge, Cathedral Commons, grocery stores, dining, fitness facilities, Capital Bikeshare, Metrobus, and Metrorail.
The lower level includes the primary suite, a second bedroom, a second full bath, a private foyer, and access through both the interior stairway and a separate entrance. Storage includes multiple reach-in closets and custom Elfa systems. A washer and dryer were added in 2023, and luxury vinyl flooring was installed in 2020.
McLean Gardens is a professionally managed 23-acre condominium community with an outdoor pool, barbecue areas, tennis courts, playgrounds, a community garden, dog park, special events facility, and access to Glover Park trails. The property is near City Ridge, Cathedral Commons, grocery stores, dining, fitness facilities, Capital Bikeshare, Metrobus, and Metrorail.
Key Highlights
- Approximately 1,550 SF two‑level corner condominium with 2 bedrooms and 2.5 baths
- Four exposures provide natural light throughout the main living level
- Renovated kitchen with new cabinetry, quartzite countertops, full‑height backsplash, and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,754
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,080
$515.1K
Cap Rate 7%
$367,914
$367.9K
Cap Rate 9%
$286,156
$286.2K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$49.3K $31.80/SF
− Vacancy
−$2.5K −$1.59/SF
EGI
$46.8K $30.21/SF
− OpEx
−$21.1K −$13.59/SF
NOI
$25.8K $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%
$515,080
Cap Rate 7%
$367,914
Cap Rate 9%
$286,156
Alternative Uses
Best Use
Apartment 5plus
$367.9K
$321.9K – $429.2K
NOI $25,754 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$797.3K
$697.6K – $930.2K
NOI $55,809 @ 7.0% cap · market cap 8.73%
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
1,540
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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Frequently Asked Questions
What type of property is this?
Residential income property - Corner condominium with renovated interiors, private lower-level access, and abundant natural light across four exposures.
Where is this residential income property located?
The property is located at 3901 LANGLEY COURT NW Unit A553 Washington, DC.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Approximately 1,550 SF two‑level corner condominium with 2 bedrooms and 2.5 baths; Four exposures provide natural light throughout the main living level; Renovated kitchen with new cabinetry, quartzite countertops, full‑height backsplash, and stainless‑steel appliances
