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Corner Mixed-Use Building with Medical Office

4123 CONNECTICUT Avenue NW Washington, DC 20008

New

4123 CONNECTICUT Avenue NW, Washington, DC, 20008

$2,495,000

For Sale

$2,495,000

MULTI_FAMILY - Federal - WASHINGTON, DC

Property Size3,504 SF

Lot Size0.05 Acres

Price / SF$712.04

AddedJul 13

Days on Market2

Last RefreshJul 14 at 5:06 pm

Property Features for 4123 CONNECTICUT Avenue NW

General Information

Property type: Residential Multi Family
Property subtype: Other
Rooms: Basement
Parking features: Driveway, Parking Lot
Fireplace: 1
Standard status: Active
Size: 3,504 SF
Lot size: 0.05 Acres

Taxes and HOA fees

Tax Annual Amount: 8886

Utilities

Heating system: Central
Cooling system: Central Air

Building Details

Year built: 1923
Number of units: 4
Building materials: Brick
Architectural style: Federal

Listing agent Stacie Hatziyannis License #SP101472

Listing office Berkshire Hathaway HomeServices PenFed Realty 8075 Leesburg Pike unit: T2-720, Alexandria, DC

Listing date Jul 13, 2026

MLS# DCDC2273216 Listing URL

Investment Insights

Based on property information with market context.

This mixed-use property features three residential apartments and an established medical office. The residential units include original woodwork and transom windows, with hardwood floors and updated kitchens and bathrooms. The building also has newer windows and separately controlled HVAC systems supporting individual comfort by space.

The medical office is configured with five exam rooms, a reception area, and a private office. The property is positioned on a prominent corner along Connecticut Avenue NW with a rear parking area that accommodates approximately five tandem parking spaces.

The offering includes the residential apartment currently left vacant to provide flexibility for the next owner while the remaining apartments and the medical office provide income-producing space.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$176.6k	$50.40
− Vacancy	−$28.3k	−$8.06
EGI	$148.3k	$42.34
− OpEx	−$37.1k	−$10.58
NOI	$111.3k	$31.75

3,504 SF · lease $50.40/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.59M

$1.39M – $1.85M (±1% cap)

NOI $111,259 @ 7.0% cap · market cap 4.46%

Second Best

Healthcare Medical

$928.4K

$812.4K – $1.08M (±1% cap)

NOI $64,989 @ 7.0% cap · market cap 2.60%

Theoretical Best

Office A

$1.80M

$1.58M – $2.10M (±1% cap)

NOI $126,164 @ 7.0% cap · market cap 5.06%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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