Five-Unit Apartment
4801 3rd St Nw Washington, DC 20011
4801 3rd St Nw, Washington, DC, 20011
$699,000
For Sale
$699,000
Five-unit apartment building with three 3-bedroom and two 2-bedroom units and current group-rental income.
Days on Market83
Property Features for 4801 3rd St Nw
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1936
Listing agency
KELLER WILLIAMS CAPITAL PROPERTIES
(202) 243-7700
Listed by
ABEL M GEBREMICHAEL · License #SP98377913
Source
Corcoran
Added: Apr 30 Updated: Jul 20 at 6:13PM Checked: Jul 21 at 5:06AM
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 CAPITAL PROPERTIES
Investment Insights
Based on property information with market context.
4801 3rd St NW is a five-unit apartment building currently operated under a group-rental structure with one long-term tenant. The unit mix consists of three 3-bedroom units and two 2-bedroom units, producing combined monthly income of $8,084.
The property is offered for sale at $699,000. Disclosure notes the property is being delivered without a current Basic Business License (BBL), and buyers should plan for the required licensing steps to ensure compliance with DC rental regulations.
Investors should also note that the current income and unit configuration provide a straightforward basis for underwriting the building’s rent capacity by bedroom count, and any repositioning would need to align with applicable program approvals and legal requirements. Illustrative underwriting figures referenced in the remarks are not guarantees of future performance.
The property is offered for sale at $699,000. Disclosure notes the property is being delivered without a current Basic Business License (BBL), and buyers should plan for the required licensing steps to ensure compliance with DC rental regulations.
Investors should also note that the current income and unit configuration provide a straightforward basis for underwriting the building’s rent capacity by bedroom count, and any repositioning would need to align with applicable program approvals and legal requirements. Illustrative underwriting figures referenced in the remarks are not guarantees of future performance.
Key Highlights
- Five‑unit apartment building built in 1936 with 3 three‑bedroom units and 2 two‑bedroom units
- Currently operated under a group‑rental structure with one long‑term tenant generating $8,084 in combined monthly income
- Rent estimator guidance by ZIP code: $4,113 for 3BR units and $2,805 for 2BR units (framework for income growth)
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FAQs
What type of property is this?
Apartment building - Five-unit apartment building with three 3-bedroom and two 2-bedroom units and current group-rental income.
Where is this apartment building located?
The property is located at 4801 3rd St Nw Washington, DC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Five‑unit apartment building built in 1936 with 3 three‑bedroom units and 2 two‑bedroom units; Currently operated under a group‑rental structure with one long‑term tenant generating $8,084 in combined monthly income; Rent estimator guidance by ZIP code: $4,113 for 3BR units and $2,805 for 2BR units (framework for income growth)
