4801 3RD Street NW, Washington, DC 20011

Building Details

Year built

1936

Number of units

4

Building materials

Brick

Listing agent Abel M Gebremichael License #SP98377913 Show Phone

Listing office Keller Williams Capital Properties i***@kwcapitalproperties.com 519 C Street, WASHINGTON, DC Show Phone

Listing date May 1, 2026

Report an issue

MLS# DCDC2259262 Listing URL

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Overview

This five-unit property, located in Washington, DC, presents an opportunity for investors. The building features three 3-bedroom units and two 2-bedroom units. Currently, the property operates under a group-rental structure with one long-term tenant, generating a combined monthly income of $8,084. The property is positioned for a transition to the voucher program. Rent estimator guidance reflects $4,113 for 3BR units and $2,805 for 2BR units. A stabilized rent roll at these levels would reflect an illustrative pro forma gross annual rent of approximately $185,712. Investors often model an estimated stabilized NOI in the $115,000-$125,000 range, depending on final operating strategy, compliance execution, and program approvals. The property is located in one of DC's rental corridors. The property size is 4,074 square feet, situated on a 0.0559-acre lot. The property is being delivered without a current Basic Business License (BBL). Investors should plan to complete the required licensing steps and ensure full compliance with DC rental regulations as part of their repositioning strategy.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

Location Insight

• Map
• Local Demand

City

Washington

County

District of Columbia

State

District of Columbia

Longitude

-77.01549

Latitude

38.94877

Nearby Similar for Sale

• 

  $1,950,000

  3,000 SF

  Turnkey Mixed-Use Redevelopment Opportunity

  Freestanding commercial building with thriving business in growing DC corridor.

  1201 MOUNT OLIVET Road NE, WASHINGTON, DC 20002

  View Details
• 

  $1,475,000

  3,750 SF

  Mixed-Use Building with Retail

  Two-story mixed-use building with prime corridor frontage and ground-floor retail plus a vacant, built-out dental office upstairs.

  4839 Wisconsin NW Ave, Washington, DC 20016

  View Details
• 

  $1,100,000

  2,696 SF

  Turnkey Restaurant/Bar Opportunity on Georgia Avenue

  Fully built-out restaurant/bar on Georgia Avenue in Northwest DC.

  5217 GEORGIA Avenue NW, WASHINGTON, DC 20011

  View Details
• 

  $2,300,000

  1,761 SF

  Prime Retail Opportunity in Washington

  Commercial property in active retail corridor, ideal for owner-user.

  1434 WISCONSIN Avenue NW, WASHINGTON, DC 20007

  View Details
• 

  $3,200,000

  6,000 SF

  Four-Story Retail Building with Rooftop

  Four-story retail building with a rooftop bar in Washington, DC.

  1336 U Street NW, WASHINGTON, DC 20009

  View Details
• 

  $847,900

  5,854 SF

  Value-Add Multifamily Building Opportunity

  Nearly vacant 6-unit property with a flexible unit mix and RA-1 zoning for potential repositioning in Southeast Washington, DC.

  356 RALEIGH Street SE, WASHINGTON, DC 20032

  View Details
• 

  $1,200,000

  Office Condominium with Parking

  Professional office unit with private parking, multiple offices and conference rooms, and immediate occupancy in DC.

  3232 GEORGIA Avenue NW, WASHINGTON, DC 20010

  View Details
• 

  $1,175,000

  3,376 SF

  Renovated Multifamily Building in Washington, DC

  Fully renovated four-unit building with immediate income potential.

  1250 QUEEN Street NE, WASHINGTON, DC 20002

  View Details
• 

  $1,199,000

  3,497 SF

  Multifamily Property with Independent Entrances

  Legally configured two-unit building offering three distinct living spaces with independent entrances and rooftop solar included.

  760 LAMONT Street NW, WASHINGTON, DC 20010

  View Details
• 

  $1,580,000

  3,500 SF

  Columbia Heights Mixed-Use Investment

  Mixed-use property with retail and residential units in DC.

  1500 OGDEN Street NW, WASHINGTON, DC 20010

  View Details
• 

  $1,797,000

  3,648 SF

  Turnkey Updated Fourplex with 1-Bed Units

  Fully updated 4-unit building with renovated interiors on a corner lot, suited for long-term residential income or owner-occupancy.

  2241 40TH Place NW, WASHINGTON, DC 20007

  View Details
• 

  $1,150,000

  3,602 SF

  Fully Renovated Quadplex

  Four-unit quadplex renovated down to the studs with separately metered electric and occupied units ready to lease.

  2916 2ND Street SE, WASHINGTON, DC 20032

  View Details

FAQs

What type of property is this?

Apartment building - Five-unit building in Petworth with significant income growth potential.

Where is this apartment building located?

The property is located at 4801 3RD Street 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: Exceptional value‑add opportunity for a 5‑unit building in Petworth.; Potential for significant income growth by transitioning to the voucher program.; Illustrative pro forma gross annual rent of approximately $185,712 after stabilization.