Five-Unit Apartment
For Sale
$699,000
4801 3RD STREET NW, Washington, DC 20011
Five-unit apartment building with three 3-bedroom and two 2-bedroom units and current group-rental income.
Property Size4,259 SF
Days on Market116
Property Features for 4801 3RD STREET NW
General Information
Standard status
Active
Size
4,259 SF
Property subtype
Five Or More Units
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$9,266
Building Details
Building Size
4,259 SF
Year Built
1936
Listing Agency:
Keller Williams Capital Properties
(202) 601-0160
Listed By:
Abel M Gebremichael · License #SP98377913
(202) 601-0160
Source:
Barnesrealestatecompany
Added: May 1
Changed: Aug 24
Last Checked: Aug 23 at 7:07AM
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)
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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 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: 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)
