12-Unit Apartment
New
For Sale
$2,300,000
5208 3RD STREET NW, Washington, DC 20011
A separately metered multifamily asset requiring renovation, with potential for on-site parking.
Property Size9,268 SF
Price / SF$248.17
Days on Market3
Property Features for 5208 3RD STREET NW
General Information
Standard status
Active
Size
9,268 SF
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
for rehab
Units
Unit Mix
12 x 1BR
Multifamily Units
12
Building Details
Year Built
1936
Buildings
1
Listing Agency:
NetRealtyNow.com, LLC
Listed By:
Thomas S Hennerty · License #5092
(703) 581-8605
Source:
Cummingsrealtors
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 2:37PM
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 NetRealtyNow.com, LLC
Investment Insights
Based on property information with market context.
This 12-unit apartment building contains one-bedroom residences and is positioned for rehabilitation. Separate metering serves the units. The property totals 9,268 square feet and was built in 1936.
The site may accommodate on-site parking. The building is located at 5208 3rd Street NW in Washington, DC.
The site may accommodate on-site parking. The building is located at 5208 3rd Street NW in Washington, DC.
Key Highlights
- 12 one‑bedroom units
- 9,268 square feet
- Separate metering
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,510
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,950,200
$3.0M
Cap Rate 7%
$2,107,286
$2.1M
Cap Rate 9%
$1,639,000
$1.6M
Market Conditions
NOI Build-Up for 9,268 SF
Gross rent
$284.7K $30.72/SF
− Vacancy
−$16.5K −$1.78/SF
EGI
$268.2K $28.94/SF
− OpEx
−$120.7K −$13.02/SF
NOI
$147.5K $15.92/SF
Area
ZIP 20011
Vacancy
5.80%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,950,200
Cap Rate 7%
$2,107,286
Cap Rate 9%
$1,639,000
Alternative Uses
Best Use
Apartment 5plus
$2.11M
$1.84M – $2.46M
NOI $147,510 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.79M
$4.19M – $5.58M
NOI $334,956 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,040
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - A separately metered multifamily asset requiring renovation, with potential for on-site parking.
Where is this apartment building located?
The property is located at 5208 3RD STREET NW Washington, DC.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 12 one‑bedroom units; 9,268 square feet; Separate metering
