444 K StWashington, DC 20001

Property Details for 444 K St

Year built

1900

Construction

BRICK

Lot size

0.09 AC

Property size (Sq ft)

2,730 SF

Zone code

D-4-R

Property type

Retail properties

Property subtype

Retail space

APN

0516 0066

APU

5160066

Description

This stunning, newly constructed (2021) six-story mixed-use building in Washington, DC's Mount Vernon Triangle neighborhood presents a unique investment opportunity. Located at 444 K St NW, 20001, this fee-simple property boasts 13,552 square feet, with 10,535 square feet of net rentable space. The building features seven units, each meticulously designed for co-living, with five bedrooms, two baths, and a kitchen. Individual units are climate-controlled and have separate gas and electric meters. A shared laundry area with four washer/dryer sets adds convenience. The commercial space is currently leased under a five-year NNN lease with a credit-rated tenant. The property sits on a 1,742 square foot lot and is zoned for commercial use. With an asking price of $10,000,000 ($737.90/sq ft and $1,428,571.43 per unit), this property offers exceptional value in a prime location. The building's modern design and desirable location make it an ideal investment for discerning buyers seeking strong rental income and long-term appreciation. This is a multi-tenant property with a strong tenant profile.

• CAP approach

  CAP return

  Valuation

  6%

  $1,037,106

  6.5%

  $957,329

  7%

  $888,948

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,148,962

  Geo Method

  $1,148,962

• Alternative Use

  Use

  Valuation

  Residential

  $807,543

  Hospitality

  $739,705

  Educational

  $615,426

  Medical

  $636,591

  Retail

  $957,329

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9022

Longitude

-77.0178

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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