1944 3Rd Street NE Washington, DC $ 4,750,000
1944 3Rd Street NE
$ 4,750,000
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1944 3Rd Street NE

Washington, DC, 20002
$ 4,750,000
Bedrooms21 Baths0.0

Monthly Estimate*

$ 29,992

1944 3Rd Street NE, Washington, DC 20002 - Image 1
1944 3Rd Street NE, Washington, DC 20002 - Image 2

Multi-Family Home for sale in Washington, DC

for $4,750,000 with 21 bedrooms. This home was built in 2023 on a lot size of 0.16.

This fully renovated 7-unit building, partially leased multifamily asset presents a compelling opportunity to acquire a stabilized income-producing property with subsidized, guaranteed rental income already in place. The property offers a flexible mix of self-contained apartment units ranging from four bedrooms to six bedrooms, each updated to meet modern residential standards and fully self-contained. It has 2-6bedroom 4-5 bedroom and 14-bedroom units. With occupancy secured from day one, the asset is positioned to deliver immediate cash flow, durable income stability, and long-term investment upside. Situated on a large lot with rear parking, the property enjoys convenient access to the Rhode Island Avenue Metro station, Union Market, nearby retail, restaurants, and neighborhood amenities along 12th Street. This offering is well suited for investors seeking a renovated, cash-flowing multifamily asset in a well-connected and desirable neighborhood.

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Multi-Family Active

Price

$ 4,750,000

Bedrooms

21

Property Type

Multi-Family

Taxes

$ 8,121

Style

Lot Size

0.16

Year Built

2023

Town/City

Washington

County/Region

District of Columbia

MLS | Web ID

DCDC2271010

Features
General
Living Area 3570
Sewer Public Sewer
Heating Hot Water
Cooling Window Unit(s)
Utilities Cable TV Electric Available Multiple Phone Lines Natural Gas Available Phone Available Sewer Available Water Available
Possession 61-90 Days CD 90-120 Days CD Subject to Existing Lease
Roof Flat
Appliances Refrigerator Stove
Zoning R4
Architectural Style Other
Security Features Carbon Monoxide Detector(s) Exterior Cameras Smoke Detector
Construction Materials Brick
School District DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Year Built 2023
Electric Circuit Breakers
Property Subtype Other
Tax Year 2021
Ownership Fee Simple
Cool Fuel Electric
Gross Income 506000.00
Accessibility None
County WASHINGTON
Net Operating Income 329000.00
Operating Expense 177000.00
Insurance Expense 0.00
New Construction N
Property Type Multi-Family
MaintenanceExpense 0.00
Subdivision Name ECKINGTON
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions Rhode Island Ave. take 2nd St. NE South Left on T St. Left on 3rd St.. Property on left at 3rd and U Street NE
City WASHINGTON
Number Of Units Total 4
Lot Size Units Square Feet
Lot Size Square Feet 7013.00
Number of Units Leased 3
Tax Annual Amount 8121.0
Home Warranty Y/N N
Property Condition Excellent
Trash Expense 0.00
Two Bedroom 0
Structure Type Twin/Semi-Detached
Price Per Sq Ft Total AG 1330.53
Acceptable Financing Cash Conventional
Historic Y/N N
Rent Control Y/N N
Vacation Rental Y/N N
Location Type Middle Of Block
Standard Status Active
Year Built Source Estimated
Legal Subdivision Eckington
Tax Lot 78
Total Actual Rent 506000.00
Cap Rate 7.00
Association Recreation Fee N
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Interior
Interior Amenities Ceiling Fan(s) Wood Floors
Heating Fuel Natural Gas
Basement Space For Rooms
Flooring Hardwood
Hot Water Natural Gas
Total Stories 3
Basement (Y/N) Y
Heating Y/N Y
Window Features Double Pane
Fireplace Y/N N
Central Air Y/N N
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Exterior
Exterior Amenities Sidewalks
Pool No Pool
Water Source Public
Type of Parking On Street
Foundation Details Block
Spa N
Water View Y/N N
Lot Size Acres 0.16
Lot Size Source Estimated
Waterfront Y/N N
Pool Charge 0.00
Soil Types Urban Land-Galestown-Rumford
Land Assessed Value 518680.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1944
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* Excluded Features
List By
Long & Foster Real Estate, Inc.

Broker

samuel@lnf.com

Email

Affordability Calculator

$30,669
Per Month
98%
2%
0%
Monthly Principal & Interest
$29,992
Monthly Property Taxes
$677
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3533234 Elementary School
3533273 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/30/2026$4,750,000 Listed Price

Map


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1944 3Rd Street NE, Washington, DC, 20002 is a Multi-Family Home for sale at $4,750,000 with a lot size of 0.16. 1944 3Rd Street NE has 21 bedrooms, 0.0 baths, and was built in 2023. The property's zip code is 20002 which is in Washington, DC