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
Bedrooms-- Baths-- Sq 8,636

Monthly Estimate*

$ 29,992

1944 3Rd Street NE, Washington, DC 20002 - Image 1
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1944 3Rd Street NE, Washington, DC 20002 - Image 5
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1944 3Rd Street NE, Washington, DC 20002 - Image 8
1944 3Rd Street NE, Washington, DC 20002 - Image 9
1944 3Rd Street NE, Washington, DC 20002 - Image 10
1944 3Rd Street NE, Washington, DC 20002 - Image 11
1944 3Rd Street NE, Washington, DC 20002 - Image 12
1944 3Rd Street NE, Washington, DC 20002 - Image 13
1944 3Rd Street NE, Washington, DC 20002 - Image 14
1944 3Rd Street NE, Washington, DC 20002 - Image 15
1944 3Rd Street NE, Washington, DC 20002 - Image 16

Commercial Property for sale in Washington, DC

for $4,750,000. This 8,636 square foot building 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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Commercial Active

Price

$ 4,750,000

Property Type

Commercial

Taxes

$ 8,121

Style

Apartment Building

Lot Size

0.16

Year Built

2023

Town/City

Washington

County/Region

District of Columbia

MLS | Web ID

DCDC2278384

Features
Interior
Heating Fuel Natural Gas
Flooring Hardwood
Hot Water Natural Gas
Total Stories 3
Heating Y/N Y
Central Air Y/N N
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General
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
Zoning R4
Security Features Carbon Monoxide Detector(s) Exterior Cameras Smoke Detector
Construction Materials Brick
Year Built 2023
Electric Circuit Breakers
Property Subtype Five Or More Units
Tax Year 2021
Ownership Fee Simple
Cool Fuel Electric
Gross Income 506000.00
Business Type Apartment Building
Accessibility None
County WASHINGTON
Net Operating Income 329000.00
New Construction N
Property Type Commercial Sale
Subdivision Name ECKINGTON
Water Access Y/N N
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
Tax Annual Amount 8121.0
Property Condition Excellent
Trash Expense 0.00
Price Per Sq Ft Total AG 549.9
Acceptable Financing Cash Conventional
Historic Y/N N
Vacation Rental Y/N N
Location Type Urban
Standard Status Active
Year Built Source Estimated
Legal Subdivision Eckington
Tax Lot 78
Total Actual Rent 506000.00
Cap Rate 6.90
Association Recreation Fee N
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Exterior
Water Source Public
Type of Parking On Street
Foundation Details Block
Water View Y/N N
Building Area Total 8638.00
Lot Size Acres 0.16
Lot Size Source Estimated
Waterfront Y/N N
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
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/13/2026$4,750,000 Listed Price

Map


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1944 3Rd Street NE, Washington, DC, 20002 is a Commercial Property for sale at $4,750,000 with 8,636 sqft and a lot size of 0.16. 1944 3Rd Street NE was built in 2023. The property's zip code is 20002 which is in Washington, DC