1944 3RD STREET NE
Washington, DC 20002
Price Upon Request
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 1–4-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.
Listing Courtesy of: Long & Foster Real Estate, Inc.
202-256-7039
| Listing Id: | DCDC2271010 |
|---|---|
| Property Type: | Multi-Family |
| Property Sub Type: | Other |
| Status: | Active |
| Living Area: | 3,570 |
| Tax Annual Amount: | $8,121 |
| Lot Size Square Feet: | 7,013.0 |
| Lot Size Acres: | 0.16 |
| Architectural Style: | Other |
| Waterfront?: | No |
| City: | Washington |
| Counties Or Regions: | Washington |
| Subdivision Name: | Eckington |
| Postal Code: | 20002 |
| Year Built: | 2023 |
| Number Of Units Total: | 4 |
| Listing Agreement: | Exclusive Right |
| Frequency: | Annually |
| Three Bedroom Units: | 7 |
| Financing Types: | Cash, Conventional |
| Client Application Edited Yn: | Yes |
| Mls List Date: | 2026-06-30 |
| State Or Province: | DC |
| Postal Code Plus4: | 1458 |
| Legal Subdivision: | Eckington |
| Possession: | 61-90 Days CD, 90-120 Days CD, Subject to Existing Lease |
| 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 |
| School District Sources: | Listing Agent |
| School District Key: | 121140357950 |
| Above Grade Finished Area: | 3,570 |
| Above Grade Finished Area Units: | Square Feet |
| Below Grade Finished Area Source: | Estimated |
| Basement: | Space For Rooms |
| Below Grade Finished Area Units: | Square Feet |
| Cooling: | Window Unit(s) |
| Construction Materials: | Brick |
| Exterior Features: | Sidewalks |
| Flooring: | Hardwood |
| Foundation Details: | Block |
| Accessibility Features: | None |
| Heating: | Hot Water |
| Heating?: | Yes |
| Above Grade Finished Area Source: | Estimated |
| Interior Features: | Ceiling Fan(s), Wood Floors |
| Living Area Source: | Estimated |
| Common Walls: | Dry Wall, Plaster Walls |
| Roof: | Flat |
| Stories Total: | 3 |
| Other Structures: | Above Grade, Below Grade |
| Window Features: | DoublePaneWindows |
| Year Built Effective: | 2023 |
| Year Built Source: | Estimated |
| Property Condition: | Excellent |
| Basement Yn: | Yes |
| Below Grade Unfinished Area: | 615 |
| Below Grade Unfinished Area Source: | Estimated |
| Below Grade Unfinished Area Units: | Square Feet |
| Cooling Fuel: | Electric |
| Heating Fuel: | Natural Gas |
| Hot Water: | Natural Gas |
| Other Units: | Unit 1, Unit 2, Unit 4, Unit 5, Unit 3, Unit 6, Unit 7 |
| Type: | Twin/Semi-Detached |
| Type Of Parking: | On Street |
| Below Grade Area Total: | 615 |
| Source Of Measure Bg: | Estimated |
| Area Total: | 4,185 |
| Source Of Measure: | Estimated |
| Assessment Year: | 2021 |
| In City Limits Yn: | Yes |
| City Town Tax: | $8,121.00 |
| City Tax Frequency: | Annually |
| County Tax Frequency: | Annually |
| Land Use Code: | 0 |
| Tax Assessment Amount: | $1,028,490.00 |
| Tax Year: | 2021 |
| Zoning: | R4 |
| Listing Tax: | 3565//0078 |
| Ownership: | Fee Simple |
| Special Listing Conditions: | Standard |
| Gross Scheduled Income: | $506,000 |
| Lot Size Source: | Estimated |
| Lot Size Units: | Square Feet |
| Net Operating Income: | $329,000 |
| Number Of Units Leased: | 3 |
| Operating Expense: | $177,000 |
| Pool Types: | No Pool |
| Soil Types: | Urban Land-Galestown-Rumford |
| Total Actual Rent: | $506,000 |
| Vacancy Allowance Rate: | 5.0 |
| Appliances: | Refrigerator, Stove |
| Location Type: | Middle Of Block |
| Security Features: | CarbonMonoxideDetectors, Exterior Cameras, Smoke Detector |
| Owner Pays: | Accounting/Legal, Advertising/Licenses and Permits, CommonAreaMaintenance, Insurance, Management, PestControl, Payroll, Repairs, Sewer, SnowRemoval, Taxes - Real Estate, TrashCollection, Water |
| Electric: | Circuit Breakers |
| Sewer: | Public Sewer |
| Utilities: | Cable TV, Electric Available, Multiple Phone Lines, Natural Gas Available, Phone Available, Sewer Available, Water Available |
| Water Source: | Public |
| Number Of Units Month to Month: | 3 |
| Number Of Units Vacant: | 4 |
| Operating Expense Includes: | SnowRemoval, Insurance, Trash, Parking |
| Gross Income: | $506,000 |
| Income Includes: | Apartment Rentals |
| School District NameSchool District: | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
| Short Sales: | No |
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Property Last Updated: October 26, 2026 10:08 PM - ET
