4801 3RD ST NW new to site Save Request In-Person Tour Request Virtual Tour
Washington,DC 20011
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,074 sqft
Price per Sqft $270
MLS Listing ID DCDC2172576
Style Other
Abv Grd Liv Area 2,861
Originating Board BRIGHT
Year Built 1936
Annual Tax Amount $9,266
Tax Year 2024
Lot Size 2,436 Sqft
Acres 0.06
Property Description
**Attention Investors!** This is a fantastic opportunity to acquire a 5-plex in the Petworth community with significant potential for value addition. There is an opportunity to increase rents through the voucher program. Currently, the units are rented through a group rental arrangement, with the exception of one long-term voucher tenant, generating a total monthly gross rental income of $8,084. The rent reasonableness program offers $2,449 for a 2-bedroom unit in the zipcode, which could elevate the building's pro forma rent to $12,245 per month.
Location
State DC
County Washington
Zoning RA-1
Rooms
Basement Improved
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 3323//0021
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,Private,Bank Portfolio,Exchange
Listing Terms Cash,Conventional,Private,Bank Portfolio,Exchange
Financing Cash,Conventional,Private,Bank Portfolio,Exchange
Special Listing Condition Standard