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1944 3rd St NE, Washington, DC 20002

  • $4,750,000

  • bed

  • bath

  • 3,570

    Sqft ($1,331/Sqft)

Multi-family for sale 20 days
24 homes bought nearby with Movoto recently

About 1944 3rd St NE

Property type Multi-family
Neighborhood
Year built 2023
HOA fee $0/month
Lot size 7,013 Sqft
Movoto estimate
Rental estimate
Property description
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.
Listed by
Listing Agent - Samuel R Davis
Listing Office - Long & Foster Real Estate, Inc.
Source: Bright MLS mls logo
MLS#DCDC2271010 • last updated 2 weeks ago
Movoto checked Bright MLS for data 4 minutes ago
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Overview
Cooling/AC Window Unit(s), Electric
Heating Natural Gas
Levels/Style Other
Type Multi-Family
SubType Other
Status Active
SqFt 4185
Lot Size (SqFt) 7013
Lot Size (Acres) 0.16
County Tax 0, Annually
City/ Town Tax 8121
Tax: Assessed Value 1028490
Annual Property Tax 8121
Year Built 2023
Condition Excellent
New Construction (Y/N) N
Foreclosure (Y/N) N
Interior
Basement Space For Rooms
Flooring Hardwood
Appliances Refrigerator, Stove
Walls/ Ceilings Dry Wall, Plaster Walls
Window Features Double Pane
Interior Features Ceiling Fan(s), Wood Floors
Accessibility Features None
Exterior
Roof Flat
Construction Brick
Foundation Block
Parking Desc On Street
Exterior Features Sidewalks
Existing Structures Above Grade, Below Grade
Amenities / Utilities
Sewer/ Septic Public Sewer
Electricity Circuit Breakers
Pool No Pool
Location
Subdivision ECKINGTON
Water Source Public
School District DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Location Middle Of Block
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
Zoning R4
Multifamily Details
# 3-Bedroom Units 7
Vacancy Allowance Rate 5
# Units Month To Month 3
# Units Vacant 4
Gross Income 506000
Net Operating Income 329000
Operating Expense 177000
Cap Rate 7
Gross Scheduled Income 506000
Income Includes Apartment Rentals
Lot/ Land Details
Soil Types Urban Land-Galestown-Rumford
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Source: GreatSchools.org © 2026. All rights reserved.

Around Eckington

Explore everything this neighborhood has to offer. Learn more about Eckington.
82/100
Walk
60/100
Family
98/100
Dining
100/100
Pet
  • Real Estate
  • DC
  • District Of Columbia County
  • Washington
  • 20002
  • Eckington
  • 1944 3rd St NE

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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Movoto participates, and is provided by BRIGHT through a licensing agreement.The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 7/20/2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closedor are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHTMLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually solddue to reporting errors.
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