1944 3rd St NE Washington, DC 20002
Eckington NeighborhoodEstimated payment $26,559/month
Highlights
- 0.16 Acre Lot
- Space For Rooms
- Window Unit Cooling System
- Wood Flooring
- Double Pane Windows
- Exterior Cameras
About This Home
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 Agent
(202) 483-6300 samuel.davis@longandfoster.com Long & Foster Real Estate, Inc. Brokerage Phone: 2024836300 License #0225153343 Listed on: 06/30/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,121
Year Built
- Built in 2023
Lot Details
- 7,013 Sq Ft Lot
- Infill Lot
- Property is in excellent condition
Parking
- On-Street Parking
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
- Plaster Walls
Interior Spaces
- Ceiling Fan
- Double Pane Windows
- Wood Flooring
- Basement
- Space For Rooms
- Stove
Home Security
- Exterior Cameras
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Hot Water Heating System
- Natural Gas Water Heater
- Multiple Phone Lines
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 78
- Assessor Parcel Number 3565//0078
Community Details
Overview
- 4 Units
- 3-Story Building
- Eckington Subdivision
Building Details
- 4 Vacant Units
- Income includes apartment rentals
- Operating Expense $177,000
- Gross Income $506,000
- Net Operating Income $329,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,416 | $1,460,670 | $602,280 | $858,390 |
| 2024 | $57,854 | $1,157,080 | $602,280 | $554,800 |
| 2023 | $9,381 | $1,103,660 | $581,100 | $522,560 |
| 2022 | $8,742 | $1,028,490 | $518,680 | $509,810 |
| 2021 | $8,122 | $955,490 | $510,970 | $444,520 |
| 2020 | $7,546 | $887,760 | $479,900 | $407,860 |
| 2019 | $7,019 | $825,740 | $445,960 | $379,780 |
| 2018 | $6,536 | $768,980 | $0 | $0 |
| 2017 | $6,064 | $713,420 | $0 | $0 |
| 2016 | $5,154 | $606,360 | $0 | $0 |
| 2015 | $4,758 | $559,750 | $0 | $0 |
| 2014 | $3,959 | $465,810 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/30/2026 06/30/26 | For Sale | $4,750,000 | +188.0% | $1,331 / Sq Ft | |
| 07/29/2022 07/29/22 | Sold | $1,649,500 | 0.0% | $462 / Sq Ft | View Prior Sale |
| 01/26/2022 01/26/22 | Pending | -- | -- | -- | |
| 01/18/2022 01/18/22 | For Sale | $1,649,500 | -- | $462 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,649,500 | None Listed On Document | |
| Deed | $280,000 | -- | |
| Deed | $145,000 | Heritage Title Co |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,500,000 | New Conventional | |
| Closed | $2,000,000 | Construction |
Source: Bright MLS
MLS Number: DCDC2271010
APN: 3565 0078
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