UPDATED:
02/10/2025 03:28 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,913 sqft
Price per Sqft $327
MLS Listing ID DCDC2184206
Originating Board BRIGHT
Year Built 2022
Annual Tax Amount $22,203
Tax Year 2024
Lot Size 2,287 Sqft
Acres 0.05
Property Sub-Type Five Or More Units
Property Description
This newly constructed, luxury ten-unit apartment building was completed in 2022 and boasts upscale condo-level finishes in a highly sought-after submarket. Zoned MU-4, the four-story property features ten thoughtfully designed two-bedroom, two-bath units equipped with hardwood floors, granite countertops, in-unit washer and dryer, custom kitchen cabinetry, and high-end appliances. Each unit benefits from central air conditioning and energy-efficient Pella windows, while the building's green roof enhances
sustainability and longevity.
Fully leased, the property offers nine units rented to Voucher tenants and one market-rate tenant, presenting an exceptional opportunity for investors to acquire a stabilized asset with robust cash flow, no immediate capital improvement needs, and promising long-term rental growth potential.
3601 14th Street NW is strategically positioned in the heart of Columbia Heights' entertainment and restaurant district, just five blocks from the Columbia Heights and Georgia Avenue/Petworth Metro stations. The property is conveniently situated within two miles of Washington, DC's central business district and four miles from downtown Silver Spring, MD, offering excellent connectivity to key economic hubs.
Columbia Heights is one of Washington, DC's most dynamic and affluent neighborhoods, characterized by a highly educated population (66% hold a bachelor's degree or higher) and an average household income of $146,000. This thriving submarket features big-box retailers, diverse retail stores, vibrant arts venues, and an array of new residential developments.
The property also benefits from its location on a “Great Streets” corridor, a program designed to stimulate local economic growth, attract new businesses, and create employment opportunities. 3601 14th Street NW represents a rare chance to invest in a luxury, income-producing asset in one of Washington DC's most desirable and growing neighborhoods.
Location
State DC
County Washington
Zoning MU-4
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 3.0
Utilities Available Water Available
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 3
Garage N
Building
Sewer Other
Water Public
New Construction Y
Schools
School District District Of Columbia Public Schools
Others
Tax ID 2827//0083
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
