1944 3rd St NE

Washington, DC 20002

$4,750,000
Price
36
Beds
14
Baths
3,570 Sq. Ft.
$1,331 / Sq. Ft.
3,570
Sq. Ft.
$1,331
per Sq. Ft.
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New
New

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...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.
  1. Listed by Samuel R Davis • Long & Foster Real Estate, Inc.
    P: (202)-256-7039 samuel@lnf.com

Property Details for 1944 3rd Street Northeast

Tax ID Number
3565//0078
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Other
Waterfront
No
Garage
No
Subdivision
ECKINGTON
Subdivision
ECKINGTON (WASHINGTON DC)
LISTING UPDATED: 06/30/2026 10:05 AM

Property Details for 1944 3rd Street Northeast

StatusActive
MLS #DCDC2271010
Days on Market2
Taxes$8,121 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built2023
Lot Size0.16 AC / 7,013 SF
CountyDistrict of Columbia
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Location

Listing Courtesy of Long & Foster Real Estate, Inc.
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Building Information for 1944 3rd Street Northeast

Stories-Residences4Year Built2023Building Size-Lot Size0.16 AC / 7,013 SF

Payment Calculator

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$24,347 per month

30 year fixed, 6.36% Interest

Principal and Interest

$23,670

Property Taxes

$677

HOA Dues

$0

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Property Information for 1944 3rd Street Northeast

Location
Location
  • In City Limits: Yes
  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District County ID: 121140357950
  • SchoolDistrictSource: Listing Agent
  • County: WASHINGTON
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $1,028,490
  • Year Assessed: 2021
  • County Tax: $0
  • Improvement Assessed Value: $509,810
  • City Town Tax: $8,121
  • Land Assessed Value: $518,680
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: R4
  • Tax Lot: 78
  • School Tax: $0
  • Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
  • Owner Pays: Accounting/Legal, Advertising/Licenses and Permits, Common Area Maintenance, Insurance, Management, Pest Control, Payroll, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 7
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7
  • Units Leased Count: 3
  • Number Of Units Vacant: 4
  • Vacancy Allowance Rate: 5.00%
  • Number Of Units Month To Month: 3
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 7
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1143
  • Unit Type Lease Type: Yearly
  • Beds Total: 5
  • Full Baths Count: 2
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1042
  • Unit Type Lease Type: Yearly
  • Beds Total: 4
  • Full Baths Count: 2
Unit 3
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1237
  • Unit Type Lease Type: Yearly
  • Beds Total: 5
  • Full Baths Count: 2
Unit 4
  • Type: Unit 6
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1236
  • Unit Type Lease Type: Yearly
  • Beds Total: 5
  • Full Baths Count: 2
Unit 5
  • Type: Unit 5
  • Unit Type Finished SQFT: 1352
  • Beds Total: 6
  • Full Baths Count: 2
Unit 6
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1208
  • Unit Type Lease Type: Yearly
  • Beds Total: 5
  • Half Baths Count: 0
  • Full Baths Count: 2
Unit 7
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1420
  • Unit Type Lease Type: Yearly
  • Beds Total: 6
  • Half Baths Count: 0
  • Full Baths Count: 2
Financial Information
Expenses
  • Operating Expense: $177,000
  • Operating Expense Includes: Snow Removal, Insurance, Trash, Parking
  • Insurance Expense: $0
  • Trash Expense: $0
  • Maintenance Expense: $0
  • Pool Expense: $0
  • Furniture Replacement Expense: $0
  • Professional Management Expense: $0
Financial Information
  • Gross Income: $506,000
  • Gross Scheduled Income: $506,000
  • Net Operating Income: $329,000
  • Annual Rental Income: $506,000
  • Income Includes: Apartment Rentals
  • Cap Rate: 7.00
Building Info
Building Info
  • Year Major Reno Remodel: 2023
  • Building Level Count: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Soil Types: Urban Land-Galestown-Rumford
  • Location Type: Middle Of Block
  • Parcel ID: 16064113
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Interior Features: Ceiling Fan(s), Wood Floors
  • Fireplace: No
  • Appliances: Refrigerator, Stove
  • Accessibility Features: None
  • Security Features: Carbon Monoxide Detector(s), Exterior Cameras, Smoke Detector
  • Window Features: Double Pane
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Sidewalks
  • Pool: No Pool
Utilities
Utilities
  • Utilities: Cable TV, Electric Available, Multiple Phone Lines, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: Circuit Breakers
Confidential Data
Listing Office
  • List Agent AOR: Greater Capital Area Association of REALTORS
  • List Agent URL: www.samuelrdavis.com

Property History for 1944 3rd Street Northeast

DateEvent & SourcePriceAppreciation
Jun 30, 2026

Listed (Active)

BRIGHT #DCDC2271010

$4,750,000—
May 31, 2025

Expired

BRIGHT #DCDC2150330

—
May 9, 2025

Withdrawn

BRIGHT #DCDC2150330

—
DateEvent & SourcePrice
06/30/2026

Listed (Active)

BRIGHT #DCDC2271010

$4,750,000
05/31/2025

Expired

BRIGHT #DCDC2150330

—
05/09/2025

Withdrawn

BRIGHT #DCDC2150330

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1944 3rd Street Northeast

Taxable ValueLand$602,280Additions$858,390Total$1,460,670
Tax Record2025$12,416 ($1,035 / month)
Home Facts
Baths4Total Finished SqFt5,970 SqFtAbove Grade Finished SqFt5,970 SqFtStories3Lot Size7,013 SqFtStyleMulti-Family Res (5+ Units)Year Built1939Year Renovated2023ZoningRF-1CountyDISTRICT OF COLUMBIAAPN3565 0078

Schools near 1944 3rd Street Northeast

This home is within District Of Columbia Public Schools.
Rating
School
Type
Grades
Distance
Langley Elementary School
Public - PK to 5
McKinley Middle School
Public - 6 to 8
Dunbar High School
Public - 9 to 12
McKinley Technology High School
Public - 9 to 12
Rating
School
Distance
Langley Elementary School
PublicPK to 5

McKinley Middle School
Public6 to 8

Dunbar High School
Public9 to 12

McKinley Technology High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1944 3rd Street Northeast, Washington, DC 20002

1944 3rd Street Northeast is a multi-family home for sale in Washington, DC 20002. This property was listed for sale on June 30, 2026 by Long & Foster Real Estate, Inc., it's currently listed at $4,750,000. It has been on the market for a total of 2 days and was last sold on July 29, 2022. This listing's school district is District Of Columbia Public Schools. Nearby schools include Langley Elementary School, McKinley Middle School and Dunbar High School. 1944 3rd Street Northeast is a 36-bed, 14-bath, 3,570 sqft multi-family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Long & Foster Real Estate, Inc.

© 2026 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 06/30/2026 10:05 AM