4801 3rd St NW

Washington, DC 20011

$699,000
Price
10
Beds
5
Baths
4,074 Sq. Ft.
$172 / Sq. Ft.
4,074
Sq. Ft.
$172
per Sq. Ft.
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Description

Important Notice:
Open House Schedule: Sunday, May 10th from 1:30PM to 3:00PM (last showing window)
Offer Deadline: Tuesday, May 12th at 5:00PM
Attention Investors — Exceptional Basis for a 5‑Unit Value‑Add Play in Petworth.
4801 3rd St NW presents a rare opportunity to acquire a five‑unit asset at a price point that supports meaningful repositioning and long‑term appreciation. The property is currently operated under a group‑rental structure with one long‑term tenant, generating a combined monthly...Important Notice:
Open House Schedule: Sunday, May 10th from 1:30PM to 3:00PM (last showing window)
Offer Deadline: Tuesday, May 12th at 5:00PM

Attention Investors — Exceptional Basis for a 5‑Unit Value‑Add Play in Petworth.
4801 3rd St NW presents a rare opportunity to acquire a five‑unit asset at a price point that supports meaningful repositioning and long‑term appreciation. The property is currently operated under a group‑rental structure with one long‑term tenant, generating a combined monthly income of $8,084. With three 3‑bedroom units and two 2‑bedroom units, the building is well‑positioned for an investor‑driven transition to the voucher program. Recent Rent Resonablenss rent estimator guidance for this ZIP code reflects $4,113 for 3BR units and $2,805 for 2BR units, providing a clear framework for income growth once an investor implements a structured lease‑up and compliance plan. A fully stabilized rent roll at these program‑friendly levels would reflect an illustrative pro forma gross annual rent of approximately $185,712. After accounting for typical operating expenses in this asset class, investors often model an estimated stabilized NOI in the $115,000–$125,000 range, depending on final operating strategy, compliance execution, and program approvals. These figures are for illustrative underwriting purposes only and are not guarantees of future performance. At an asking price of $699,000, investors acquire a 5‑unit building in one of DC’s most resilient rental corridors at a basis that allows room for operational improvements, licensing cleanup, and strategic repositioning. This profile also aligns well with 1031 exchange objectives, offering a low entry basis, durable demand drivers, and a clear path to forced appreciation through improved operations rather than speculative redevelopment. Many investors underwriting DC multifamily also evaluate potential tenant transition costs as part of their repositioning strategy. While every situation is unique and must comply with DC law, voluntary agreements and negotiated move‑outs are common tools that investors model. If capital is allocated toward tenant transition costs, the increased stabilized income potential may shorten the payback period once the building is fully stabilized. Actual outcomes depend on the investor's execution, the tenant's cooperation, and program approval. Disclosure: The property is being delivered without a current Basic Business License (BBL). Investors should plan to complete the required licensing steps and ensure full compliance with DC rental regulations as part of their repositioning strategy.
  1. Listed by Abel M Gebremichael • Keller Williams Capital Properties
    P: (202)-601-0160 abel@coalitionpg.com

Property Details for 4801 3rd Street Northwest

Tax ID Number
3323//0021
Ownership
Fee Simple
Structure Type
Other
Style
Other
Waterfront
No
Garage
No
Expected On Market Date
05-01-2026
Legal Subdivision
Petworth
LISTING UPDATED: 07/06/2026 11:16 AM

Property Details for 4801 3rd Street Northwest

StatusActive
MLS #DCDC2259262
Days on Market21
Taxes$9,266 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1936
Lot Size0.06 AC / 2,436 SF
CountyDistrict of Columbia
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Location

Listing Courtesy of Keller Williams Capital Properties
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Building Information for 4801 3rd Street Northwest

Stories-Residences4Year Built1936Building Size-Lot Size0.06 AC / 2,436 SF

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$4,255 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,483

Property Taxes

$772

HOA Dues

$0

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Property Information for 4801 3rd Street Northwest

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
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $1,027,780
  • Year Assessed: 2024
  • Improvement Assessed Value: $820,160
  • City Town Tax: $9,266
  • Land Assessed Value: $207,620
  • Zoning: RA-1
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 3
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
Multi Family
Unit 1
  • Type: Unit 5
  • Beds Total: 2
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
  • Full Baths Count: 1
Unit 3
  • Type: Unit 4
  • Beds Total: 2
  • Full Baths Count: 1
Unit 4
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
Unit 5
  • Type: Unit 3
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 4,074.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Soil Types: Soil Study Avail
  • Parcel ID: 16059932
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: 2+ Access Exits
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Capital Area Association of REALTORS

Property History for 4801 3rd Street Northwest

DateEvent & SourcePriceAppreciation
Jul 6, 2026

Listed (Active)

BRIGHT #DCDC2259262

—
Jun 23, 2026

Temp Off Market

BRIGHT #DCDC2259262

—
Jun 11, 2026

Active Under Contract

BRIGHT #DCDC2259262

—
DateEvent & SourcePrice
07/06/2026

Listed (Active)

BRIGHT #DCDC2259262

—
06/23/2026

Temp Off Market

BRIGHT #DCDC2259262

—
06/11/2026

Active Under Contract

BRIGHT #DCDC2259262

—

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

Public Records for 4801 3rd Street Northwest

Taxable ValueLand$207,620Additions$820,160Total$1,027,780
Tax Record2025$8,736 ($728 / month)
Home Facts
Total Finished SqFt2,861 SqFtAbove Grade Finished SqFt2,861 SqFtStories2Lot Size2,436 SqFtStyleMulti-Family Dwelling (2-4)Year Built1936Year Renovated2004ZoningRA-1CountyDISTRICT OF COLUMBIAAPN3323 0021

Schools near 4801 3rd Street Northwest

This home is within District Of Columbia Public Schools.
Rating
School
Type
Grades
Distance
Barnard Elementary School
Public - PK to 5
MacFarland Middle School
Public - 6 to 8
Roosevelt High School @ MacFarland
Public - 9 to 12
Garnet-Patterson Stay High School
Public - 9 to 12
Rating
School
Distance
Barnard Elementary School
PublicPK to 5

MacFarland Middle School
Public6 to 8

Roosevelt High School @ MacFarland
Public9 to 12

Garnet-Patterson Stay 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 4801 3rd Street Northwest, Washington, DC 20011

4801 3rd Street Northwest is a multi-family home for sale in Washington, DC 20011. This property was listed for sale on May 1, 2026 by Keller Williams Capital Properties, it's currently listed at $699,000. It has been on the market for a total of 21 days and was last sold on May 14, 2004. This listing's school district is District Of Columbia Public Schools. Nearby schools include Barnard Elementary School, MacFarland Middle School and Roosevelt High School @ MacFarland. 4801 3rd Street Northwest is a 10-bed, 5-bath, 4,074 sqft multi-family home built in 1936.

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 Keller Williams Capital Properties

© 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 07/06/2026 11:16 AM