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3601 14th St NW

10 Unit Block of Flats For Sale Washington, DC 20010

Investment Highlights

  • High-end finishes, including a durable TPO roof, a rooftop deck, Pella windows, and high-efficiency HVAC systems in all units
  • Fully leased, with nine units rented to Voucher tenants and one at market rate, ensuring consistent and reliable income
  • A fully stabilized asset with immediate cash flow and significant potential for long-term equity appreciation
  • Each of the ten spacious two-bedroom, two-bath units is designed with condo-quality finishes, offering a blend of elegance and comfort
  • Five blocks of both the Georgia Avenue/Petworth Metro and Columbia Heights Metro stations, providing excellent accessibility

Executive Summary

Marcus & Millichap is pleased to exclusively represent the owner of 3601 14th Street NW, a premier 9,913-square-foot, commercially zoned building in the vibrant Columbia Heights neighborhood of Washington, DC.
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.

Property Facts

Sale Type Investment
No. Units 10
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.05 AC
Building Size 9,027 SF
Average Occupancy 100%
Number of Floors 5
Year Built 2022

Unit Amenities

  • Air Conditioning
  • Washer/Dryer
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+2.5 10 - 757
Walk Score ®
Walker's Paradise (91)
Transit Score ®
Excellent Transit (76)
Bike Score ®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2827-0083
Land Assessment
£627,528
Improvements Assessment
£1,338,462
Total Assessment
£1,965,990

zoning

Zoning Code MU-4 (Allows for moderate-density mixed-use development with a focus on housing)
MU-4 (Allows for moderate-density mixed-use development with a focus on housing)
  • Listing ID: 34148645

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: 3601 14th St NW, Washington, DC 20010

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