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4801 3RD STREET NW, WASHINGTON, DC, 20011

$699,000

4,074 sq. ft

4801 3RD STREET NW, WASHINGTON, DC, 20011
$699,000 Active Open House JUST LISTED

Sq. ft 4,074

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Active Open House JUST LISTED

Open House: 05/03 1:30pm to 3:00pm

Attention Investors - Exceptional Basis for a Unit ValuAdd Play in Petworth. 4801 3rd St NW presents a rare opportunity to acquire a fivunit asset at a price point that supports meaningful repositioning and longterm appreciation. The property is currently operated under a grouprental structure with one longterm tenant, generating a combined monthly income of $8,084. With three bedroom units and two bedroom units, the building is wellpositioned for an investordriven 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 leasup and compliance plan. A fully stabilized rent roll at these programfriendly 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 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 movouts 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.

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Open Houses

Date	Start Time	End Time	Type	Url
05/03	1:30 pm	3:00 pm	N/A	N/A

Property Features

Year Built:
1936

Days on Market:
2

Listing ID:
DCDC2259262

List Date:
May 01, 2026

Property Type:
Other

Architecture Style:
Other

County:
WASHINGTON

Total Taxes:
$9,266

Courtesy of Keller Williams Capital Properties

This content was last updated on May 03, 2026 02:21

Name	Type	Level	Grades	Address
Roosevelt High School	Public	High	9-12	4301 13th St NW, Washington, DC 20011
District: District of Columbia Public Schools Grade Span: 9 - 12 Admission: Public Address: 4301 13th St NW, Washington, DC 20011 Phone: 202-576-6130 Website: http://dcps.dc.gov/ Teachers: 80 Students: 943 Ratio: 12:1 Students/Teacher Gender: 56% Male / 44% Female Student/Teacher ratio Enrollment
MacFarland Middle School	Public	Middle	6-8	4400 Iowa Ave NW, Washington, DC 20011
District: District of Columbia Public Schools Grade Span: 6 - 8 Admission: Public Address: 4400 Iowa Ave NW, Washington, DC 20011 Phone: 202-671-6033 Website: http://dcps.dc.gov/ Teachers: 55 Students: 486 Ratio: 9:1 Students/Teacher Gender: 55% Male / 45% Female Student/Teacher ratio Enrollment
Barnard Elementary School	Public	Primary	EE-5	430 Decatur St NW, Washington, DC 20011
District: District of Columbia Public Schools Grade Span: EE - 5 Admission: Public Address: 430 Decatur St NW, Washington, DC 20011 Phone: 202-576-1100 Website: http://dcps.dc.gov/ Teachers: 57 Students: 573 Ratio: 10:1 Students/Teacher Gender: 49% Male / 51% Female Student/Teacher ratio Enrollment

Name	Type	Level	Grades	Address
Acton Academy of Washington, Dc	Private	Elementary	PK-7	2422 K St NW, Washington, DC 20037
Grade Span: PK - 7 Admission: Private Address: 2422 K St NW, Washington, DC 20037 Phone: 202-495-0507 Teachers: 6 Students: 20 Ratio: 3:1 Students/Teacher Gender: 45% Male / 55% Female Student/Teacher ratio Enrollment
Aidan Montessori School	Private	Elementary	PK-6	2700 27th St NW, Washington, DC 20008
Grade Span: PK - 6 Admission: Private Address: 2700 27th St NW, Washington, DC 20008 Phone: 202-387-2700 Teachers: 11 Students: 71 Ratio: 7:1 Students/Teacher Gender: 49% Male / 51% Female Student/Teacher ratio Enrollment
Annunciation Catholic School	Private	Elementary	PK-8	3825 Klingle Pl NW, Washington, DC 20016
Grade Span: PK - 8 Admission: Private Address: 3825 Klingle Pl NW, Washington, DC 20016 Phone: 202-460-9076 Website: http://www.annunciationschool.net/ Teachers: 21 Students: 121 Ratio: 6:1 Students/Teacher Gender: 60% Male / 40% Female Student/Teacher ratio Enrollment
Archbishop Carroll High School	Private	Secondary	9-12	4300 Harewood Rd NE, Washington, DC 20017
Grade Span: 9 - 12 Admission: Private Address: 4300 Harewood Rd NE, Washington, DC 20017 Phone: 202-529-0900 Teachers: 27 Students: 383 Ratio: 14:1 Students/Teacher Gender: 57% Male / 43% Female Student/Teacher ratio Enrollment
Ashreinu School for Girls Inc.	Private	Combined Elementary/Secondary	1-11	1600 Jonquil St NW, Washington, DC 20012
Grade Span: 1 - 11 Admission: Private Address: 1600 Jonquil St NW, Washington, DC 20012 Phone: 301-593-4343 Teachers: 4 Students: 21 Ratio: 5:1 Students/Teacher Gender: 67% Male / 33% Female Student/Teacher ratio Enrollment
Bishop John T Walker School for Boys	Private	Elementary	KG-5	1801 Mississippi Ave SE, Washington, DC 20020
Grade Span: KG - 5 Admission: Private Address: 1801 Mississippi Ave SE, Washington, DC 20020 Phone: 202-678-1515 Teachers: 10 Students: 71 Ratio: 7:1 Students/Teacher Gender: 100% Male Student/Teacher ratio Enrollment
Bishop John T. Walker School for Boys	Private	Elementary	KG-5	1801 Mississippi Ave SE, Washington, DC 20020
Grade Span: KG - 5 Admission: Private Address: 1801 Mississippi Ave SE, Washington, DC 20020 Phone: 202-678-1515 Teachers: 6 Students: 83 Ratio: 14:1 Students/Teacher Gender: 100% Male Student/Teacher ratio Enrollment
Blessed Sacrament School	Private	Elementary	KG-8	5841 Chevy Chase Pkwy NW, Washington, DC 20015
Grade Span: KG - 8 Admission: Private Address: 5841 Chevy Chase Pkwy NW, Washington, DC 20015 Phone: 202-966-6682 Teachers: 39 Students: 508 Ratio: 13:1 Students/Teacher Gender: 49% Male / 51% Female Student/Teacher ratio Enrollment
British Int'L School Washington	Private	Combined Elementary/Secondary	PK-12	2001 Wisconsin Ave NW, Washington, DC 20007
Grade Span: PK - 12 Admission: Private Address: 2001 Wisconsin Ave NW, Washington, DC 20007 Phone: 202-829-3700 Teachers: 44 Students: 478 Ratio: 11:1 Students/Teacher Gender: 46% Male / 54% Female Student/Teacher ratio Enrollment
Broad Branch Children's House	Private	Elementary	PK-KG	5608 Broad Branch Rd NW, Washington, DC 20015
Grade Span: PK - KG Admission: Private Address: 5608 Broad Branch Rd NW, Washington, DC 20015 Phone: 202-232-2233 Teachers: 2 Students: 2 Ratio: 1:1 Students/Teacher Gender: 50% Male / 50% Female Student/Teacher ratio Enrollment
Capitol Hill Day School	Private	Elementary	PK-8	210 S Carolina Ave SE, Washington, DC 20003
Grade Span: PK - 8 Admission: Private Address: 210 S Carolina Ave SE, Washington, DC 20003 Phone: 202-355-4498 Website: http://www.chds.org/ Teachers: 35 Students: 203 Ratio: 6:1 Students/Teacher Gender: 54% Male / 46% Female Student/Teacher ratio Enrollment
Capitol Learning Academy	Private	Elementary	2-6	725 8th St SE, Washington, DC 20003
Grade Span: 2 - 6 Admission: Private Address: 725 8th St SE, Washington, DC 20003 Phone: 202-878-6917 Teachers: 3 Students: 12 Ratio: 5:1 Students/Teacher Gender: 67% Male / 33% Female Student/Teacher ratio Enrollment
Christian Family Montessori	Private	Elementary	KG-6	201 Allison St NW Ste B, Washington, DC 20011
Grade Span: KG - 6 Admission: Private Address: 201 Allison St NW Ste B, Washington, DC 20011 Phone: 202-722-1520 Website: http://www.cfmschool.org/ Teachers: 12 Students: 104 Ratio: 9:1 Students/Teacher Gender: 48% Male / 52% Female Student/Teacher ratio Enrollment
Cornerstone Schools-Washington	Private	Combined Elementary/Secondary	KG-12	3742 Ely Pl SE, Washington, DC 20019
Grade Span: KG - 12 Admission: Private Address: 3742 Ely Pl SE, Washington, DC 20019 Phone: 202-575-0027 Teachers: 18 Students: 160 Ratio: 9:1 Students/Teacher Gender: 48% Male / 52% Female Student/Teacher ratio Enrollment
District Montessori	Private	Elementary	PK-KG	301 A St SE, Washington, DC 20003
Grade Span: PK - KG Admission: Private Address: 301 A St SE, Washington, DC 20003 Phone: 202-294-4799 Teachers: 2 Students: 4 Ratio: 2:1 Students/Teacher Gender: 50% Male / 50% Female Student/Teacher ratio Enrollment
Edmund Burke School	Private	Combined Elementary/Secondary	6-12	4101 Connecticut Ave NW, Washington, DC 20008
Grade Span: 6 - 12 Admission: Private Address: 4101 Connecticut Ave NW, Washington, DC 20008 Phone: 202-362-8882 Teachers: 44 Students: 333 Ratio: 8:1 Students/Teacher Gender: 45% Male / 55% Female Student/Teacher ratio Enrollment
Franklin Montessori School	Private	Elementary	PK-1	4473 Connecticut Ave NW, Washington, DC 20008
Grade Span: PK - 1 Admission: Private Address: 4473 Connecticut Ave NW, Washington, DC 20008 Phone: 202-966-7747 Website: http://www.franklinmontessori.com/ Teachers: 4 Students: 8 Ratio: 2:1 Students/Teacher Gender: 100% Male Student/Teacher ratio Enrollment
Fusion Academy Wdc: Washington D.C.	Private	Combined Elementary/Secondary	6-12	2000 Florida Ave NW, Washington, DC 20009
Grade Span: 6 - 12 Admission: Private Address: 2000 Florida Ave NW, Washington, DC 20009 Phone: 202-244-0639 Teachers: 15 Students: 42 Ratio: 3:1 Students/Teacher Gender: 67% Male / 33% Female Student/Teacher ratio Enrollment
Georgetown Day School	Private	Combined Elementary/Secondary	PK-12	4200 Davenport St NW, Washington, DC 20016
Grade Span: PK - 12 Admission: Private Address: 4200 Davenport St NW, Washington, DC 20016 Phone: 202-295-6127 Teachers: 149 Students: 1053 Ratio: 7:1 Students/Teacher Gender: 47% Male / 53% Female Student/Teacher ratio Enrollment
Georgetown Montessori School	Private	Elementary	PK-KG	1041 Wisconsin Ave NW, Washington, DC 20007
Grade Span: PK - KG Admission: Private Address: 1041 Wisconsin Ave NW, Washington, DC 20007 Phone: 202-337-8058 Teachers: 1 Students: 3 Ratio: 3:1 Students/Teacher Gender: 67% Male / 33% Female Student/Teacher ratio Enrollment
Georgetown Visitation Preparatory School	Private	Secondary	9-12	1524 35th St NW, Washington, DC 20007
Grade Span: 9 - 12 Admission: Private Address: 1524 35th St NW, Washington, DC 20007 Phone: 202-337-3350 Website: http://www.visi.org/ Teachers: 46 Students: 509 Ratio: 11:1 Students/Teacher Gender: / 100% Female Student/Teacher ratio Enrollment
Gonzaga College High School	Private	Secondary	9-12	19 I St NW, Washington, DC 20001
Grade Span: 9 - 12 Admission: Private Address: 19 I St NW, Washington, DC 20001 Phone: 202-336-7100 Website: http://www.gonzaga.org/ Teachers: 68 Students: 956 Ratio: 14:1 Students/Teacher Gender: 100% Male Student/Teacher ratio Enrollment
Holy Trinity School	Private	Elementary	PK-8	1325 36th St NW, Washington, DC 20007
Grade Span: PK - 8 Admission: Private Address: 1325 36th St NW, Washington, DC 20007 Phone: 202-337-2339 Teachers: 32 Students: 314 Ratio: 10:1 Students/Teacher Gender: 47% Male / 53% Female Student/Teacher ratio Enrollment
Kennedy Institute	Private	Secondary	9-12	801 Buchanan St NE, Washington, DC 20017
Grade Span: 9 - 12 Admission: Private Address: 801 Buchanan St NE, Washington, DC 20017 Phone: 202-281-2700 Teachers: 7 Students: 44 Ratio: 6:1 Students/Teacher Gender: 61% Male / 39% Female Student/Teacher ratio Enrollment
Kirov Academy of Washington D.C.	Private	Combined Elementary/Secondary	6-12	4301 Harewood Rd NE, Washington, DC 20017
Grade Span: 6 - 12 Admission: Private Address: 4301 Harewood Rd NE, Washington, DC 20017 Phone: 202-424-3780 Website: http://www.kirovacademydc.org/ Teachers: 11 Students: 77 Ratio: 7:1 Students/Teacher Gender: 21% Male / 79% Female Student/Teacher ratio Enrollment

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4801 3RD STREET NW, WASHINGTON, DC, 20011

$699,000