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1944 3rd Street NEWashington, DC 20002

For Sale

$4,750,000

Smart Buyer Rebate $47,500

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.

Listed by Samuel R Davis

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License #ab95309

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Long & Foster Real Estate, Inc.

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2022567039

Last updated June 30, 2026

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Source: BrightMLS #DCDC2271010

Listing Facts

  • TypeMulti-family
  • NeighborhoodEckington
  • Days on Prevu31
  • Taxes$8,121/year
  • Size3,570 sqft
  • Price per sqft$1,331

Location

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Listing History

06/30/2026
Listed by Long & Foster Real Estate, Inc.
$4,750,000

Property Details for 1944 3rd Street NE

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 4
  • Property Condition: Excellent
  • Roof: Flat
  • Stories Total: 3
  • Window Features: Double Pane
  • Year Built: 2023
  • Architectural Style: Other
  • Construction Materials: Brick
  • Exterior Features: Sidewalks

Features

  • Other Structures: Above Grade, Below Grade
  • Waterfront: No

Measurements

  • Lot Size Acres: 0.16
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 7,013
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 7.0
  • Gross Income: $506,000.00
  • Operating Expense: $177,000.00
  • Operating Expense Includes: Snow Removal,Insurance,Trash,Parking

Taxes

  • Tax Annual Amount: $8,121.00
  • Tax Year: 2021

Interior

Features

  • Appliances: Refrigerator, Stove
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Features: Ceiling Fan(s), Wood Floors
  • Spa: No

Measurements

  • Living Area: 3,570
  • Living Area Source: Estimated

Rooms

  • Basement: Space For Rooms
  • Has Basement: Yes

Other

Location

  • Subdivision Name: ECKINGTON
  • Tax Lot: 78

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heating: Hot Water
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Cable TV, Electric Available, Multiple Phone Lines, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1944 3rd Street NE.

What are the annual taxes for 1944 3rd Street NE?

Annual taxes for this multi-family home are estimated at $8,121.

How does 1944 3rd Street NE compare to other multi-family homes in Eckington?

This multi-family home is listed 166% above the average price for multi-family homes in Eckington and has been on the market for 37 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 3,570 sqft.

1944 3rd Street NE is a -bedroom multi-family home for sale in WASHINGTON DC 20002. On Prevu for 31 days at $4,750,000. This residence features 3,570 square feet of living space, located in Eckington. The median listing price for multi-family homes in this area is $667,450. Browse more multi-family home listings in Washington.

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright BRIGHT, All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.