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Fahrenheit 3930 Georgia Ave NW 31 Unit Apartment Building For Sale Washington, DC 20011
Investment Highlights
- Highly Visible Mixed-Use Property Located at at Signalized Intersection
- Attractive Multifamily Unit Mix | 5 - 1BRs, 25 - 2BRs, & 1 - 3BR with Private Outdoor Space
- Newly Signed Retail Lease | Experienced Operator with Strong Financials
- TOPA -Exempt Multifamily Transaction | 2015 Construction
- 40,728 Gross SF Across 7 Levels | 2,840-SF Street-Level Retail Unit
- Prominent Corner Location 2 Blocks from the Georgia Ave-Petworth Metro
Executive Summary
Feldman Ruel is pleased to offer for sale The Fahrenheit, located at 3930 Georgia Avenue NW, a 40,728-square-foot, six-story mixed-use building constructed in 2015. The offering represents a rare opportunity to acquire a modern, condo-quality asset below replacement cost. Originally designed as a condominium project, the building features high-end finishes and a desirable mix of one-bedroom and two-bedroom units, along with a unique three-bedroom unit that includes private outdoor space. Because the building was constructed less than 15 years ago, the transaction qualifies for an exemption from Washington, D.C.’s TOPA process. A newly executed five-year retail lease with New Hampshire Medical Supply, a corporately guaranteed tenant established in 1962, provides stable ground-floor income. Positioned at a signalized intersection along Georgia Avenue NW, the subject property benefits from strong visibility and abundant natural light. Located steps from the Georgia Ave–Petworth Metro station and near Howard University, 3930 Georgia Avenue NW is well connected and surrounded by major economic drivers that support long-term rental demand and asset value.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Security System
- Grill
- On-Site Retail
- Package Service
- Roof Terrace
- Bicycle Storage
- Elevator
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 558 |
| 2+2 | 25 | - | 742 - 790 |
| 3+2.5 | 1 | - | 1,282 |
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Exceptionally walkable
90/100
Somewhat drivable
20/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 2906-0092 | Improvements Assessment | $8,566,350 |
| Land Assessment | $2,094,440 | Total Assessment | $10,660,790 |
Property Taxes
Parcel Number
2906-0092
Land Assessment
$2,094,440
Improvements Assessment
$8,566,350
Total Assessment
$10,660,790
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Fahrenheit | 3930 Georgia Ave NW
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