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5420 3rd St NW 6 Unit Apartment Building $3,500,000 ($583,333/Unit) 5.37% Cap Rate Washington, DC 20011
Investment Highlights
- Well maintained property
- Excellent apartment layouts
- Washer/Dryers in all units
- Occupied restaurant space w/ large outdoor patio
- All units separately metered for gas & electric
- 3 deeded surface parking spaces
Executive Summary
Meticulously maintained mixed-use investment opportunity featuring a 2,929 SF ground-floor restaurant and six (6) 2- bedroom, 2-bath residential units above, along with three (3) deeded surface parking spaces. The retail space is leased to La Mia Italia, providing stable in-place income, while the residential units offer consistent cash flow and upside potential.
Property Facts
| Price | $3,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $583,333 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 5.37% | Building Size | 8,140 SF |
| No. Units | 6 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2017 |
| Property Subtype | Apartment | Parking Ratio | 0.37/1,000 SF |
| Zoning | MU-4 - Retail/restaurant space | ||
| Price | $3,500,000 |
| Price Per Unit | $583,333 |
| Sale Type | Investment |
| Cap Rate | 5.37% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 8,140 SF |
| No. Stories | 4 |
| Year Built | 2017 |
| Parking Ratio | 0.37/1,000 SF |
| Zoning | MU-4 - Retail/restaurant space |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Elevator
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Very walkable
80/100
Fairly drivable
40/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 3296-2005 | Improvements Assessment | $822,950 |
| Land Assessment | $406,690 | Total Assessment | $1,229,640 |
Property Taxes
Parcel Number
3296-2005
Land Assessment
$406,690
Improvements Assessment
$822,950
Total Assessment
$1,229,640
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5420 3rd St NW
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