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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.

Highlights

  • Commercial Sale
  • Built in 2023
  • 0.16 Acre Lot
  • 87 days on Market

  • Year Built
    2023
  • Stories
    3.0
  • Construction Materials
    Brick
  • Foundation
    Block
  • Parking Features
    On Street
  • Appliances
    Gas Water Heater
  • Flooring
    Hardwood
  • Security Features
    Smoke Detector(s), Carbon Monoxide Detector(s)
  • Cooling
    Electric, Window Unit(s)
  • Heating
    Natural Gas, Hot Water

  • Acres
    0.16
  • Utilities
    Cable Available, Sewer Available, Electricity Available, Water Available, Natural Gas Available, Phone Available
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 1944 3rd St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1944 3rd St.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 1944 3rd St?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $4,750,000. We can talk through recent upgrades, potential seller motivation, how this commercial sale compares to others in Washington, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 1944 3rd St?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 1944 3rd St at around $26,432. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 1944 3rd St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Washington County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 1944 3rd St?

In most cases, yes. Whether 1944 3rd St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Washington's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 1944 3rd St?

We can handle that for you. Our preferred local agent specializes in commercial sales in Washington and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $4,750,000 with 8,638 sqft of space—that comes out to approximately $550 per square foot.

How long has this property been on the market?

1944 3rd St was listed on August 13, 2026, which means it's been on the market for 87 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2023, making it approximately 3 years old.

What is the lot size of this property?

1944 3rd St sits on a 0.16-acre lot, which is 6,970 square feet.

What are the property taxes for 1944 3rd St?

The most recent public record shows annual property taxes for 1944 3rd St were approximately $8,121. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 1944 3rd St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Bright. All rights reserved.

Last Updated: November 08, 2026 at 07:57AM | Source: Bright | MLS#: DCDC2278384