4801 3rd St Nw, Washington, DC 20011

Attention Investors — Exceptional Basis for a 5‑Unit Value‑Add Play in Petworth. 4801 3rd St NW presents a rare opportunity to acquire a five‑unit asset at a price point that supports meaningful repositioning and long‑term appreciation. The property is currently operated under a group‑rental structure with one long‑term tenant, generating a combined monthly income of $8,084. With three 3‑bedroom units and two 2‑bedroom units, the building is well‑positioned for an investor‑driven 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 lease‑up and compliance plan. A fully stabilized rent roll at these program‑friendly 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...