Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of 3601 14th Street NW, a premier 9,913-square-foot, commercially zoned building in the vibrant Columbia Heights neighborhood of Washington, DC. This newly constructed, luxury ten-unit apartment building was completed in 2022 and boasts upscale condo-level finishes in a highly sought-after submarket. Zoned MU-4, the four-story property features ten thoughtfully designed two-bedroom, two-bath units equipped with hardwood floors, granite countertops, in-unit washer and dryer, custom kitchen cabinetry, and high-end appliances. Each unit benefits from central air conditioning and energy-efficient Pella windows, while the building's green roof enhances sustainability and longevity. Fully leased, the property offers nine units rented to Voucher tenants and one market-rate tenant, presenting an exceptional opportunity for investors to acquire a stabilized asset with robust cash flow, no immediate capital improvement needs, and promising long-term rental growth potential. 3601 14th Street NW is strategically positioned in the heart of Columbia Heights’ entertainment and restaurant district, just five blocks from the Columbia Heights and Georgia Avenue/Petworth Metro stations. The property is conveniently situated within two miles of Washington, DC’s central business district and four miles from downtown Silver Spring, MD, offering excellent connectivity to key economic hubs. Columbia Heights is one of Washington, DC’s most dynamic and affluent neighborhoods, characterized by a highly educated population (66% hold a bachelor’s degree or higher) and an average household income of $146,000. This thriving submarket features big-box retailers, diverse retail stores, vibrant arts venues, and an array of new residential developments. The property also benefits from its location on a “Great Streets” corridor, a program designed to stimulate local economic growth, attract new businesses, and create employment opportunities. 3601 14th Street NW represents a rare chance to invest in a luxury, income-producing asset in one of Washington DC’s most desirable and growing neighborhoods.