2814 38TH STREET NW
About This Property
Located in the highly desirable and quiet Observatory Circle neighborhood of Northwest Washington, DC, this elegant semi-detached home offers timeless curb appeal and modern comfort. A classic brick (Wardman style) facade, manicured landscaping, and mature trees create a warm and welcoming first impression.
Offering over 3,300 square feet of living space across four levels, this 1932 residence blends historic character with thoughtful updates. The main level features a gracious entry foyer leading to light-filled open living and dining areas with oak hardwood floors and a traditional fireplace. French doors open to a versatile study or reading retreat, while the beautifully renovated gourmet kitchen boasts stainless steel appliances, quartz countertops, ample cabinetry, and a large pantry. A sunroom overlooks the deck and lush backyard-ideal for morning coffee or casual dining.
Upstairs, you'll find four spacious bedrooms, including a serene primary suite with an updated ensuite bath. The additional bedrooms share a well-appointed hall bath. The top level offers a large, flexible space perfect for a bedroom, playroom, home gym, or recreation area.
The fully finished lower level includes a private guest suite complete with a kitchen, living area, bedroom, bath, and study-perfect for multi-generational living, an au pair, or potential rental income.
A two-car garage, carport, and driveway provide ample parking. The landscaped grounds are framed by wrought iron fencing, brick pillars, and garden spaces ideal for outdoor enjoyment.
Ideally located near two Metro stations, public transit, the National Cathedral, restaurants, shopping (walk to Whole Foods, Giant, Trader Joe's), beautiful nearby parks, and top-rated schools, this home combines classic charm, modern convenience, and an exceptional DC address.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 5, 2025 | Sold | ||
| Sold | |||
| Oct 22, 2025 | Listed by Coldwell Banker Realty | $1,699,000 | |
| Listed by Coldwell Banker Realty | |||
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About Northwest Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017