35
Map
509 3RD STREET NE
About This Property
The kitchen features granite countertops and stainless steel appliances. The bathrooms are modern and bright. The upstairs main home features 2 bedrooms and 1.5 bathrooms as well as a small nook, perfect for a desk. The primary bedroom features built-in wardrobes and a sitting area in front of the windows. Washer and dryer.
The lower unit is one bedroom, one bathroom, and is 3/4 above grade. It has central heat/AC, a fireplace, and a washer and dryer. It is currently rented for $1799/month through the end of May 2027.
The home is located close to the Senate, the Supreme Court, Union Station, H St, and all that Capitol Hill has to offer.
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What does this mean?
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%.
How much can I actually make?
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 |
|---|---|---|---|
| Jul 24, 2026 | Listed by Compass | $1,150,000 | |
| Listed by Compass | |||
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About Southeast Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017