6405 3RD STREET NW
About This Property
A quintessential front porch with tongue-and-groove ceiling sets the welcoming tone, overlooking playfields. Inside, the living room features a cozy fireplace, extensive custom built-ins, and recessed lighting, flowing effortlessly into a spacious dining room framed by a wide casement opening. Just beyond, a sunlit office offers the perfect work-from-home space. The renovated farm-style kitchen impresses with solid surface counters, a stainless-steel appliance suite, porcelain farm sink, wood floors, an oversized gas range with griddle and ceiling-mounted hood, and a delightful built-in banquette.
Upstairs, you'll find three bright bedrooms outfitted with modern ceiling fans and a renovated full bath complete with a deep soaking tub. The lower level adds versatility with a large family room, recessed lighting, a full bath, laundry area, and ample storage.
Outdoors, enjoy a fenced private yard, beautifully crafted flagstone pathway, and a picturesque rear deck-perfect for relaxing or entertaining. The prime location offers a true neighborhood feel with unparalleled access to shops, restaurants, parks, and entertainment. Just steps from the growing Walter Reed redevelopment, local farmer's market, and summer concerts in the parks-all less than half a mile to the Takoma Metro. This is city living with charm, community, and convenience at its finest!
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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 |
|---|---|---|---|
| Jun 16, 2025 | Sold | ||
| Sold | |||
| May 19, 2025 | In contract | - | |
| In contract | |||
| May 18, 2025 | Price Decreased |
$895,000
↓ $30K
(3.2%) | |
| Price Decreased | |||
| May 1, 2025 | Listed by Perennial Real Estate | $925,000 | |
| Listed by Perennial Real Estate | |||
Property Highlights
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About Northwest Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017