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Stabilized MFR with Robust Cash Flow 3601 14th St NW 10 Flats Online Auction Sale Washington, DC 20010
Investment Highlights
- Recently constructed, luxury 10-unit apartment building boasting upscale condo-level finishes in each two-bedroom/ two-bath unit.
- Fully leased suburban housing with a healthy net operating income offering a passive investment opportunity with no capital improvements needed.
- Tenants benefit from proximity to the DC USA Mall along 14th Street, a large, mixed-use retail corridor, anchored by Target, Lidl, and Giant.
- Highly sought-after submarket in the Columbia Heights DC neighborhood with an affluent 2-mile average household income exceeding $159,800.
- Premium unit finishes include hardwood floors, granite countertops, an in-unit washer and dryer, custom kitchen cabinetry, and high-end appliances.
- 3601 14th Street NW has three shopping centers in a 1.5-mile radius, five parks in a 3-mile radius, and three hospitals in a 2-mile radius.
Executive Summary
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.
Built in 2022, the property features 10 spacious two-bedroom, two-bath units, with nine rented to voucher tenants and one at market rate, providing a strong, diversified rent roll. Visually, the asset showcases modern construction, premium amenities, and condo-quality design throughout. High-end finishes include hardwood flooring, a durable thermoplastic roof, expansive Pella windows that enhance natural light, and new, efficient HVAC systems in every unit. Other on-site features include two-car parking pads, a fire alarm system, a monitored security system, and a bike closet. Units 9 and 6 will be market-rate rents, and Unit 8 is an IZ (not a voucher). Four units have a scenic outdoor terrace, and two units have private, gated entrances.
3601 14th Street NW consists of two penthouse duplexes and one first-level duplex, while most units have a two-bedroom layout. There is no TOPA, and this sale includes condo documents. From an investor's perspective, the property is fully leased, ensuring consistent and reliable income from day one.
The subject's location, within five blocks of both the Georgia Avenue/Petworth Metro and Columbia Heights Metro stations, offers exceptional transit access, supporting durable tenant demand and long-term occupancy. 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 2 miles of Washington, DC's Central Business District and 4 miles from Downtown Silver Spring, Maryland, 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 (67% hold a bachelor's degree or higher) and an average household income of $159,881. This thriving submarket features big-box retailers, diverse retail stores, vibrant arts venues, and an array of new residential developments.
With immediate cash flow and durable tenant demand, the multifamily asset stands out as a turnkey investment in a high-performing DC corridor.
Property tours are by appointment only. Please contact the listing broker to schedule.
Built in 2022, the property features 10 spacious two-bedroom, two-bath units, with nine rented to voucher tenants and one at market rate, providing a strong, diversified rent roll. Visually, the asset showcases modern construction, premium amenities, and condo-quality design throughout. High-end finishes include hardwood flooring, a durable thermoplastic roof, expansive Pella windows that enhance natural light, and new, efficient HVAC systems in every unit. Other on-site features include two-car parking pads, a fire alarm system, a monitored security system, and a bike closet. Units 9 and 6 will be market-rate rents, and Unit 8 is an IZ (not a voucher). Four units have a scenic outdoor terrace, and two units have private, gated entrances.
3601 14th Street NW consists of two penthouse duplexes and one first-level duplex, while most units have a two-bedroom layout. There is no TOPA, and this sale includes condo documents. From an investor's perspective, the property is fully leased, ensuring consistent and reliable income from day one.
The subject's location, within five blocks of both the Georgia Avenue/Petworth Metro and Columbia Heights Metro stations, offers exceptional transit access, supporting durable tenant demand and long-term occupancy. 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 2 miles of Washington, DC's Central Business District and 4 miles from Downtown Silver Spring, Maryland, 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 (67% hold a bachelor's degree or higher) and an average household income of $159,881. This thriving submarket features big-box retailers, diverse retail stores, vibrant arts venues, and an array of new residential developments.
With immediate cash flow and durable tenant demand, the multifamily asset stands out as a turnkey investment in a high-performing DC corridor.
Property tours are by appointment only. Please contact the listing broker to schedule.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Miscellaneous
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | Costar Property Class | B |
| Sale Condition | Auction Sale | Total Plot Size | 0.30 ac |
| Type of Ownership | Fee Simple | Property Size | 7,570 sq ft |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Build-to-Rent | No. Floors | 5 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Mid-Rise | Parcel Number | 2827-0083 |
| Use Class | MU-4 - Allows for moderate-density mixed-use development with a focus on housing | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 10 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | B |
| Total Plot Size | 0.30 ac |
| Property Size | 7,570 sq ft |
| Average Occupancy | 100% |
| No. Floors | 5 |
| Year Built | 2022 |
| Use Class | MU-4 - Allows for moderate-density mixed-use development with a focus on housing |
| Parcel Number | 2827-0083 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent pcm | sq ft |
|---|---|---|---|
| 2+2 | 10 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Strong public transit
80/100
Very bikeable
80/100
Sale Advisor
Sale Advisor
Lorenzo Wooten, Senior Director Investments
Lorenzo specializes in the sale of investment properties throughout the Washington, D.C. metropolitan area. With a strong focus on multifamily, mixed-use, development land, and institutional assets, Lorenzo leads a high-performing team that has successfully closed transactions across a wide range of asset types.
Known for his strategic insight and deal execution, Lorenzo brings deep expertise in managing complex transactions involving zoning variances, TOPA compliance, tenant challenges, and creative financing structures for developers. His fourteen years in commercial brokerage—combined with over two decades of industry experience—have earned him recognition as one of the top investment advisors in the region.
Before joining Marcus & Millichap in 2017, Lorenzo served as Managing Director of Keller Williams Commercial and led The Wooten Group, overseeing leasing and sales activities across the D.C. area. His career began in residential finance as a loan officer, followed by five years as a Regional Manager at Fannie Mae, and includes over a decade of hands-on experience in real estate development.
Lorenzo earned a Bachelor of Science from Lincoln University and an M.B.A. from the University of Maryland Global Campus. He achieved the Certified Commercial Investment Member (CCIM) designation in 2015, placing him among the industry’s most respected professionals.
A committed community leader, Lorenzo has volunteered with Junior Achievement of America since 2014 and has mentored youth through 100 Black Men of Prince George's County since 2015. He is also a proud member of Kappa Alpha Psi Fraternity, Inc.
Known for his strategic insight and deal execution, Lorenzo brings deep expertise in managing complex transactions involving zoning variances, TOPA compliance, tenant challenges, and creative financing structures for developers. His fourteen years in commercial brokerage—combined with over two decades of industry experience—have earned him recognition as one of the top investment advisors in the region.
Before joining Marcus & Millichap in 2017, Lorenzo served as Managing Director of Keller Williams Commercial and led The Wooten Group, overseeing leasing and sales activities across the D.C. area. His career began in residential finance as a loan officer, followed by five years as a Regional Manager at Fannie Mae, and includes over a decade of hands-on experience in real estate development.
Lorenzo earned a Bachelor of Science from Lincoln University and an M.B.A. from the University of Maryland Global Campus. He achieved the Certified Commercial Investment Member (CCIM) designation in 2015, placing him among the industry’s most respected professionals.
A committed community leader, Lorenzo has volunteered with Junior Achievement of America since 2014 and has mentored youth through 100 Black Men of Prince George's County since 2015. He is also a proud member of Kappa Alpha Psi Fraternity, Inc.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology driving commercial property deals online. With over $34 billion in total transactions, these auctions utilise best-in-class technology and real-time asset intelligence to give listings the best chance of reaching the ideal buyer. The accelerated auction timeline, thorough due diligence, and buyer qualification make transactions twice as fast and twice as reliable for agents, owners, and investors.
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Auction Contact
Pace Zambito
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Auctioneer License:
Ten-X Arlene Richardson RE Brkr BR40000233
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Stabilized MFR with Robust Cash Flow | 3601 14th St NW
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