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Stabilized MFR with Robust Cash Flow 3601 14th St NW 10 Flats Online Auction Sale Washington, DC 20010
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Investment Highlights
- Built in 2022, the property showcases high-end finishes, including a TPO roof, a rooftop deck, Pella windows, and high-efficiency HVAC in all units.
- Each of the ten spacious two-bedroom, two-bath units is designed with condo-quality finishes, offering a blend of elegance and comfort.
- A fully stabilized asset with immediate cash flow and significant potential for long-term equity appreciation.
- A TOPA exempt property which gives a clear and predictable path for settlement.
- Conveniently situated within five blocks of both the Georgia Avenue/Petworth Metro and Columbia Heights Metro stations.
- 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 new construction apartment in the vibrant Columbia Heightsneighborhood of Washington, DC.
This TOPA exempt 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.
The property consists of 10 well-designed apartments with all two-bedroom units, The building encompasses approximately 9,900 rentable square feet and sits on a 0..05-acre lot. Units are thoughtfully designed to appeal to today’s urban renter, supporting strong occupancy and consistent rental demand.
3601 14th Street NW is currently generating $247,584 in gross rental income. Once the two vacant units are filled, an investor can achieve gross rental income of $316,692 in one year. This asset is separately metered whereby the tenants pay for gas and electric, and the owner pays the water expenses. There is also additional income earned from the two off-street parking spaces.
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.
This TOPA exempt 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.
The property consists of 10 well-designed apartments with all two-bedroom units, The building encompasses approximately 9,900 rentable square feet and sits on a 0..05-acre lot. Units are thoughtfully designed to appeal to today’s urban renter, supporting strong occupancy and consistent rental demand.
3601 14th Street NW is currently generating $247,584 in gross rental income. Once the two vacant units are filled, an investor can achieve gross rental income of $316,692 in one year. This asset is separately metered whereby the tenants pay for gas and electric, and the owner pays the water expenses. There is also additional income earned from the two off-street parking spaces.
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.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- 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 | No. Floors | 5 |
| Property Type | Build-to-Rent | Year Built | 2022 |
| Property Subtype | Apartment | Parcel Number | 2827-0083 |
| Apartment Style | Mid-Rise | ||
| 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 |
| 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 M. Wooten Jr., CCIM, is a Senior Director of Investments with Marcus & Millichap in Bethesda, Maryland, specializing in the sale of multifamily and mixed-use investment properties throughout the Washington, D.C. metropolitan area. He exclusively represents private investors, developers, and institutions, advising clients on acquisition and disposition strategies designed to maximize value.
Lorenzo leads The Wooten Group, a high-performing team known for executing complex transactions involving zoning and entitlement matters, TOPA navigation, tenant challenges, and strategic financing solutions. His ability to structure and close sophisticated deals has made him a trusted advisor to clients across the region.
With over 25 years of experience in commercial real estate, Lorenzo brings a comprehensive understanding of the full real estate lifecycle. Prior to joining Marcus & Millichap in 2017, he served as Managing Director of Keller Williams Commercial, where he founded and led The Wooten Group. His earlier career includes experience as a Loan Officer, Regional Manager with Fannie Mae, and over a decade in real estate development—providing him with a unique, well-rounded perspective that benefits his clients.
Lorenzo and his team have consistently ranked among the top commercial brokerage teams in the Washington, D.C. metro area, successfully closing over $65 million in transactions between 2024 and 2025 alone.
He holds a Bachelor of Science degree from Lincoln University and an MBA from the University of Maryland Global Campus. Lorenzo earned the prestigious Certified Commercial Investment Member (CCIM) designation in 2015.
Beyond his professional achievements, Lorenzo is deeply committed to mentorship and community impact. He has volunteered with Junior Achievement since 2014 and has served as a mentor with 100 Black Men of Prince George’s County since 2015. He is also a proud member of Kappa Alpha Psi Fraternity, Inc.
Lorenzo leads The Wooten Group, a high-performing team known for executing complex transactions involving zoning and entitlement matters, TOPA navigation, tenant challenges, and strategic financing solutions. His ability to structure and close sophisticated deals has made him a trusted advisor to clients across the region.
With over 25 years of experience in commercial real estate, Lorenzo brings a comprehensive understanding of the full real estate lifecycle. Prior to joining Marcus & Millichap in 2017, he served as Managing Director of Keller Williams Commercial, where he founded and led The Wooten Group. His earlier career includes experience as a Loan Officer, Regional Manager with Fannie Mae, and over a decade in real estate development—providing him with a unique, well-rounded perspective that benefits his clients.
Lorenzo and his team have consistently ranked among the top commercial brokerage teams in the Washington, D.C. metro area, successfully closing over $65 million in transactions between 2024 and 2025 alone.
He holds a Bachelor of Science degree from Lincoln University and an MBA from the University of Maryland Global Campus. Lorenzo earned the prestigious Certified Commercial Investment Member (CCIM) designation in 2015.
Beyond his professional achievements, Lorenzo is deeply committed to mentorship and community impact. He has volunteered with Junior Achievement since 2014 and has served as a mentor with 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
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr BR40000233
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Videos
Matterport 3D Exterior
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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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