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Listed by Natalie E Hasny • Capital Residential Properties

$27,500,000

Est. payment - /mo

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9,400 Sqft Lot

New

1324 N NORTH CAPITOL ST NW Washington, DC 20002

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID DCDC2202348

Year Built 2024

Annual Tax Amount $18,424

Tax Year 2024

Lot Size 9,400 Sqft

Acres 0.22

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

1324 North Capitol Street NW is a newly constructed 67-unit luxury multi-family building (completed in 2024) currently operating as a fully furnished, high-performing short-term rental under the “Reside, a Wyndham Residence” brand. The property is Zoned MU-5A and can be transferred as a fully stabilized asset or vacant. TOPA does not apply. This asset offers maximum optionality in terms of future use including continued hospitality use under Wyndham (or other Short-Term Rental operator), a traditional multi-family property, a corporate housing asset (includes all FF&E) or converted and sold as luxury condominiums.

The property conveys turnkey with condo-level finishes, fully furnished units (FF&E included) and rental revenue, all of which provide a built-in cash flow. This asset is ideal for a family office investment, institutional buyers, 1031 exchange investors, and foreign capital seeking proven results in a Washington DC location, flexibility of use, and long-term upside.

Location

State DC

County Washington

Zoning MU-5A

Interior

Hot Water Natural Gas

Cooling Central A/C

Heat Source Electric

Exterior

Garage Spaces 9.0

Water Access N

Accessibility Elevator

Total Parking Spaces 9

Garage N

Building

Sewer Public Septic

Water Public

New Construction Y

Schools

School District District Of Columbia Public Schools

Others

Tax ID 0617//0243

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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1324 N NORTH CAPITOL ST NW Washington, DC 20002

DC Homes Guide

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1324 N NORTH CAPITOL ST NW