DC > Washington
Washington, DC 20002,1324 N NORTH CAPITOL ST NW
Washington, DC 20002,1324 N NORTH CAPITOL ST NW
Washington, DC 20002,1324 N NORTH CAPITOL ST NW
Washington, DC 20002,1324 N NORTH CAPITOL ST NW
Washington, DC 20002,1324 N NORTH CAPITOL ST NW
Washington, DC 20002,1324 N NORTH CAPITOL ST NW
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Charles C. Heyward, Jr.

Charles C. Heyward, Jr.

+1(240) 604-9639
Listed by Natalie E Hasny • Capital Residential Properties
$ 27,500,000
Est. payment | /mo

9,400 Sqft Lot

Save
$ 27,500,000
Est. payment | /mo
Save

9,400 Sqft Lot

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

Bright MLS (BMLS)
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(240) 604-9639

charles@heywardhomes.com

16701 Melford Blvd, Ste 100, Bowie, MD, 20715

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1324 N NORTH CAPITOL ST NW