1337-1339 Pennsylvania Avenue SE
Washington, D.C. 20003
The Offering
Summary
- List Price $3,799,000
- Proposed Units 20
- Product Type Multifamily Development
- Construction Wood Frame
- Lot Size 5,210 SF
- Proposed Levels 5 + Cellar
- Proposed Gross Building Area 22,314 SF
- Proposed Rentable/Sellable Area 18,960 SF
- Unit Mix 10 - 1BR/1BA, 6 - 2BR/2BA, 4 - 3BR/3BA
- Proposed IZ Unit Mix 1 - 1BR/1BA, 1 - 2BR/2BA
Investment Summary
Feldman Ruel is pleased to present 1337-1339 Pennsylvania Avenue SE, a 20-unit multifamily development site located in the supply-constrained neighborhood of Capitol Hill in Washington, D.C. At closing, ownership will convey all approved plans and permits, allowing a buyer to start construction immediately.
Investment Highlights
• Conveys with Plans & Permits to Build 20 Multifamily Units
• Mix of 10 1BR/1BA, 6 2BR/2BA, & 4 3BR/3BA Units
• 18,960 Rentable/Sellable Square Feet Across 4 Levels + Cellar & Penthouse
• Over $13.5M in Projected Condominium Outsales According to McWilliams Ballard
• Within 1 Mile of 3 Metro Stations | Less than 0.5 Mile from I-395 Access
• Average Household Income of $240,887 within a 10-Minute Walk
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