1324 N NORTH CAPITOL ST NW new to site Save Request In-Person Tour Request Virtual Tour
Washington,DC 20002
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
Property Sub-Type Five Or More Units
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
Exterior
Garage Spaces 9.0
Water Access N
Building
Sewer Public Septic
Water Public
New Construction Y
Schools
School District District Of Columbia Public Schools
Others
Special Listing Condition Standard