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Map
$2,950,000
●
Commercial -
In Contract
311 EAST CAPITOL SE
WASHINGTON, DC 20003
Studio
0 Bath
$14,485
Estimated Monthly
$0
HOA / Fees
About This Property
We are pleased to present 311 East Capitol Street, SE, a
four-level, 13-unit property in RF-1/CAP Zoning. The current
configuration, layout, and condition offer an investor myriad
options to reposition the asset in the marketplace. The
property is nestled on one of the most coveted blocks on Capitol
Hill, as it is situated a stone's throw from the United
States Capitol, both the Senate and House of Representative Office
Buildings (Hart, Russell and Dirksen, and Cannon, Longworth and
Rayburn), The Folger Shakespeare Library, The Supreme Court, The
Library of Congress, countless association headquarters, and vast
restaurant and retail options. As a TOPA free asset, the
property presents investors with an immediate opportunity to
acquire a grandfathered-use, multi-family property for occupancy
upon acquisition, redevelopment as a mid-level or luxury rental, or
a condominium project. A present estimate of HCVP Rents for
the current configuration, if fully leased is $31,930/mo
(estimated). A preliminary zoning opinion (available upon
request) has confirmed that the unit make-up could be modified to
decrease density.
Unit Size
-
Days on Market
-
Land Size
0.06 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1890
Listed By
Last updated: 2 months ago (Bright MLS #DCDC2130534)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 28, 2024 | In contract | - | |
In contract | |||
Feb 29, 2024 | Listed by Washington Fine Properties, LLC | $2,950,000 | |
Listed by Washington Fine Properties, LLC |
Property Highlights
Air Conditioning
With View
Parking Details
Parking Features: None
Exterior Details
Property Information
Property Manager Present
Ownership Interest: Fee Simple
Property Condition: Below Average
Year Built Source: Estimated
Building Information
Builder Name: Little
Builder Name: Little
Foundation Details: Brick/Mortar
Roof: Flat, Built-Up, Asphalt
Construction Materials: Brick
Lot Information
Tidal Water: N
Lot Size Source: Assessor
Land Information
Land Assessed Value: $3,628,270
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $0
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $3,628,270
Tax Year: 2022
Tax Annual Amount: $0
Year Assessed: 2022
Utilities Details
Central Air
Cooling Type: Window Unit(s), Central A/C
Heating Type: Baseboard - Electric, Radiator, Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas, Electric
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
6
Beds
5
Baths
3,291 ft²
$942/ft²
$3,100,000
May 18, 2023
$3,100,000
Sep 22, 2022
-
Townhouse
6
Beds
6
Baths
2,406 ft²
$1,049/ft²
$2,525,000
Feb 21, 2024
$2,525,000
Mar 23, 2024
-
Townhouse
5
Beds
5
Baths
2,336 ft²
$1,027/ft²
$2,400,000
Mar 2, 2023
$2,400,000
Apr 25, 2023
-
House
4
Beds
5
Baths
3,762 ft²
$771/ft²
$2,900,000
Jun 1, 2023
$2,900,000
Jul 7, 2023
$365/mo
Townhouse
5
Beds
5
Baths
-
$3,500,000
Feb 7, 2023
$3,500,000
Jun 8, 2023
-
Townhouse
4
Beds
4
Baths
3,142 ft²
$828/ft²
$2,600,000
Sep 14, 2023
$2,600,000
Dec 12, 2023
-
Active
Townhouse
5
Beds
5
Baths
2,354 ft²
$1,402/ft²
$3,300,000
Oct 27, 2023
-
-
Townhouse
5
Beds
6
Baths
2,343 ft²
$1,144/ft²
$2,680,000
Sep 14, 2023
-
-
In Contract
Townhouse
8
Beds
6
Baths
4,545 ft²
$583/ft²
$2,650,000
Nov 11, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
311 East Capitol Street Southeast
311 East Capitol Street Southeast, Washington, DC 20003
- 1 Unit for Sale
About Southeast Washington
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