Check Availability
$2,950,000
Commercial - In Contract

311 EAST CAPITOL SE

WASHINGTON, DC 20003
bedrooms
Studio
bathrooms
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
Nathan Guggenheim
Washington Fine Properties, LLC
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

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
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
-
House
Stu
2 Baths
2,213 ft²
$1,130/ft²
$2,500,000 Feb 8, 2024
-
-
Townhouse
Stu
-
4,050 ft²
$635/ft²
$2,571,750 Sep 22, 2022
-
-
House
6 Beds
3 Baths
3,945 ft²
$710/ft²
$2,800,000 Mar 22, 2024
-
-
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
-
-
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
More about this Building
311 East Capitol Street Southeast
Want to find out who owns 311 East Capitol Street Southeast, Washington, DC 20003? Get detailed property transactions here .

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