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2108 R Street NW, Washington, DC

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2108 R Street NW

Washington, DC 20008-1900 - Dupont Circle MF Submarket

Property Type:Multi-Family Number of Units:3 Status:Existing Year Built:1900
Stories:4 Building Size:5,065 SF Land Area:.03 AC (1,307 SF)
For Sale Price:For Sale Price/Unit:- Cap Rate:5.00 % GRM:-


2108 R Street, NW is an approximately 5,000 square foot apartment building located in
Dupont Circle. The building has four stories plus an English Basement. There are two
one-bedroom apartments on the upper two floors, the second floor is an artist studio
and the first floor and English basement consists of an art gallery which has been
leasing for many years. The building is in good condition, easy to maintain, and has
separate electric meters for each floor.

The property is zoned R-5-B and it sits in the Diplomatic Overlay, which permits
Embassy Chanceries use subject to the Board of Zoning Adjustment (BZA) approval.
The zoning allows for single & multifamily residential use, school, college/university,
church, hotel, child/elderly development center, hospital or clinic, private club,
fraternity, sorority or dormitory as well as a rooming or boarding house.

Dupont Circle is now considered one of the most prestigious neighborhoods of
Washington, D.C. and a premier retail destination for a large number of commercial &
recreational activities including elegant dining, upscale shopping and a variety of
social activities. It is located on the edge of the downtown central business district
(CBD) and is three blocks from the Dupont Circle Metrorail stop on the Red Line. It is
also served by several Metro buses.

Dupont Circle also has a high amount of historical appeal and architectural diversity as
many of the buildings were constructed in the late 1800’s and early 1900’s. The
population has remained stable and the income of the working population is above

R Street has many art galleries and is one block from the world famous Phillips
Collection. Massachusetts and Connecticut Avenues, main thoroughfares to the
Central Business District (CBD), many Embassies and prestigious international
organizations is only one block away.

Financing is as good as it has ever been and a prospective purchaser can lock in low
long-term rates and enjoy significant appreciation in property value.

Sale Notes:
For Sale $3,050,000
Historic 5-story building with long-term gallery tenant and 3 large 1-bedroom apartments. Recent 2013 renovations include complete restoration of building interior, hardwood flooring throughout, new kitchens, stainless appliances, quartz countertops, in-unit washer/dryer, new bathrooms, new HVAC in most units, new roof system and windows throughout. Separately metered electric.

Situated in the gallery district of Dupont Circle, minute's walk from the Red Line, restaurants, shops, amenities, and employment centers. Request confidentiality agreement for detailed offering.

SVN Wright Commercial
Chandra Wright
(240) 750-6660

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