202-536-3788
101-103 G St SW, Washington, DC for Sale
Apartments - FOR SALE
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101-103 G St SW
Washington, DC 20024
Southwest DC


HIGHLIGHTS

  • TOPA-Clear
  • A 648 unit apartment community within walking distance of the Wharf, Nationals Park, Audi Field, The Yards, Buzzard Point, and more
  • 910,587 buildable by-right FAR
  • Transit-oriented location with four Metro stops within walking distance
  • Located in an investment and development hub
  • Walking distance from Whole Foods

OVERVIEW

A 648-UNIT APARTMENT COMMUNITY WITHIN WALKING DISTANCE OF THE WHARF, NATIONALS PARK, AUDI FIELD, THE YARDS, BUZZARD POINT, AND MORE The Zupancic Group of Marcus & Millichap is pleased to present the rare opportunity to acquire Capitol Park Plaza & Twins, a three-property, ninestory, 648-unit apartment community within easy walking distance of The Wharf, Nationals Park, Audi Field, the Yards Development, and much more. The asset is being delivered TOPA - Clear, enabling a quick close and avoiding the delays and complexities typically associated in the process. The properties provide breathtaking views of DC area attractions, including the monuments, Nationals Park, the Capitol, and others. Initially designed by Architect Chloethiel Woodard Smith in 1959, Capitol Park Plaza and Twins were completed in 1965. THE LOCATION Capitol Park Plaza & Twins provides residents unparalleled access to the best of the Southwest Waterfront and Navy Yard's countless restaurants, retail, nightlife, and entertainment, all within a short walk. Thanks to recent developments, the area offers some of the most diverse amenities of any neighborhood in Washington, DC. Tenants enjoy convenient access to four metro stops within a one-mile radius, including Waterfront-SEU Station, Navy Yard Station, Federal Center Station, and L'Enfant Plaza Station. Tenants also enjoy an 11-minute drive to National Airport, an 8-minute drive to Union Station, and a 3-minute drive to Downtown Washington, DC. Capitol Park Plaza & Twins benefits significantly from direct exposure to some of the most significant waterfront developments in the United States. THE OPPORTUNITY Capitol Park Plaza & Twins offers an investor the opportunity to acquire a prominent multifamily asset of scale in an area that is rapidly transforming into one of the premier waterfront submarkets in the country, driven by large-scale development projects, including the Wharf, the Yards, and Buzzard Point. Capitol Park Plaza was rehabilitated in 2002 using 4% rehabilitation Low Income Housing Tax Credits (LIHTC) and was placed in service in 2004. The extended use period for Capitol Park Plaza & Twins expires in 2034, providing an investor with an opportunity to reposition, redevelop, or dispose of the asset at expiration. As a result of the property's superb location and immense size, investors have a rare opportunity to make a large-scale acquisition for the future with 910,507 of buildable (FAR) square feet by-right, while preserving affordable housing in the short term.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

648

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Capitol Park Plaza & Twins

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

9

YEAR BUILT

1965

PARKING SPACES

400

LAND DETAILS

LAND ACRES

3.77 AC

LAND SF

164,378 SF

ZONING

RA3

APN/PARCEL ID

0540-0000-0109,0540-0118

ASK ABOUT THIS PROPERTY

Marty ZupancicMarcus & MillichapMore Info
202-536-3788

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Marty ZupancicMarcus & MillichapMore Info
202-536-3788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.