1907-1915 I St NE - Apartments FOR SALE


Washington, DC 20002- Langston
$6,500,000 USD
202-536-3738
1907-1915 I St NE, Washington, DC for Sale
$6,500,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

1907-1915 I St NE
Washington, DC 20002
Langston


HIGHLIGHTS

  • Fully Renovated & Vacant Multifamily Condominium Units
  • Attractive Unit Mix | 6 - 3BR/3BA & 6 - 4BR/2 Full & 2 Half BA
  • 3BR & 4BR HCVP Rents Exceed $5,000 per Month
  • Purchaser May Qualify for up to $6,500,000 of Opportunity Zone Equity

OVERVIEW

Feldman Ruel is pleased to offer for sale 1907–1915 I Street NE, a newly constructed 12-unit multifamily building totaling 17,694 square feet on a 6,912-square-foot lot with RA-2 zoning in the Trinidad neighborhood of Washington, D.C. The subject property offers a unique unit mix of six four-bedroom units and six three-bedroom units, each finished to a condominium-level standard with modern systems. Delivered vacant and legally structured as individual condominiums, the building provides immediate investor flexibility—whether held for rental income, stabilized and refinanced, or repositioned for condo sales. Located in a designated Opportunity Zone, 1907–1915 I Street NE benefits from enhanced tax incentives under the Tax Cuts and Jobs Act of 2017, including indefinite deferral of eligible capital gains and full exclusion of post-investment gains after a ten-year hold. Exempt from Washington D.C.’s Tenant Opportunity to Purchase Act (TOPA), investors can pursue a streamlined acquisition process without tenant expenses or delays. With no near-term capital expenditure needs, the property is turnkey, allowing immediate focus on lease-up and value creation in one of Washington, D.C.’s stable and growing submarkets.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$367 USD /SF

# OF UNITS

12

PRICE/UNIT

$541,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1907, 1911, 1915 I Street NE

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1942

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RA-2

APN/PARCEL ID

4495-0083,4495-0084,4495-0085

ASK ABOUT THIS PROPERTY

Christopher ChadwickFeldman RuelMore Info
202-536-3738

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Christopher ChadwickFeldman RuelMore Info
202-536-3738

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