1938 I St NE - Apartments FOR SALE


Washington, DC 20002- Langston
$950,000 USD
202-552-5600
1938 I St NE, Washington, DC for Sale
$950,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

1938 I St NE
Washington, DC 20002
Langston


HIGHLIGHTS

  • 10-Unit Permit-Approved Condo Development
  • No TOPA
  • Plans Approved.
  • Permits in Hand

OVERVIEW

Not every property earns a name. This one demanded it. The Eastlight | 10-Unit Permit-Approved Condo Development | H Street NE Corridor | No TOPA. Plans Approved. Permits in Hand. Introducing The Eastlight, a fully permitted, architecturally envisioned 10-unit condo development poised to rise in the heart of Northeast DC’s most radiant corridor. Just off H Street, where grit meets growth, this project is more than shovel-ready, it’s strategically illuminated for action. No TOPA. Plans Approved. Permit in Hand. A rare opportunity to bypass 9–12 months of entitlement risk and begin construction from day one. With zoning and design by acclaimed firm 2Plys Architecture, The Eastlight has been curated for efficient execution and bold returns. The design spans cellar to penthouse, incorporating both modern lifestyle sensibilities and resale-ready layouts: (2) Expansive three-bedroom penthouses across the top two levels (6) Intelligently sized two-bedroom units (2) Boutique one-bedroom flats (2) On-site parking spaces Total gross area: 7,414 SF | Net living: 5,862 SF Projected construction costs are estimated between $1.2M–$1.5M, with potential resale in the $3.4M–$3.9M range. For investors prioritizing velocity and certainty, The Eastlight delivers clarity: permit status, architectural reputation, and market-aligned comps are all built in.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

10

PRICE/UNIT

$95,000

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Eastlight

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,471 SF

ZONING

RA-2

APN/PARCEL ID

4477-0022

ASK ABOUT THIS PROPERTY

Marc CashinCorcoran McEnearneyMore Info
202-552-5600

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Marc CashinCorcoran McEnearneyMore Info
202-552-5600

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