323 Maryland Ave NE - Apartments FOR SALE


Washington, DC 20002- Capitol Hill
$2,395,000 USD
202-263-9200
323 Maryland Ave NE, Washington, DC for Sale
$2,395,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

323 Maryland Ave NE
Washington, DC 20002
Capitol Hill


HIGHLIGHTS

  • Capitol Hill Historic District
  • Convenient access to Metro

OVERVIEW

Ideally located in the heart of Capitol Hill, 323 Maryland Avenue NE presents a rare opportunity to acquire a nearly 4,500 square foot residential building comprised of six separately titled condominium units. The unit mix includes four one-bedroom residences and two studio apartments, offering a flexible and well-balanced configuration for investors. Offered for sale as one complete building, the property is a contributing structure within the Capitol Hill Historic District, with its exterior preserved in accordance with historic guidelines while allowing for thoughtful updates within. Originally constructed circa 1900, the building reflects the late 19th-century architecture that defines the character of the neighborhood. The three-story plus basement masonry structure is built of red pressed brick, a hallmark of high-quality construction of the era, and retains its classic vertical proportions, large windows, and decorative cornices influenced by Italianate and Queen Anne design. Historically, homes on this block were occupied by professionals connected to the nearby U.S. Capitol, a legacy that continues today given the property’s exceptional location just moments from the Capitol, Supreme Court, and House and Senate Office Buildings. Just a few blocks from Union Station, the property also offers convenient access to Metro, shopping, dining, and regional transportation. A compelling combination of scale, historic character, and premier location, 323 Maryland Avenue NE represents a unique opportunity to own a significant Capitol Hill asset.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$399 USD /SF

# OF UNITS

7

PRICE/UNIT

$342,143

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.01 AC

LAND SF

285 SF

ZONING

RF1

APN/PARCEL ID

0784-2006,0784-2007,0784-2008,0784-2009,0784-2010,0784-2011

ASK ABOUT THIS PROPERTY

Brent JacksonTTR Sotheby's International RealtyMore Info
202-263-9200

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Brent JacksonTTR Sotheby's International RealtyMore Info
202-263-9200

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