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311 East Capitol Se,

WASHINGTON, DC

$2,950,000

8,600 Sqft

0.06 Acres

We are pleased to present 311 East Capitol Street, SE, a four-level, 13-unit property in RF-1/CAP Zoning. The current configuration, layout, and condition offer an investor myriad options to reposition the asset in the marketplace. The property is nestled on one of the most coveted blocks on Capitol Hill, as it is situated a stone’s throw from the United States Capitol, both the Senate and House of Representative Office Buildings (Hart, Russell and Dirksen, and Cannon, Longworth and Rayburn), The Folger Shakespeare Library, The Supreme Court, The Library of Congress, countless association headquarters, and vast restaurant and retail options. As a TOPA free asset, the property presents investors with an immediate opportunity to acquire a grandfathered-use, multi-family property for occupancy upon acquisition, redevelopment as a mid-level or luxury rental, or a condominium project. A present estimate of HCVP Rents for the current configuration, if fully leased is $31,930/mo (estimated). A preliminary zoning opinion (available upon request) has confirmed that the unit make-up could be modified to decrease density.

Facts & Features

MLS® # DCDC2130534

Price $2,950,000

Bathrooms 0.00

Square Footage 8,600

Acres 0.06

Year Built 1878

Type Commercial Sale

Sub-Type Five Or More Units

Status Pending

Community Information

Address 311 East Capitol Se

Subdivision CAPITOL HILL

City WASHINGTON

County WASHINGTON-DC

State DC

Zip Code 20003

Amenities

Utilities Electric Available, Natural Gas Available, Sewer Available, Water Available

View City, Street, Other

Is Waterfront No

Interior

Heating Radiator, Forced Air, Baseboard - Electric

Cooling Window Unit(s), Central A/C

Has Basement No

Fireplace No

# of Stories 4

Exterior

Exterior Brick and Siding

Roof Flat, Asphalt, Built-Up

Foundation Brick/Mortar

School Information

District DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Additional Information

Date Listed February 29th, 2024

Days on Market 24

Zoning RF-1/CAP

Foreclosure No

Short Sale No

RE / Bank Owned No

Listing Details

Office Washington Fine Properties, LLC

Richard Budden

Cell: (443) 480-1181

Print Contact Agent

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Listing information last updated on May 5th, 2024 at 4:30pm EDT.

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311 East Capitol Se,

$2,950,000

Richard Budden