Washington, DC 20003,311 EAST CAPITOL SE
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Washington, DC 20003,311 EAST CAPITOL SE
Washington, DC 20003,311 EAST CAPITOL SE
Washington, DC 20003,311 EAST CAPITOL SE
Washington, DC 20003,311 EAST CAPITOL SE

$3,000,000

Est. payment /mo

$2,950,000

1.7%
Est.Price: ?

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311 EAST CAPITOL SE Washington, DC 20003

8,360 SqFt

SOLD DATE : 06/14/2024

Key Details

Sold Price $3,000,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 8,360 sqft

Price per Sqft $358

Subdivision Capitol Hill

MLS Listing ID DCDC2130534

Sold Date 06/14/24

Originating Board BRIGHT

Year Built 1878

Tax Year 2022

Lot Size 2,470 Sqft

Acres 0.06

Property Description

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.

Location

State DC

County Washington

Zoning RF-1/CAP

Interior

Hot Water Natural Gas

Heating Baseboard - Electric, Radiator, Forced Air

Cooling Window Unit(s), Central A/C

Equipment None

Heat Source Natural Gas, Electric

Exterior

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

Water Access N

View City, Street, Other

Roof Type Flat,Built-Up,Asphalt

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 0787//0814

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, Bank Portfolio, Private, Other, FNMA, FHLMC

Listing Terms Cash, Conventional, Bank Portfolio, Private, Other, FNMA, FHLMC

Financing Cash,Conventional,Bank Portfolio,Private,Other,FNMA,FHLMC

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Nathan J Guggenheim • Washington Fine Properties, LLC
Bought with Tim Barley • Barley & Barley Real Estate

Talithia Morris

Agent | License ID: 0225226152

+1(703) 344-6762

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