Views
Address
311 East Capitol SE, Washington, DC
Price
$ 2,950,000
Property Attributes
- MLS#DCDC2130534
- TypePending
- CountyWASHINGTON
- CityWashington
- NeighborhoodCapitol Hill
- Zip20003
- StyleApartment Building
- Price$ 2,950,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8600
- Lot Size2,614 SqFt
Data Source:
Bright MLS
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 stones 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.
| Price History | |
|---|---|
| 2/29/2024 | Listed $2,950,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard - Electric,Radiator,Forced Air |
| Cooling | Window Unit(s),Central A/C |
| Utilities | Electric Available,Natural Gas Available,Sewer Available,Water Available |
| Possession | Immediate,Negotiable,Settlement |
| Roof | Flat,Built-Up,Asphalt |
| Zoning | RF-1/CAP |
| Construction Materials | Brick |
| Year Built | 1878 |
| View | City,Street,Other |
| Property SubType | Five Or More Units |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Apartment Building |
| Accessibility | None |
| County | WASHINGTON |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | CAPITOL HILL |
| Possible Use | Apartment Building,Development,Flex Space,Special Purpose,Residential,Multi-Family,Investment,Institutional |
| Water Access Y/N | No |
| Property Use | Investment |
| Transportation | Airport less than 10 miles,Bus Stop less than 1 mile,Metro/Subway Station less than 1 mile,Commuter Rail Station less than 1 mile |
| Status | PENDING |
| Directions | 311 East Capitol Street SE is on the south side of East Capitol Street between 3rd and 4th Streets SE. |
| ModificationTimestamp | 2024-04-19T02:03:31 |
| City | WASHINGTON |
| Buyer Agent Compensation | 3 |
| Disclosures | Exempt - Disclosure/Disclaimer,Lead Based Paint - Federal,Lead Based Paint - State,Use and Occupancy Permit |
| Zoning Description | See DC Zoning Guidelines - This property is in RF-1 with a Capitol Hill Historic overlay. |
| Total Units | 13 |
| Lot Size Square Feet | 2470.00 |
| Tax Assessed Value | 3628270.0 |
| Waterfront Y/N | No |
| Street Name | EAST CAPITOL |
| Tax Annual Amount | 0.0 |
| Property Condition | Below Average |
| Price Per Sq Ft | 352.87 |
| Acceptable Financing | Cash,Conventional,Bank Portfolio,Private,Other,FNMA,FHLMC |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 24 |
| Location Type | Urban |
| Builder Name | Little |
| Standard Status | Pending |
| Year Built Source | Estimated |
| Legal Subdivision | Capitol Hill |
| Tax Lot | 814 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas,Electric |
|---|---|
| Hot Water | Natural Gas |
| Total Stories | 4 |
| Heating Y/N | Yes |
| Central Air Y/N | Yes |
| Entry Level | 2 |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | None |
| Foundation Details | Brick/Mortar |
| Water View Y/N | No |
| Building Area Total | 8360.00 |
| Lot Size Acres | 0.06 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Other Equipment | None |
| Soil Types | Urban Land Not Rated |
| Land Assessed Value | 735220.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Fencing Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 20003
Price
Visits
Year Built
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