1613 Lincoln Rd NE - Apartments FOR SALE


Washington, DC 20002- NoMa
$1,650,000 USD
202-318-6800
1613 Lincoln Rd NE, Washington, DC for Sale
$1,650,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1613 Lincoln Rd NE
Washington, DC 20002
NoMa


HIGHLIGHTS

  • • Interior Renovation Project | Limited Construction Scope
  • • Conveys with Building Permit
  • • 3 1BR/1BA + Den, 3 2BR/1BA Units | No IZ
  • • Strong Condominium Market | Nearby Projects Achieving $600+ PSF
  • • Proximate to Public Transportation | Located 0.7 Miles from the NoMa-Gallaudet Metro Station

OVERVIEW

Feldman Ruel is pleased to offer for sale 1613 Lincoln Road NE, a multifamily project located in the rapidly evolving neighborhood of Eckington in Washington, D.C. As there is an existing building in shell condition, the scope of the project is limited only to an interior renovation, expediting the construction timeline and reducing the risk present in other projects where additional density is being added. Entitlement risk has also been drastically reduced, as ownership has a building permit in-hand which will convey to the purchaser. The project is situated on a corner parcel, providing the new units with plenty of windows and natural light. With a thoughtful mix of 1BR/1BA + Den and 2BR/1BA units, and a rapidly developing surrounding neighborhood, 1613 Lincoln Road NE is an excellent opportunity for a developer looking for a straightforward project with quick turnaround.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$411 USD /SF

# OF UNITS

6

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,223 SF

ZONING

MU-4

APN/PARCEL ID

3520-0031

ASK ABOUT THIS PROPERTY

Ian RuelFeldman RuelMore Info
202-318-6800

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Ian RuelFeldman RuelMore Info
202-318-6800

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