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311 East Capitol SeWashington, DC 20003MLS Number DCDC2130534

  • Price: $2,950,000
  • 88 Days on Market
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Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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Pending
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  • 0.06Acreage
  • 1878Year Built
  • UrbanLocationType
  • 353Price Per Square Foot
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.
Listed by Nathan J Guggenheim, Washington Fine Properties,LLC

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Yeonas & Shafran Real Estate, LLC
Yeonas & Shafran Real Estate, LLC
Office: 703-790-3330
1309 Vincent Pl
McLean, VA 22101

More Info

Location Information

  • UsmAreaWashington

Parking

  • Parking TypesNone

Basic Information

  • Date Listed02/29/2024

Location

  • Address311 East Capitol Se
  • Building Number311
  • CountyWashington
  • Directions311 East Capitol Street SE is on the south side of East Capitol Street between 3rd and 4th Streets SE.
  • In City Limits YNYes
  • StateDC
  • SubdivisionCapitol Hill
  • TownWashington
  • Zip20003

Exterior

  • RoofFlat, Built-Up, Asphalt

Basic Information

  • Broker NameWashington Fine Properties, LLC
  • List Price$2,950,000
  • LocationTypeUrban
  • MLS NumberDCDC2130534
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot353
  • StatusPEN
  • Units13

Building

  • Builder NameLittle
  • Building Area SourceAssessor
  • Building Area Total8360
  • Construction MaterialsBrick
  • Entry Level2
  • FoundationBrick/Mortar
  • Stories4
  • Year Built1878

Utilities

  • Central Air YNYes
  • CoolingWindow Unit(s), Central A/C
  • Cooling FuelElectric
  • Heat SystemBaseboard - Electric, Radiator, Forced Air
  • Heating FuelNatural Gas, Electric
  • Heating YNYes
  • SewerPublic Sewer
  • UtilitiesElectric Available, Natural Gas Available, Sewer Available, Water Available
  • Water HeaterNatural Gas
  • Water SourcePublic

Tax Information

  • Assessment Year2022
  • City Town Tax Payment FrequencyAnnually
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount$3,628,270
  • Tax Lot814
  • Tax Year2022
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage0.06
  • Business TypeApartment Building
  • Lot Size SourceAssessor
  • Lot Size Square Feet2,470
  • New Construction YNN
  • Property ConditionBelow Average
  • Property SubTypeFive Or More Units
  • ZoningRF-1/CAP
  • Zoning DescriptionSee DC Zoning Guidelines - This property is in RF-1 with a Capitol Hill Historic overlay.

Other

  • Other EquipmentNone
  • Soil TypesUrban Land Not Rated
  • View Count1

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Copyright 2024 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Yeonas & Shafran Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated May 26, 2024. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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