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Mixed-Use Development Opportunity
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1023 Bladensburg Road Northeast, Washington, DC 20002

Planned 30-unit multifamily project with two ground-floor retail spaces, sold with a complete set of approved plans.

Property SizeContact for details
Days on Market100

Property Features for 1023 Bladensburg Road Northeast

General Information

Standard status Active
Property subtype Land
Zoning MU-4

Additional Details

Multifamily Units 30
Listing Agency: Feldman Ruel
Listed By: Ian Ruel · License #DC BR200201389
Source: Crexi
Added: May 6 Changed: Aug 8 Last Checked: Aug 12 at 9:19AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Feldman Ruel

Investment Insights

Based on property information with market context.

Feldman Ruel presents an opportunity to acquire 1023 Bladensburg Road NE, a multifamily/mixed-use development site designed for 30 multifamily units with two ground-floor retail spaces. The offering includes a complete set of previously approved plans prepared by Urban Design Group LLC. At closing, the plans provide a defined path forward for development, though the approvals have lapsed.

The property is located in the Carver-Langston neighborhood of Washington, D.C. and is positioned as a combined residential and retail project based on the previously approved design.

This sale is for a development opportunity supported by the existing approved plan set, with the property’s intended build-out consisting of 30 residential units and two ground-level retail spaces.

Key Highlights

  • Planned 30‑unit multifamily development
  • Includes two ground‑floor retail spaces
  • Sold with a complete set of previously approved plans prepared by Urban Design Group LLC

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm HVAC Service (Bike/Boat/Book/etc) Store Nursing Home Skin Care Clinic Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

30
Residential units

Location Intelligence

Trade Area within ½ mile

1,381
Businesses Nearby

Demographics for 20002, DC

69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Planned 30-unit multifamily project with two ground-floor retail spaces, sold with a complete set of approved plans.
Where is this apartment building located?
The property is located at 1023 Bladensburg Road Northeast Washington, DC.
What are key features of this property?
This property features: Planned 30‑unit multifamily development; Includes two ground‑floor retail spaces; Sold with a complete set of previously approved plans prepared by Urban Design Group LLC
More about this property
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