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    2005 M St Washington, DC 20002

    Sponsored
    For Sale
    $2,500,000

    Shovel-ready, prime location, high ROI potential.

    Property size:
    3,040 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    344
    This exceptional development opportunity presents a rare chance to acquire a fully entitled, shovel-ready 29-unit multifamily project situated at 2005-2009 M Street NE, Washington, DC. The property boasts a generous 19,367 square feet of buildable space on a 0.07-acre lot. All necessary entitlements are in place, allowing for immediate commencement of construction. The meticulously designed and value-engineered plans ensure maximum efficiency and profitability. This prime location offers unparalleled convenience, situated directly across from the National Arboretum in the rapidly developing Trinidad/Carver Langston neighborhood. Residents will enjoy easy access to the vibrant H Street corridor, known for its diverse culinary scene, entertainment options, and thriving cultural atmosphere. The existing 3,040 square foot structure provides a solid foundation for this exciting venture. With its strategic location and comprehensive approvals, this project represents a compelling investment opportunity with significant potential for substantial returns. The property is offered at $2,500,000, presenting a compelling value proposition in the current market. This is a turnkey opportunity for an experienced developer seeking a high-impact project in a rapidly appreciating area of Washington, D.C.

    Property Features for 2005 M St

    General Information

    Property type
    Residential income properties
    Square Feet
    3,040 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1943
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -76.97479
    Latitude
    38.9054

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    FAQs

    What type of property is this?
    Residential income property - Shovel-ready, prime location, high ROI potential.
    Where is this residential income property located?
    The property is located at 2005 M St Washington, DC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    (240) 478-1877
    Request Owner's contact information
    2005 M St Washington, DC 20002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2005 M St Washington, DC 20002
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