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    1613 Lincoln Rd NE Washington, DC 20002

    For Sale
    $1,650,000

    Shovel-ready 6-unit multifamily development in thriving Eckington.

    Lot size:
    0.05 Acres

    Property Features for 1613 Lincoln Rd NE

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1905

    Source: Fairfax Realty of Tysons Agent Lala Ragimov

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Permit-Ready Multifamily Development Opportunity

    This shovel-ready 6-unit multifamily development is located in the thriving Eckington neighborhood. The grand corner building, zoned MU-4, will be conveyed with approved plans and permits at closing, streamlining the path to development. Positioned at the rapidly transforming intersection of North Capitol St. and Florida Ave, this project offers an efficient and cost-effective renovation scope, with interior-only renovations and no additions or underpinning required, reducing both construction costs and complexity. The MU-4 zoning supports multifamily development and allows for short-term rentals, maximizing investment potential. This is an exceptional opportunity for investors and developers looking for a well-located, permit-ready project with minimized development hurdles.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Washington
    County
    District of Columbia
    State
    DC
    Longitude
    -77.008654
    Latitude
    38.9116562

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    FAQs

    What type of property is this?
    Apartment building - Shovel-ready 6-unit multifamily development in thriving Eckington.
    Where is this apartment building located?
    The property is located at 1613 Lincoln Rd NE Washington, DC.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Shovel-ready 6-unit multifamily development with approved plans and permits.; - MU-4 zoning allows for multifamily development and short-term rentals.; - Efficient and cost-effective renovation scope: interior-only renovations.
    (703) 477-0510
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    1613 Lincoln Rd NE 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
    1613 Lincoln Rd NE Washington, DC 20002
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