Development Opportunity on Rhode
For Sale
$1,959,000
3131 Rhode Island Avenue NE, Washington, DC 20018
Corner lot ideal for multifamily apartment use near Maryland.
Property SizeContact for details
Days on Market549
Property Features for 3131 Rhode Island Avenue NE
General Information
Standard status
Active
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1977
Listing Agency:
Crown Realty International Ltd
Listed By:
Samuel Jobi · License #522171
(301) 537-7665
Source:
Deepcreeklake
Added: Mar 7, 2025
Changed: Sep 7
Last Checked: Sep 7 at 12:00PM
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 Crown Realty International Ltd
Investment Insights
Based on property information with market context.
This property, located at the corner of Eastern Avenue and Rhode Island Avenue NE, sits on the boundary line between Washington DC and Maryland. According to provided schematic plans, the site presents a development opportunity in an area with ongoing developments. Situated on the main street of Rhode Island Avenue, the property is suited for multifamily apartment use. The location was formerly a restaurant. Prospective buyers are advised to conduct their own due diligence.
Key Highlights
- Ideal for multifamily apartment development.
- Located on the main street of Rhode Island Avenue.
- Corner lot at the intersection of Eastern Ave and Rhode Island Ave NE.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 20018, DC
20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Corner lot ideal for multifamily apartment use near Maryland.
Where is this apartment building located?
The property is located at 3131 Rhode Island Avenue NE Washington, DC.
What is the asking price?
The asking price for this property is $1,959,000.
What are key features of this property?
This property features: Ideal for multifamily apartment development.; Located on the main street of Rhode Island Avenue.; Corner lot at the intersection of Eastern Ave and Rhode Island Ave NE.**
