Petworth Rehab Opportunity Zone
For Sale
$895,000
523 KENNEDY St NW, Washington, DC 20011
MU-4 zoned property with approved permits for 7 units.
Lot Size0.06 Acres
Days on Market244
Property Features for 523 KENNEDY St NW
General Information
Standard status
Active
Lot size
0.06 Acres
Property subtype
Other
Building Details
Year Built
1923
Listing Agency:
EQUILIBRIUM REALTY, LLC
(202) 788-6049
Listed By:
Shanu T Okwesa
(202) 788-6049
Source:
Elliman
Added: Nov 28, 2025
Changed: Jul 6
Last Checked: Jul 29 at 1:31PM
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 EQUILIBRIUM REALTY, LLC
Investment Insights
Based on property information with market context.
This property, located in an Opportunity Zone on Kennedy Street Corridor in Petworth, is zoned MU-4. It will be delivered with stamped plans and approved permits for a 7-unit buildout, suitable for condo conversion. The approved plans detail a 5-level luxury building plus penthouse, including four 1-bedroom/1-bathroom units, one 2-level 1-bedroom/2-bathroom unit with den and loft, one 2-level 2-bedroom/2-bathroom unit, and one 2-level 3-bedroom/2.5-bathroom unit.
Key Highlights
- Approved permits and stamped plans for a 7‑unit buildout are included.
- Located in a designated Opportunity Zone.
- Zoned MU‑4, allowing for a variety of uses.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,635
Businesses Nearby
Explore this area
Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
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?
Commercial land - MU-4 zoned property with approved permits for 7 units.
Where is this commercial land located?
The property is located at 523 KENNEDY St NW Washington, DC.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Approved permits and stamped plans for a 7‑unit buildout are included.; Located in a designated Opportunity Zone.; Zoned MU‑4, allowing for a variety of uses.
