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    2023 Benning Rd NE Washington, DC 20002

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    For Sale
    $1,595,000

    5,665 SF parcel zoned MU-5A(IZ+) for multifamily development.

    Lot size:
    0.13 Acres

    Property Features for 2023 Benning Rd NE

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1927

    Source: Better Homes and Gardens Real Estate Premier Agent Tammy L Locher

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

    Overview

    Multifamily Development Opportunity Near Metro

    This 5,665 square foot parcel presents a multifamily development opportunity. Zoned MU-5A(IZ+), the property allows for a 4.2 FAR, a 70-foot height, and 80% lot occupancy by right. The owner is in the late stages of the permitting process to have the property raised. The location is less than a mile from the Metro and within walking distance of numerous restaurants and shops.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Washington
    County
    District of Columbia
    State
    DC
    Longitude
    -76.9746789
    Latitude
    38.8983797

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    FAQs

    What type of property is this?
    Commercial land - 5,665 SF parcel zoned MU-5A(IZ+) for multifamily development.
    Where is this commercial land located?
    The property is located at 2023 Benning Rd NE Washington, DC.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: - Multifamily development opportunity with MU-5A(IZ+) zoning.; - Zoning allows for **4.2 FAR, 70' height, and 80% lot occupancy by right.**; - Located less than a mile from Metro.
    (703) 203-0652
    Request Owner's contact information
    2023 Benning Rd NE Washington, DC 20002
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    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
    2023 Benning Rd NE Washington, DC 20002
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