Building Details

Year Built 1925

Listing Agency: EQUILIBRIUM REALTY, LLC t**@equilibriumrealty.com Show Phone

Listed By: Shanu T Okwesa Show Phone

Source: Elliman

Added: Mar 12 Changed: Jul 6 Last Checked: Jul 30 at 9:51AM

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Investment Insights

Based on property information with market context.

This is a 9-unit apartment building with plans and permits for reconfiguration into 10 units, including a basement buildout. Construction is 50% complete. The upper level is fully renovated. The main level is 50% complete, and the basement is ready for construction. This property is located in 16th St Heights, a residential community bordering Rock Creek Park, known for stately homes on large lots. Deliver terms are fully negotiable. The property can be purchased as-is for a reduced price.

Key Highlights

• Rare opportunity: Large, fully vacant multi‑family building in desirable 16th St Heights.
• Approved plans and permits for reconfiguration from 9 to 10 units, including basement buildout.
• Construction is 50% complete, upper level fully renovated.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Spa & Massage Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,571

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - 9-unit apartment building with permits for 10 units.

Where is this apartment building located?

The property is located at 4524 IOWA Ave NW Washington, DC.

What is the asking price?

The asking price for this property is $3,035,000.

What are key features of this property?

This property features: Rare opportunity: Large, fully vacant multi‑family building in desirable 16th St Heights.; Approved plans and permits for reconfiguration from 9 to 10 units, including basement buildout.; Construction is 50% complete, upper level fully renovated.