Mixed-Use Building with Leased
For Sale
Contact for pricing
2705 Rhode Island Ave NE, Washington, DC 20018
43 residential condo units plus two commercial condo suites recently leased on a 10-year NNN term.
Property Size43,264 SF
Lot Size0.25 Acres
Days on Market136
Property Features for 2705 Rhode Island Ave NE
General Information
Standard status
Active
Size
43,264 SF
Total Parking Spaces
8
Lot size
0.25 Acres
Property subtype
Mixed Use, Multifamily, Retail
Additional Details
Multifamily Units
43
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Washington, D.C.
(202) 536-3742
Listed By:
Lorenzo Wooten, Jr. CCIM · License #MD 629911
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 7:10AM
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 Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
The Heritage DC is a mixed-use condo building offering 43 residential units and 2 commercial condo units. The residential mix includes 20 one-bedroom/one-bath units, 2 one-bedroom/2 den/3 bath units, 17 two-bedroom/2 bath units, and 4 two-bedroom/2 bath penthouse units. The property includes two 2,300-square-foot commercial condo suites that were recently leased with a ten-year term on an NNN lease, with leasing for the commercial space beginning August 2022.
The building is being delivered TOPA free until November 2022. Residential amenities include in-home laundry, balcony units (15), floor-to-ceiling windows, intercom systems for each unit, off-street parking (8), and a 24-hour security system. Community features include an off-street-located lobby area and a green roof. Located on a major commuter corridor within the Rhode Island corridor, the property is within about 1.5 miles of Dakota Crossing, The Shops at Rhode Island Avenue, and other new retail and mixed-use development.
The building is being delivered TOPA free until November 2022. Residential amenities include in-home laundry, balcony units (15), floor-to-ceiling windows, intercom systems for each unit, off-street parking (8), and a 24-hour security system. Community features include an off-street-located lobby area and a green roof. Located on a major commuter corridor within the Rhode Island corridor, the property is within about 1.5 miles of Dakota Crossing, The Shops at Rhode Island Avenue, and other new retail and mixed-use development.
Key Highlights
- The Heritage DC mix‑use building with 43 residential condo units and 2 commercial condo units at 2027 Rhode Island NE, Washington DC 20018.
- 43,264 SF of gross rentable area on a 0.25‑acre parcel.
- Unit mix includes 20 one‑bed/one‑bath, 2 one‑bed/2 den/3 bath, 17 two‑bed/2 bath, and 4 two‑bed/2 bath penthouse units.
Property Analytics
Current Use
Lease Details
43
Residential units
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Apartment building - 43 residential condo units plus two commercial condo suites recently leased on a 10-year NNN term.
Where is this apartment building located?
The property is located at 2705 Rhode Island Ave NE Washington, DC.
What are key features of this property?
This property features: The Heritage DC mix‑use building with 43 residential condo units and 2 commercial condo units at 2027 Rhode Island NE, Washington DC 20018.; 43,264 SF of gross rentable area on a 0.25‑acre parcel.; Unit mix includes 20 one‑bed/one‑bath, 2 one‑bed/2 den/3 bath, 17 two‑bed/2 bath, and 4 two‑bed/2 bath penthouse units.
