Luxury Multifamily Building with
1324 N North Capitol St Nw Washington, DC 20002
1324 N North Capitol St Nw, Washington, DC, 20002
$27,500,000
For Sale
$27,500,000
Newly constructed, fully furnished 67-unit building with flexible usage options.
Days on Market414
Property Features for 1324 N North Capitol St Nw
General Information
- Standard status
- Active
Building Details
- Year Built
- 2024
Listing Agency
CAPITAL RESIDENTIAL PROPERTIES
(703) 243-3004
Listed by
NATALIE E HASNY
Source
Corcoran
Added: Jun 2, 2025 Updated: Mar 16 at 9:09 am Checked: Mar 16 at 9:09 am
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 CAPITAL RESIDENTIAL PROPERTIES
Investment Insights
Based on property information with market context.
The property at 1324 North Capitol Street NW is a newly constructed 67-unit luxury multi-family building, completed in 2024. It is currently operating as a fully furnished, high-performing short-term rental under the “Reside, a Wyndham Residence” brand. Zoned MU-5A, the property can be transferred as a fully stabilized asset or vacant. TOPA does not apply. This asset offers maximum optionality in terms of future use, including continued hospitality use under Wyndham (or other Short-Term Rental operator), a traditional multi-family property, a corporate housing asset (includes all FFE), or conversion and sale as luxury condominiums. The property conveys turnkey with condo-level finishes, fully furnished units (FFE included), and rental revenue, all of which provide a built-in cash flow. This asset is ideal for a family office investment, institutional buyers, 1031 exchange investors, and foreign capital seeking proven results in a Washington DC location, flexibility of use, and long-term upside.
Key Highlights
- Newly constructed (2024) 67‑unit luxury multi‑family building.
- Currently operating as a high‑performing, fully furnished short‑term rental under the "Reside, a Wyndham Residence" brand, providing built‑in cash flow.
- Offers maximum optionality for future use: hospitality, multi‑family, corporate housing, or luxury condominiums.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Placemakr NoMa
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Newly constructed, fully furnished 67-unit building with flexible usage options.
Where is this apartment building located?
The property is located at 1324 N North Capitol St Nw Washington, DC.
What is the asking price?
The asking price for this property is $27,500,000.
What are key features of this property?
This property features: Newly constructed (2024) 67‑unit luxury multi‑family building.; Currently operating as a high‑performing, fully furnished short‑term rental under the "Reside, a Wyndham Residence" brand, providing built‑in cash flow.; Offers maximum optionality for future use: hospitality, multi‑family, corporate housing, or luxury condominiums.
