1324 North Capitol St Nw Washington, DC 20002
Newly constructed, fully furnished 67-unit building with flexible usage options.
Property Features for 1324 North Capitol St Nw
General Information
- Standard status
- Active
Building Details
- Year built
- 2024
Source:
Corcoran
Listing Agent: Natalie E Hasny
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Luxury Multifamily Building with Options
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Short term rental ...
Map
- City
- Washington
- County
- District of Columbia
- State
- DC
- Longitude
- -77.0093644
- Latitude
- 38.9080947
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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 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.