Luxury Multifamily Building with
For Sale
$27,500,000
1324 N North Capitol St Nw, Washington, DC 20002
Newly constructed, fully furnished 67-unit building with flexible usage options.
Property SizeContact for details
Days on Market465
Property Features for 1324 N North Capitol St Nw
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$18,424
Building Details
Year Built
2024
Listing Agency:
CAPITAL RESIDENTIAL PROPERTIES
Listed By:
NATALIE E HASNY
(703) 243-3004
Source:
Corcoran
Added: Jun 2, 2025
Changed: Mar 16
Last Checked: Apr 24 at 5:48PM
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
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Current Use
Location Intelligence
Trade Area within ½ mile
4,753
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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.
