Entitled Multifamily Development
For Sale
$750,000
1615 22nd St SE, Washington, DC 20020
Fully entitled site with approved permits for a 40-unit apartment development.
Property SizeContact for details
Days on Market8
Property Features for 1615 22nd St SE
General Information
Standard status
Active
Property subtype
Multi-Family
Amenities
Auction - Sep 22-24 | Starting Bid: $750,000
Fully Entitled with Permits in Place: Approved permits from DOB, DDOE, and WASA are in place for immediate construction start.
Under 3 Miles From $3.8B RFK Project: The Commanders' new stadium anchors a 180-acre, $3.7–$3.8B mixed-use redevelopment nearby.
Zero Entitlement Risk, Immediate Start: All pre-development work is complete, letting a developer break ground without delay.
$1.16M in Pro Forma Revenue Potential: Projected GPR of $1,138,804 plus $23,400 in parking income across 40 units, 13 spaces.
Growing Southeast DC Rental Submarket: Households within five miles are projected to reach 314,971 by 2030, fueling rental demand.
Listing Agency:
Washington, D.C. Office
(202) 536-3714
Listed By:
Selena Alexander · License #License(s): DC: SP40001881
(202) 536-3714
Source:
Marcusmillichap
Added: Aug 16
Changed: Aug 17
Last Checked: Aug 22 at 3:45AM
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 Washington, D.C. Office
Investment Insights
Based on property information with market context.
This commercial land offering includes a fully entitled, permit-ready plan for a 40-unit elevator apartment project. The approved design calls for a four-story building with a cellar and penthouse, totaling approximately 38,500 SF and delivering 29,387 SF of rentable residential area. The planned unit mix includes 25 one-bedroom units, 12 two-bedroom units, and 3 IZ units averaging 735 SF, along with 13 parking spaces.
The 12,500 SF site is located at 1615 22nd St SE in Southeast Washington, D.C. Pre-development work has been completed, with permit issuance remaining subject to IZ fee payment. Approvals are in place from DOB, DDOE, and WASA, supporting a construction-ready development process. The property is less than three miles from the RFK Stadium redevelopment project.
The 12,500 SF site is located at 1615 22nd St SE in Southeast Washington, D.C. Pre-development work has been completed, with permit issuance remaining subject to IZ fee payment. Approvals are in place from DOB, DDOE, and WASA, supporting a construction-ready development process. The property is less than three miles from the RFK Stadium redevelopment project.
Key Highlights
- Fully entitled plan for a 40‑unit elevator apartment development
- 12,500 SF lot supporting approximately 38,500 SF of planned building area
- Approved unit mix: 25 one‑bedroom, 12 two‑bedroom, and 3 IZ units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
923
Businesses Nearby
Explore this area
Business Placement
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Fully entitled site with approved permits for a 40-unit apartment development.
Where is this commercial land located?
The property is located at 1615 22nd St SE Washington, DC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Fully entitled plan for a 40‑unit elevator apartment development; 12,500 SF lot supporting approximately 38,500 SF of planned building area; Approved unit mix: 25 one‑bedroom, 12 two‑bedroom, and 3 IZ units
