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648-Unit Multifamily Community For Sale

201 I St SW, Washington, DC 20024

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For Sale

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648-unit apartment community near The Wharf, Nationals Park, and Audi Field.

Type:Multifamily

Property size:

546,234 SF

HighLights

Prime location within walking distance of major attractions like The Wharf, Nationals Park, and Audi Field, offering unparalleled access to restaurants, retail, and entertainment.
TOPA‑Clear delivery enables a quick close, avoiding typical delays and complexities.
Significant redevelopment opportunity with 910,507 buildable square feet by‑right, allowing for future repositioning or redevelopment.
Large‑scale multifamily asset consisting of 648 units in a rapidly transforming waterfront submarket.
Convenient access to transportation, including four metro stops within a one‑mile radius, National Airport, and Union Station.
Breathtaking views of DC area attractions, including the monuments and Nationals Park.

We can help!

Listing Contact

Marty Zupancic

For Sale

Contact for pricing

648-unit apartment community near The Wharf, Nationals Park, and Audi Field.

Type:Multifamily

Property size:

546,234 SF

Added:: Apr 4, 2024
Days on Market:: 803
Last Refresh:: May 12 at 10:48 pm

Property Features for 201 I St SW

General Information

Standard status: Active
Size: 546,234 SF
Property subtype: Multifamily

Building Details

Year Built: 1965

We can help!

Listing Contact

Marty Zupancic

Listing agent Marty Zupancic License #MD 631902

Listing office Marcus & Millichap - Washington, D.C.

Listing date Apr 4, 2024

Source Crexi

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.

HighLights

Prime location within walking distance of major attractions like The Wharf, Nationals Park, and Audi Field, offering unparalleled access to restaurants, retail, and entertainment.
TOPA‑Clear delivery enables a quick close, avoiding typical delays and complexities.
Significant redevelopment opportunity with 910,507 buildable square feet by‑right, allowing for future repositioning or redevelopment.
Large‑scale multifamily asset consisting of 648 units in a rapidly transforming waterfront submarket.
Convenient access to transportation, including four metro stops within a one‑mile radius, National Airport, and Union Station.
Breathtaking views of DC area attractions, including the monuments and Nationals Park.

Overview

Capitol Park Plaza & Twins is a three-property, nine-story, 648-unit apartment community. The properties are within walking distance of The Wharf, Nationals Park, Audi Field, and the Yards Development. The asset is being delivered TOPA-Clear. The properties offer views of DC area attractions, including the monuments, Nationals Park, and the Capitol. Capitol Park Plaza and Twins were initially designed by Architect Chloethiel Woodard Smith in 1959 and completed in 1965. The location provides residents access to the Southwest Waterfront and Navy Yard's restaurants, retail, nightlife, and entertainment. The area offers diverse amenities. Tenants have access to four metro stops within a one-mile radius, including Waterfront-SEU Station, Navy Yard Station, Federal Center Station, and L'Enfant Plaza Station. National Airport is an 11-minute drive, Union Station is an 8-minute drive, and Downtown Washington, DC, is a 3-minute drive. The property benefits from exposure to waterfront developments, including the Wharf, the Yards, and Buzzard Point. The property offers an investor the opportunity to acquire a multifamily asset in an area transforming into one of the premier waterfront submarkets. Capitol Park Plaza was rehabilitated in 2002 using 4% rehabilitation Low Income Housing Tax Credits (LIHTC) and was placed in service in 2004. The extended use period for Capitol Park Plaza & Twins expires in 2034, providing an investor with an opportunity to reposition, redevelop, or dispose of the asset at expiration. The property has 910,507 of buildable (FAR) square feet by-right.

Property Profile Location Intelligence

Current Use by Public Records

National Court Reporters Law Firm Lawrenceville Pro Movers Moving Company Concrete Lot General Contractor Apartment Apartment Building WW SAT LLC Accounting Firm

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Location Insight

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Local Demand

City: Washington
County: District of Columbia
State: District of Columbia
Longitude: -77.0032584
Latitude: 38.9010867

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For sale
Apartment buildings
DC
Washington
20024
201 I St SW

What type of property is this?

Apartment building - 648-unit apartment community near The Wharf, Nationals Park, and Audi Field.

Where is this apartment building located?

The property is located at 201 I St SW Washington, DC.

What are key features of this property?

This property features: Prime location within walking distance of major attractions like The Wharf, Nationals Park, and Audi Field, offering unparalleled access to restaurants, retail, and entertainment.; TOPA‑Clear delivery enables a quick close, avoiding typical delays and complexities.; Significant redevelopment opportunity with **910,507 buildable square feet by‑right**, allowing for future repositioning or redevelopment.