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    2304 Ontario Rd Nw WASHINGTON Washington, DC 20009

    For Sale
    $7,500,000

    12-unit apartment building with development potential in Mount Pleasant.

    Lot size:
    0.04 Acres

    Property Features for 2304 Ontario Rd Nw WASHINGTON

    General Information

    Standard status
    Active
    Lot size
    0.04 Acres

    Source: RLAH @PROPERTIES Agent TOMECA M LITTLEPAGE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mount Pleasant Multifamily Development Opportunity

    This 12-unit apartment building is located in the Mount Pleasant neighborhood. The property features an undeveloped interior, presenting an opportunity for developers or investors to complete a high-end multi-family project. Approvals are in place for modern finishes and an updated design. The location is near Adams Morgan, Columbia Heights, and Rock Creek Park, situated within a strong rental market with consistent demand. Upon completion, the building has the potential for spacious units with quality finishes and walkable access to restaurants, shops, and the Metro. The building is being sold as is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Washington
    County
    District of Columbia
    State
    DC
    Longitude
    -77.0399826
    Latitude
    38.9201108

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    FAQs

    What type of property is this?
    Apartment building - 12-unit apartment building with development potential in Mount Pleasant.
    Where is this apartment building located?
    The property is located at 2304 Ontario Rd Nw WASHINGTON Washington, DC.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: - Approved plans for a high-end multi-family project with modern finishes and updated design.; - Prime location in Mount Pleasant, near Adams Morgan, Columbia Heights, and Rock Creek Park.; - Strong rental market with consistent demand.
    (301) 652-0643
    Request Owner's contact information
    2304 Ontario Rd Nw WASHINGTON Washington, DC 20009
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2304 Ontario Rd Nw WASHINGTON Washington, DC 20009
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