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Multifamily Development Site
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2365 Rhode Island Ave NE, Washington, DC 20018

40-unit multifamily development site offered with DCRA-approved plans and required permits for immediate groundbreak after closing.

Property SizeContact for details
Days on Market124

Property Features for 2365 Rhode Island Ave NE

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 40
Listing Agency: Feldman Ruel
Listed By: Ian Ruel · License #DC BR200201389
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 12:23PM

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 Feldman Ruel

Investment Insights

Based on property information with market context.

This offering presents a 40-unit multifamily development site at 2365 Rhode Island Ave NE in Washington, D.C. The property is being sold with a full set of DCRA-approved plans and all permits required to break ground immediately after closing.

The site is located in the Woodridge neighborhood of Washington, D.C.

At closing, the development site will convey with the documentation necessary to proceed promptly with construction, subject to the required post-closing steps.

Key Highlights

  • 40‑unit multifamily development site at 2365 Rhode Island Avenue NE in Washington, D.C.
  • Conveys at closing with a full set of DCRA‑approved plans
  • Includes all required permits to break ground immediately after closing

Property Analytics

Current Use

World Outreach, Restoration ... Church

Suggested Use

Top Pick Law Firm Accounting Firm Computer & Electronic Repair HVAC Service Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

40
Residential units

Location Intelligence

Trade Area within ½ mile

1,022
Businesses Nearby

Demographics for 20018, DC

20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 40-unit multifamily development site offered with DCRA-approved plans and required permits for immediate groundbreak after closing.
Where is this apartment building located?
The property is located at 2365 Rhode Island Ave NE Washington, DC.
What are key features of this property?
This property features: 40‑unit multifamily development site at 2365 Rhode Island Avenue NE in Washington, D.C.; Conveys at closing with a full set of DCRA‑approved plans; Includes all required permits to break ground immediately after closing
More about this property
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