2823 Gainesville St Se, Washington, DC 20020

Listing agent MICHAEL A HINES License #SP98365254

Listing office EXP REALTY, LLC m***@hinesrealestateadvisory.com Show Phone

Listing date Sep 12, 2025

Source Corcoran

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Overview

This is a fully approved and permitted site ready for the construction of a 12-unit building. The site is suitable for either market-rate units, estimated at $4.4 million with a 6.5% cap rate, or Housing Choice Voucher executions, valued at $4.6 million with a 6.5% cap rate. Comprehensive data, pre-construction estimates, and a list of general contractors familiar with the plans and site are available.

Map

City

Washington

County

District of Columbia

State

District of Columbia

Longitude

-76.9683

Latitude

38.855

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FAQs

What type of property is this?

Commercial land - Fully approved and permitted site for a 12-unit building.

Where is this commercial land located?

The property is located at 2823 Gainesville St Se Washington, DC.

What is the asking price?

The asking price for this property is $849,900.

What are key features of this property?

This property features: Fully approved and permitted site for a 12‑unit building.; Proforma available for both market rate and Housing Choice Voucher executions.; Market rate valuation at 4.4 million at a 6.5% cap rate.