Building Details

Year Built 1963

Listing Agency: Equilibrium Realty, LLC

Listed By: Shanu T Okwesa · License #BR200201179 Show Phone

Source: Southjerseyshorehomesfinder

Added: Apr 2 Changed: Oct 26 Last Checked: Oct 7 at 5:22PM

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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 Equilibrium Realty, LLC

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Investment Insights

Based on property information with market context.

This vacant lot presents an opportunity for development within an Opportunity Zone. Plans for a 20-unit apartment building are included with the sale. These plans detail a building consisting entirely of 2-bedroom units. Permits are currently in process and are anticipated soon. Contact the listing agent to review the plans.

Key Highlights

• Opportunity to develop a 20‑unit apartment building.
• Located in an Opportunity Zone.
• Plans for a 20‑unit building with all 2‑bedroom units are included.**

Property Analytics

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Open Analytics

Suggested Use

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

Location Intelligence

Trade Area within ½ mile

658

Businesses Nearby

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Demographics for 20032, DC

38,904

Population

19,708

Households

2

Avg Household Size

33

Median Age

23%

College-Educated

88%

High-School Grad

5.2 sq mi

ZIP Area

7,482

Density / Sq Mi

$48,146

Median Household Income

$44,487

Median Earnings

$1,285

Median Rent

$391,400

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - Vacant lot with plans for 20-unit apartment building.

Where is this residential land & home lot located?

The property is located at 2900 Martin Luther King Jr Ave SE Washington, DC.

What is the asking price?

The asking price for this property is $445,000.

What are key features of this property?

This property features: Opportunity to develop a 20‑unit apartment building.; Located in an Opportunity Zone.; Plans for a 20‑unit building with all 2‑bedroom units are included.**