Development Opportunity Near Saint
For Sale
$525,000
2900 MARTIN LUTHER KING JR Ave SE, Washington, DC 20032
Vacant lot with plans for 20-unit apartment building.
Property SizeContact for details
Days on Market144
Property Features for 2900 MARTIN LUTHER KING JR Ave SE
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,846
Building Details
Year Built
1963
Listing Agency:
Equilibrium Realty, LLC
(202) 788-6049
Listed By:
Shanu T Okwesa · License #BR200201179
(202) 788-6049
Source:
Elliman
Added: Apr 3
Changed: Aug 8
Last Checked: Jul 15 at 9:15PM
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
Investment Insights
Based on property information with market context.
This vacant lot presents an opportunity for development of a 20-unit apartment building. Located in an Opportunity Zone, the property is situated blocks from development activity at Saint Elizabeths. Plans for the building have been developed and will convey with the sale. The plans detail a 20-unit building, with each unit containing two bedrooms. Permits are in-process and expected imminently. The location has a transit score of 75, indicating excellent transit options. The bike score is 31, indicating it is somewhat bikeable. The walk score is 30, indicating car-dependent.
Key Highlights
- Opportunity to develop a 20‑unit apartment building.
- Located in an Opportunity Zone.
- Close proximity to Saint Elizabeths development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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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 $525,000.
What are key features of this property?
This property features: Opportunity to develop a 20‑unit apartment building.; Located in an Opportunity Zone.; Close proximity to Saint Elizabeths development.
