Park Morton Development
For Sale
$1,249,995
650 650-652 Morton St NW, Washington, DC 20010
Expansive lot near Park Morton suitable for multi-family development.
Property Size1,960 SF
Lot Size0.15 Acres
Price / SF$637.75
Days on Market162
Property Features for 650 650-652 Morton St NW
General Information
Standard status
Active
Size
1,960 SF
Lot size
0.15 Acres
Property subtype
Multi-Family
Site & Location
Neighborhood
Pleasant Plains
Building Details
Year Built
1909
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Christopher S Burns · License #SP98371993
(301) 467-8385
Source:
Lgagne
Added: May 21
Changed: Oct 25
Last Checked: Oct 7 at 4:24PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 6,740 square foot flat lot with an existing end-of-row rowhouse offers a residential development opportunity across from the newly-built Park Morton Apartments. Zoned RA-3, the property allows moderate-density residential development, with an FAR of 3.0, a lot occupancy of 75%, and a building height allowance of up to 60 feet. The property is suitable for various development options, including nine townhouses or "2 over 2" condos, a traditional 24-unit multifamily building, or assisted and senior-living facilities. By-right development provides upwards of 25,520 total square feet (20,220 above grade + 5,055 below grade). Development above nine units is subject to additional bonuses and covenants required by the IZ+ program overlay. Massing study for a 24-unit apartment concept is available. Buyers are encouraged to perform their own due diligence with zoning attorneys, architects, and civil engineers.
Key Highlights
- Prime residential development opportunity across from newly‑built Park Morton Apartments.
- RA‑3 zoning allows for moderate‑density residential development with versatile options.
- Potential for (9) townhouses or "2 over 2" condos, a 24‑unit multifamily building, or assisted/senior living.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
5,303
Businesses Nearby
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Business Placement
Demographics for 20010, DC
32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Expansive lot near Park Morton suitable for multi-family development.
Where is this residential land & home lot located?
The property is located at 650 650-652 Morton St NW Washington, DC.
What is the asking price?
The asking price for this property is $1,249,995.
What are key features of this property?
This property features: Prime residential development opportunity across from newly‑built Park Morton Apartments.; RA‑3 zoning allows for moderate‑density residential development with versatile options.; Potential for (9) townhouses or "2 over 2" condos, a 24‑unit multifamily building, or assisted/senior living.
