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    1919 Benning Rd Washington, DC 20002

    Sponsored
    For Sale
    $999,000

    10-Unit Apartment Building, Shovel-Ready

    Property size:
    11,216 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10-unit multifamily development opportunity is located at 1919 Benning Road NE, Washington, DC 20002. The property boasts a total square footage of 11,216, with 9,061 square feet of net rentable space. Situated on a 2,160 square foot lot (APN: 4514-0000-0810), this fully permitted project (MU-5A zoning) is truly shovel-ready, allowing for immediate groundbreaking after closing. The development plan includes ten 2-bedroom units, each featuring private outdoor space. On-site parking is also provided. This project eliminates the need for Inclusionary Zoning (IZ) units, maximizing potential rental or resale proceeds. The convenient location is within one block of multiple Metrobus and DC Streetcar stops, offering residents easy access to public transportation. The asking price for this prime investment opportunity is $999,000. This is a rare chance to bypass the often lengthy and complex entitlement process common in Washington, D.C., saving significant time and carrying costs.

    Property Features for 1919 Benning Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    11,216 SF

    Building Details

    Units
    10

    HighLights

    • Shovel‑ready 10‑unit multifamily development, fully permitted.
    • Ten 2‑bedroom units, each with private outdoor space and on‑site parking.
    • No Inclusionary Zoning (IZ) units required.
    • Excellent public transit access: one block from multiple Metrobus and DC Streetcar stops.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -76.9757599
    Latitude
    38.8984585

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    FAQs

    What type of property is this?
    Multifamily property - 10-Unit Apartment Building, Shovel-Ready
    Where is this multifamily property located?
    The property is located at 1919 Benning Rd Washington, DC.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: Shovel-ready 10-unit multifamily development, fully permitted.; Ten 2-bedroom units, each with private outdoor space and on-site parking.; No Inclusionary Zoning (IZ) units required.
    Request Owner's contact information
    1919 Benning Rd Washington, DC 20002
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    Washington, DC 20002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1919 Benning Rd Washington, DC 20002
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