Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    201 I St Washington, DC 20024

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    648-unit apartment complex, SW DC

    Property size:
    546,234 SF

    Property Features for 201 I St

    General Information

    Property type
    Multifamily properties
    Square Feet
    546,234 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1965/2002
    Buildings
    3
    Units
    648

    We can help!

    Listing Contact
    Marty Zupancic
    Marty Zupancic

    Listing Agency: Marcus & Millichap Washington, D.C. Listing Agent: Marty Zupancic

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a three-building, nine-story apartment complex totaling 648 units. Located in Washington, DC's Southwest Waterfront, the property boasts a prime location within walking distance of The Wharf, Nationals Park, Audi Field, The Yards, and Buzzard Point. Built in 1965 and renovated in 2002, the complex offers 546,234 square feet across three buildings situated on a 303,529 square foot lot. The property features breathtaking views of DC monuments and the Capitol building. Residents enjoy convenient access to numerous restaurants, bars, cafes, retail options, and Whole Foods. The property's convenient location offers easy access to four metro stations within a one-mile radius and is a short drive from National Airport and Union Station. With a permitted RA-3 zoning and 910,587 buildable square feet by-right FAR, this property presents significant potential for future development or repositioning. The extended use period for the property's affordable housing component expires in 2034. The property's APN is 0540-0000-0109, 0540-0000-0118. Addresses include 201 I St SW, 101 G St SW, and 103 G St SW, Washington, DC 20024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    National Court Reporters Law Firm Lawrenceville Pro Movers Moving Company Concrete Lot General Contractor Apartment Apartment Building WW SAT LLC Accounting Firm

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -77.0148555
    Latitude
    38.8796943

    Nearby Similar for Sale

    • New
      $350,000
      0.07 Acres

      Established Liquor Store Business Opportunity

      Profitable liquor store with transferable license in prime location.
      4906 Wisconsin Ave NW, Washington, DC 20016
      View Details
    • New
      $799,900

      Dental Office Near Dupont Circle

      Dental office condominium near Dupont Circle with equipment included.
      1330 New Hampshire Ave NW, Washington, DC 20036
      View Details
    • $850,000
      0.03 Acres

      Park View Mixed-Use Commercial Property

      Versatile three-level commercial property in the heart of Park View.
      3328 Georgia Ave NW, Washington, DC 20010
      View Details
    • New
      $1,100,000
      2,696 SF

      Turnkey Restaurant/Bar Opportunity on Georgia Avenue

      Fully built-out restaurant/bar in vibrant Northwest DC corridor.
      5217 Georgia Ave NW, Washington, DC 20011
      View Details
    • New
      $1,550,000
      1,920 SF

      Renovated Mixed-Use Building on H Street

      Two-unit commercial building in the heart of H Street Corridor.
      521 H St NE, Washington, DC 20002
      View Details
    • New
      $1,550,000
      0.03 Acres

      Renovated Commercial Building on H Street

      Two-unit commercial building in the heart of H Street Corridor.
      521 H St NE, Washington, DC 20002
      View Details
    • $245,000

      Adams Morgan Restaurant Business Opportunity

      Profitable restaurant in high-traffic DC area, patio seating.
      2431 18Th St NW, Washington, DC 20009
      View Details
    • $138,000
      0.03 Acres

      Established Store in NE Washington

      Profitable convenience store with beer and wine license for sale.
      700 F St NE, Washington, DC 20002
      View Details
    • $890,000

      Prime Retail Space in Washington

      1,658 Sqft retail space in high-traffic Washington, DC corridor.
      3619 Georgia Ave NW, Washington, DC 20010
      View Details
    • Contact for pricing

      Commercial Space in Washington, DC

      Commercial space featuring three rooms, two baths, and a kitchen.
      1505 N Capitol St NE, Washington, DC 20002
      View Details
    • $1,750,006

      Prime Corner Location Retail/Office Space

      First floor and basement commercial space with endless possibilities.
      337 H St NE, Washington, DC 20002
      View Details
    • $250,000

      Medical Office Condo For Sale

      Medical office condo in Foggy Bottom near Washington Circle.
      3 Washington Cir NW, Washington, DC 20037
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 648-unit apartment complex, SW DC
    Where is this multifamily property located?
    The property is located at 201 I St Washington, DC.
    What are key features of this property?
    This property features: 648-unit Class B apartment building in Washington, DC's Southwest Waterfront.; 910,587 buildable square feet by-right FAR.; Transit-oriented location near multiple Metro stations.
    (202) 536-3700 Call to check price and availability
    Request Owner's contact information
    201 I St Washington, DC 20024
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    201 I St
    Washington, DC 20024
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    201 I St Washington, DC 20024
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marty Zupancic
    Marty Zupancic
    Real Estate License ID: 631902
    (202) 536-3700 (202) 536-3788
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!