648-Unit Multifamily Community For
For Sale
Contact for pricing
Pending
201 I St SW, Washington, DC 20024
648-unit apartment community near The Wharf, Nationals Park, and Audi Field.
Property Size546,234 SF
Days on Market895
Property Features for 201 I St SW
General Information
Standard status
Pending
Size
546,234 SF
Class
B
Property subtype
Multifamily
Zoning
RA-3
Occupancy
92%
Building Details
Year Built
1965
Year Renovated
2002
Buildings
3
Stories
9
Units
648
Listing Agency:
Marcus & Millichap - Washington, D.C.
Listed By:
Marty Zupancic · License #MD 631902
(202) 536-3700
Source:
Crexi
Added: Apr 4, 2024
Changed: Sep 10
Last Checked: Sep 14 at 6:24AM
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 Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
Capitol Park Plaza & Twins is a three-property, nine-story, 648-unit apartment community. The properties are within walking distance of The Wharf, Nationals Park, Audi Field, and the Yards Development. The asset is being delivered TOPA-Clear. The properties offer views of DC area attractions, including the monuments, Nationals Park, and the Capitol. Capitol Park Plaza and Twins were initially designed by Architect Chloethiel Woodard Smith in 1959 and completed in 1965. The location provides residents access to the Southwest Waterfront and Navy Yard's restaurants, retail, nightlife, and entertainment. The area offers diverse amenities. Tenants have access to four metro stops within a one-mile radius, including Waterfront-SEU Station, Navy Yard Station, Federal Center Station, and L'Enfant Plaza Station. National Airport is an 11-minute drive, Union Station is an 8-minute drive, and Downtown Washington, DC, is a 3-minute drive. The property benefits from exposure to waterfront developments, including the Wharf, the Yards, and Buzzard Point. The property offers an investor the opportunity to acquire a multifamily asset in an area transforming into one of the premier waterfront submarkets. Capitol Park Plaza was rehabilitated in 2002 using 4% rehabilitation Low Income Housing Tax Credits (LIHTC) and was placed in service in 2004. The extended use period for Capitol Park Plaza & Twins expires in 2034, providing an investor with an opportunity to reposition, redevelop, or dispose of the asset at expiration. The property has 910,507 of buildable (FAR) square feet by-right.
Key Highlights
- Prime location within walking distance of major attractions like The Wharf, Nationals Park, and Audi Field, offering unparalleled access to restaurants, retail, and entertainment.
- TOPA‑Clear delivery enables a quick close, avoiding typical delays and complexities.
- Significant redevelopment opportunity with 910,507 buildable square feet by‑right, allowing for future repositioning or redevelopment.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,792
Businesses Nearby
Explore this area
Business Placement
Demographics for 20024, DC
15,952
Population
11,560
Households
1.4
Avg Household Size
37
Median Age
70%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
7,251
Density / Sq Mi
$102,623
Median Household Income
$94,419
Median Earnings
$2,121
Median Rent
$497,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 648-unit apartment community near The Wharf, Nationals Park, and Audi Field.
Where is this apartment building located?
The property is located at 201 I St SW Washington, DC.
What are key features of this property?
This property features: Prime location within walking distance of major attractions like The Wharf, Nationals Park, and Audi Field, offering unparalleled access to restaurants, retail, and entertainment.; TOPA‑Clear delivery enables a quick close, avoiding typical delays and complexities.; Significant redevelopment opportunity with **910,507 buildable square feet by‑right**, allowing for future repositioning or redevelopment.
