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    201 I St Washington, DC 20024

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    For Sale
    Contact for pricing

    648-unit apartment complex, SW DC

    Property size:
    546,234 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 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

    HighLights

    • 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.
    • Prime location near The Wharf, Nationals Park, Audi Field, and other amenities.
    • Walking distance to Whole Foods and numerous restaurants and retail options.
    • Breathtaking views of DC monuments and landmarks.
    Property Profile Location Intelligence

    Current Use by Public Records

    National Court Reporters Paralegal Services Provider Lawrenceville Pro Movers Mover Concrete Lot Contractor Apartment Apartment Building WW SAT LLC Tax Preparation

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    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

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    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.
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    201 I St Washington, DC 20024
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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
    201 I St Washington, DC 20024
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