201 I St SW Washington, DC 20024
648-unit apartment community near The Wharf, Nationals Park, and Audi Field.
Type:Multifamily
Property size:
546,234 SF- Added:
- Apr 4, 2024
- Days on Market:
- 750
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 201 I St SW
General Information
- Standard status
- Active
- Size
- 546,234 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1965
Listing agent Ryan Murray License #0225251726
Listing office Marcus & Millichap - Washington, D.C.
Listing date Apr 4, 2024
Source Crexi
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.
Overview
648-Unit Multifamily Community For Sale
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.
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
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -77.0032584
- Latitude
- 38.9010867
Nearby Similar for Sale
FAQs
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.
