1919 Benning NE Rd Washington, DC 20002-4723

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.