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1716 Rhode Island AveWashington, DC 20018

33-unit apartment building, shovel-ready.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 0.17-acre development site, located at 1716 Rhode Island Ave NE in Washington, DC's Brookland submarket, presents a unique opportunity for investors. Zoned MU-4, the property comes with approved plans for a five-story, 33-unit multifamily building. The building design includes a mix of 18 one-bedroom and 15 two-bedroom units, catering to a diverse range of renters. Its prime location on heavily trafficked Rhode Island Ave NE, within a vibrant and rapidly developing neighborhood, ensures high visibility and strong rental demand. The shovel-ready status of this project minimizes pre-construction delays and allows for a swift commencement of construction. This is an ideal investment for developers seeking a well-positioned, high-potential multifamily project in the thriving District of Columbia. The site's 0.17-acre lot size provides ample space for the planned development, and its proximity to numerous ongoing development projects further enhances its desirability. This opportunity offers a compelling combination of location, approved plans, and immediate development potential, making it a highly attractive investment prospect in a sought-after area of Washington, DC. The property is situated in Columbia County, with a zip code of 20018.

Property Details for 1716 Rhode Island Ave

Property type
Apartment buildings
Stories
5
Lot Size (sq. ft)
7,405 SF
Units
33

Location Insight

City
Washington
County
Columbia
State
District of Columbia
Latitude
38.9275077
Longitude
-76.9800642
1716 Rhode Island Ave, Washington, District of Columbia

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1716 Rhode Island Ave
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