1647 Lamont St Washington, DC 20010

Exceptional redevelopment opportunity awaits at 1647 Lamont Street NW, a vacant 17,940 square foot multifamily building in Washington, D.C.'s desirable Mount Pleasant neighborhood. This fee-simple property, boasting 16 units across three stories, presents a unique chance to capitalize on the area's robust growth. Currently in shell condition, the building is zoned RA-2, permitting a wide range of medium-density residential developments. The 5,475 square foot lot offers ample space for a gut renovation, maximizing potential rental income. Located just steps from the Columbia Heights Metro and the vibrant Mount Pleasant retail corridor, this property benefits from a 98 Walk Score and excellent public transportation access via nearby bus lines providing direct routes to Silver Spring and downtown D.C. The average household income in the area exceeds $174,000, ensuring strong rental demand and significant appreciation potential. Furthermore, this property is exempt from D.C.'s rent control regulations and the Tenant Opportunity to Purchase Act (TOPA), streamlining the redevelopment process and maximizing returns. The asking price is $3,100,000, translating to $172.80 per square foot. This is a rare chance to acquire a substantial property in a rapidly appreciating market, offering significant long-term investment value. The building was constructed in 1910 and the APN is 2608-0000-0638.