$600,000
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2326 Nicholson Street SE Washington, DC 20020
Single Family-Detached
Residence
4
Beds
2
Baths
...
Bed/Bath
2,633
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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PRIME DEVELOPMENT OPPORTUNITY! Just 2 miles south of the recently announced $2.7 billion redevelopment of the 180 acre RFK campus, this unassuming tear down single family home carries the coveted RA-2 (Residential Apartment) zoning that touts a 1.8 floor area ratio that would potentially allow this ...4,500 SF (30’x150’) rectangular lot to support 8,100 SF (4,500 x 1.8) of residential development that includes a 50-feet height restriction (4 floors @ 2,025 SF per floor) not including a rooftop deck structure. Ideally situated just one block off of Pennsylvania Avenue, it’s after repair value could easily exceed $3M (e.g. (8) - 1,000 SF 2BR, 2BA condos at $400K each = $3.2M) and is supported by recent sales across the street where the 968 SF 2305 Nicholson St SE #205 2BR 2BA condo sold for $460K in February this year. Location just far away enough from the hustle and bustle of the new RFK development but close enough proximity for maximum appreciation potential!
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MLS#
DCDC2198408
Property Type
Single Family-Detached
Bedrooms
4
Bathrooms
2 Full
Year Built
1907
Square Feet
2,633
sq. ft
Price per Sq. Ft.
$324.68
Lot Size
0.1
Stories
2.0
Sewer
Public Sewer
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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