1938 I St NE Washington, DC 20002
Langston NeighborhoodEstimated payment $6,124/month
Total Views
15,583
--
Bed
--
Bath
2,368
Sq Ft
$422
Price per Sq Ft
Highlights
- Popular Property
- Midcentury Modern Architecture
- Central Air
- Newly Remodeled
- More Than Two Accessible Exits
- Hot Water Heating System
About This Home
Discover a prime condo conversion development opportunity in NE DC, strategically positioned near the vibrant H Street corridor. This VACANT (NO TOPA) 4-unit multi-family building comes ready for transformation, with Approved Plans and a recently issued Building Permit to construct 10 luxury condo units spanning a cellar, four floors, and a penthouse (PH) level. Additionally, the property includes two dedicated parking spaces.
The development is designed to attract discerning buyers and investors, featuring:
Two expansive three-bedroom penthouse units, each spread over the 4th floor and penthouse level.
Six thoughtfully designed two-bedroom units.
Two stylish one-bedroom units.
With a projected construction cost estimated between $1.2M - $1.5M, this development offers a potential sales range from $3.4M - $3.9M. The anticipated ARV is based on $580/sqft to $670/sqft, ensuring a strong return on investment. The total gross area for the 10 units is 7,414 sqft, with a net living space of 5,862 sqft.
Plans have been meticulously prepared by 2Plys Architecture, a firm renowned for their expertise in multifamily condo conversions in DC. This project is truly shovel-ready with all plans and permits in place, making it an exceptional opportunity for developers looking to make an immediate impact in one of DC’s most desirable locations.
Act now to seize this turn-key development opportunity and position yourself for impressive returns in the dynamic NE DC market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,581
Year Built
- Built in 1942 | Newly Remodeled
Lot Details
- 2,432 Sq Ft Lot
- Property is in excellent condition
Parking
- On-Street Parking
Home Design
- 2,368 Sq Ft Home
- Quadruplex
- Midcentury Modern Architecture
- Colonial Architecture
- Federal Architecture
- Contemporary Architecture
- Brick Exterior Construction
- Concrete Perimeter Foundation
Accessible Home Design
- More Than Two Accessible Exits
Utilities
- Central Air
- Hot Water Heating System
- Electric Water Heater
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 4477//0022
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/04/2025 04/04/25 | For Sale | $999,000 | -16.7% | $422 / Sq Ft |
| 03/19/2025 03/19/25 | Price Changed | $1,199,999 | -7.7% | $507 / Sq Ft |
| 03/19/2025 03/19/25 | For Sale | $1,299,999 | 0.0% | $549 / Sq Ft |
| 11/29/2024 11/29/24 | Off Market | $1,299,999 | -- | -- |
| 11/08/2024 11/08/24 | For Sale | $1,299,999 | +282.4% | $549 / Sq Ft |
| 01/30/2014 01/30/14 | Sold | $340,000 | +1.2% | $144 / Sq Ft |
| 08/31/2013 08/31/13 | Pending | -- | -- | -- |
| 03/26/2013 03/26/13 | For Sale | $336,000 | -- | $142 / Sq Ft |
Source: Bright MLS
About the Listing Agent
Nicola Taylor is committed to delivering a 5-star luxury real estate experience to accommodate her clients' unique needs. Nicola’s interior design background, investment property renovation, and project management allow her to find exceptional properties in the high-end luxury real estate market for her clients.
Nicola proudly serves the following realty areas. Potomac, Chevy Chase, Bethesda and Rockville, Maryland.Great Falls, Alexandria and McLean, Virginia. Georgetown, Washington DC.
Nicola's Other Listings
Source: Bright MLS
MLS Number: DCDC2193932
APN: 4477 0022
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