1324 N NORTH CAPITOL STREET NW, Washington, DC 20002

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1324 N NORTH CAPITOL STREET NW

Washington, DC 20002

FOR

SALE

$27,500,000

ACTIVE-BRIGHT

0.22

Acres

2024

Yr. Built

MLS# DCDC2202348

Cumulative Days on Market: 66 (since June 2nd, 2025) Data provided by the MLS.

Property Description

1324 North Capitol Street NW is a newly constructed 67-unit luxury multi-family building (completed in 2024) currently operating as a fully furnished, high-performing short-term rental under the Reside, a Wyndham Residence brand. The property is Zoned MU-5A and can be transferred as a fully stabilized asset or vacant. TOPA does not apply. This asset offers maximum optionality in terms of future use including continued hospitality use under Wyndham (or other Short-Term Rental operator), a traditional multi-family property, a corporate housing asset (includes all FF and E) or converted and sold as luxury condominiums. The property conveys turnkey with condo-level finishes, fully furnished units (FF and E included) and rental revenue, all of which provide a built-in cash flow. This asset is ideal for a family office investment, institutional buyers, 1031 exchange investors, and foreign capital seeking proven results in a Washington DC location, flexibility of use, and long-term upside.

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Property Highlights

Price

$27,500,000

Property Type

Commercial Sale

Property Sub Type

Five Or More Units

Living Area

0.00

Acres

0.22

Year Built

2024

Condition

Excellent

Location

County

WASHINGTON-DC

Zoning

MU-5A

Property Details

Condition

Excellent

Price

$27,500,000

Property Sub Type

Five Or More Units

Property Type

Commercial Sale

Interior Features

Accessibility Features

Elevator

Heating and Cooling

Heating Features

90% Forced Air, Energy Star Heating System, Heat Pump(s), Programmable Thermostat

Building Details

Construction

New Construction

Yes

Year Built

2024

Materials

Construction Materials

Brick, Cement Siding

Terms

Ownership

Fee Simple

Taxes

Tax

Tax (Annual)

$18,424

Heating, Cooling & Utilities

Cooling Features

Central A/C

Utilities

Sewer

Public Septic

Water Source

Public

Lot

Acres

Lot Size Area Sq Ft

9,400

Listed by Capital Residential Properties.

Listing Data last updated 08/02/2025 04:20 pm

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Property History

14 days ago

Property information last updated

61 days ago

Status Active. This is the date the listing was placed on market.

Cumulative Days on Market: 66 (since June 2nd, 2025) Data provided by the MLS.

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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information on this site was last updated 08/02/2025 04:20 pm. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of BRIGHT MLS. Real estate listings held by brokerage firms other than Douglas Elliman, may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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Listing Data last updated: 08/02/2025 04:20 pm

1324 N NORTH CAPITOL STREET NW - MLS#DCDC2202348 - $27,500,000

Listed by Capital Residential Properties

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Property Details

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Property Description

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Property Highlights

Location

Property Details

Interior Features

Interior Features

Heating and Cooling

Building Details

Construction

Materials

Terms

Terms

Taxes

Tax

Heating, Cooling & Utilities

Utilities

Lot

Property History

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