$999,000

2,368

square ft

1938 I Street Ne

Washington, District Of Columbia 20002

Active / MLS #DCDC2193932 / Multiple Unit (2-4) / Carver / Langston

Listing information updated 4/4/2025 at 3:21pm

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.

Full Features

Architecture Style:

Federal,Mid-Century Modern,Contemporary,Colonial

Cooling System:

Central A/C

Heating System:

Hot Water

Pool:

Age:

83 Years

Water Front:

Square Feet:

2,368

Lot Size:

2432.00 Square Feet

Acreage:

0.06

Taxes & Assessments

Tax Amount:

$6,581

Tax Year:

2023

Location

Zip Code:

20002

City:

Washington

County:

Washington

Schools

School District(s):

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Full Features Taxes & Assessments Location Schools

Architecture Style:

Federal,Mid-Century Modern,Contemporary,Colonial

Cooling System:

Central A/C

Heating System:

Hot Water

Pool:

Age:

83 Years

Water Front:

Square Feet:

2,368

Lot Size:

2432.00 Square Feet

Acreage:

0.06

Listing Office: EXP Realty, LLC

Listing Office Phone: 833.335.7433

Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 Bright MLS, Inc.