$ 650,000
-
$650,000
Price -
4
Bed -
2
Bath -
2,633
SqFt
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About the Listing KWR8 - 12434,91587
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!
Listing Highlights for 2326 Nicholson St SE
Status
Active
Days on Site
123
Property Type
Residential
MLS ®
DCDC2198408
Year Built
1907
Total Square Footage
2,633
Lot/Acreage
0.1
County
Washington
Neighborhood
Anacostia
School District
District Of Columbia Public Schools
Elementary School
Orr
Middle School
Kramer
High School
Anacostia Senior
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1848
- Below Ground Sq Ft: 785
- Basement: Full
- Other: Main Floor Bedrooms: 1
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: 1 car
- Parking Spaces: 1
- Zoning: RA-2
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Garage - Rear Entry,Detached Garage,1+ Spaces
Financial Details
- Tax Amount: $3,542
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
2326 Nicholson St SE Washington, DC 20020
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