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&E) or converted and sold as luxury condominiums.
The property conveys turnkey with condo-level finishes, fully furnished units (FF&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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Listing Snapshot
Price
$27,500,000
Days On Site
38 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.22 Acres
Year Built
2024
MLS® Number
DCDC2202348
Status
Active
Property Tax
$18,424
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
a month ago
Listing updated with changes from the MLS®
a month ago
Listing first seen on site
General Features
Acres
0.22
Parking
Parking Lot
Parking Spaces
9
Property Condition
New Construction
Sewer
Septic Tank
Special Circumstances
Standard
Water Source
Public
Zoning
MU-5A
Interior Features
Appliances
Gas Water Heater
Cooling
Central AirElectric
Heating
ElectricForced AirHeat Pump
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Exterior Features
Construction Details
BrickCement Siding
Community Features
Accessibility Features
Accessible Elevator Installed
School District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Schools
School District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Capital Residential Properties
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