Active

1361 Florida Ave NE

Washington DC, 20002

$1,199,999


$609.76 per sqft

Active

3 Beds

2 Baths

1,968 sqft

Townhomes

Built in 1921

Shovel Ready, Prime Development Opportunity: 1361 Florida Ave NE, Washington, DC 20002

Seize the chance to acquire a fully permitted and shovel-ready 7-unit apartment development project in the vibrant Trinidad neighborhood. Priced at $1.2 million, this property comes with approved plans, allowing developers to commence construction promptly.

Property Highlights:

- Address: 1361 Florida Ave NE, Washington, DC 20002

- Zoning: Commercial

- Approved Development: 7 residential units

- Projected Unit Sale Prices: $400,000 to $550,000 per unit

Location Advantages:

Situated in the heart of Trinidad, this property offers unparalleled access to Washington, D.C's dynamic urban lifestyle. Residents will benefit from proximity to:

- Transportation: Multiple bus routes and easy access to major thoroughfares

- Amenities: A diverse array of dining, shopping, and entertainment options

- Recreation: Nearby parks and cultural attractions

Investment Potential:

The Trinidad neighborhood has experienced significant appreciation, with comparable units selling within the projected price range. This development promises a substantial return on investment, capitalizing on the area's growth and demand for quality housing.

Next Steps:

With plans and permits in place, this project is primed for immediate development. Developers can expedite the construction process, meeting the market's demand efficiently.

Don't miss this exceptional opportunity to invest in one of Washington, D.C's most promising neighborhoods. For detailed plans, and financial projections, or to schedule a site visit, please contact us.

DCDC2184908

MLS ID

February 11, 2025

Listed

February 28, 2025

Updated

Interior Features

Total Stories

3


Bedrooms

3


Total Bathrooms

2


Full Bathrooms

1


Half Bathrooms

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Natural Gas


Basement

Yes

Exterior/Building Features

Lot Size

0.04 Acres


Architectural Style

Victorian


Sewer

Public Sewer

School Information

School District

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Other Property Details

Taxes

$14,054


Tax Frequency

Annually


Days on Market

1


Garage

No


View

No


County

WASHINGTON


Water Source

Public

Listed by Keller Williams Capital Properties
Listing Contact: 7039879112 

The IDX display contains information sourced from the Bright MLS, Inc. as of 2/28/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/28/2025 at 7:57 PM UTC

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