256 15TH STREET SE

WASHINGTON, DC, 20003

$2,200,000

$339 per ft²
$2,200,000
$339 per ft²
Active
Active
 - For Sale
carpenters-square
6,487 ft²
property_type
Multi-family
calendar
Built 2022
**Brand new construction** Only 5-Units Remain + Rooftop Decks + 2 parking. Condo Conversion project in Capitol Hill East. Buy individually or All 5 Units (B1, #4, #5, #6, #PH7 + parking). Units B2, #3, and PH8 are under contract. Note: PH7 is Available (with Rooftop Deck - 3BR/3BA 2 Level Units, 1 parking) Neighborhood: Capitol Hill East TOPA FREE 256 15th Street SE will be delivered unoccupied following the completion of brand-new construction. Due to its vacancy status the transaction will not be subject to the Tenant Opportunity to Purchase Act (TOPA) and the inefficiencies the Act imposes on closing times for 1031’s, construction planning and financing timelines. NO RENT CONTROL Being that the building is brand new construction, this asset will not be subject to D.C.’s rent control laws and ownership will effectively be able to adjust their rents to the market with ease. BRAND-NEW CONSTRUCTION Upon the delivery of the building, new ownership can expect only the highest quality of finishes in every apartment. From all-white quartz counter tops, brand new appliances, and two-level three-bedroom units, this asset will be one of the most desirable places to live in the entire area. Ownership can also expect their expense exposure to be extremely limited, with all utilities separately metered (aside from water). STRENGTH OF RENTAL & FOR-SALE MARKET Capitol Hill continues to be one of Washington, D.C.’s most desirable neighborhoods to rent or own an apartment with demand outpacing supply. Asking rents for newly delivered properties have surpassed $4 per square foot while for-sale product is achieving pricing nearing $1,000 per square foot. EASE OF TRANSPORTATION 256 15th Street SE has an “Excellent” Transit Score and is considered a “Biker’s Paradise” with a Bike Score of 93. The Property is a short walk to a number of Metrobus stops, and is just a nine-minute walk from the Blue, Orange, and Silver line metro stops, providing direct access to areas of D.C. and Northern Virginia, making this an ideal location for all working professionals that wish to live in a premier area of D.C.
MLS® ID:
DCDC2072476
Updated:
2/1/23

Interior Features

Kitchen Appliances
Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer - Electric, Energy Efficient Appliances, ENERGY STAR Refrigerator, Microwave, Refrigerator, Washer, Washer/Dryer Stacked
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Combination Kitchen/Dining, Floor Plan - Open, Kitchen - Galley
Cooling
Central A/C
Heating
Heat Pump(s)

Exterior/Building Features

Lot Size
1,733 ft² lot
Exterior Features
Above Grade, Below Grade
Architectural Style
Traditional
Roof
Other
Sewer
Public Sewer

School Information

School District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High School
EASTERN SENIOR
Middle/Jr High
ELIOT-HINE
Elementary School
PAYNE

Other Property Details

Taxes
$5822.00
Tax Frequency
per YEAR
Garage
No
Parking
Assigned
View
N
County
WASHINGTON
Utilities
Cable TV Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Source
Public
Pool
No
Total Stories
4
Zoning
MU-4
Sub Agency Compensation
3
Buyer Agency Compensation
3

Property History

Date
Event
Price
Value
1/15/23
Price Change
$2,200,000
-12%
12/31/22
Price Change
$2,500,000
-28%

Courtesy of Green Logic, Inc, Nadeem Malik

Listing Contact:  

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Data last updated 9:32 AM UTC, 2/1/23

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