REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Yasemin Hocaoglu • Coldwell Banker Realty - Washington
$ 3,500,000
Est. payment | /mo
$ 3,500,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DCDC2266260
Annual Tax Amount $7,790
Tax Year 2022
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Rare opportunity to acquire a partially completed multifamily development in one of Washington, DC's most sought-after neighborhoods. This 14-unit condominium project offers investors and developers the chance to step into an advanced-stage development with significant construction already completed, reducing both timeline and execution risk.
Framing and roofing have been completed, allowing a new owner to focus on the remaining construction phases and accelerate the path to completion and sale. With much of the heavy structural work already in place, this project presents a compelling value-add opportunity for developers seeking to deploy capital efficiently.
Investment Highlights
14-unit condominium development
Framing completed
Roofing completed
Significant construction progress already achieved
Opportunity to complete and deliver a high-demand residential product
Located in the thriving Petworth neighborhood
Close proximity to Metro, retail, restaurants, and major commuter routes
Strong demand for new residential housing in Northwest DC
Potential for attractive returns through unit sales or long-term hold strategy
The Opportunity
For investors and developers looking to acquire a project beyond the entitlement and early construction stages, 827-829 Randolph Street NW offers a unique opportunity to take over and complete a well-positioned development. By acquiring a project with the structural shell already underway, buyers can save valuable time and focus on bringing the vision to market.
Situated in the heart of Petworth, one of DC's most established and rapidly appreciating neighborhoods, this asset combines location, scale, and existing construction progress to create an exceptional investment opportunity.
Development package, plans, permits, and additional project details available upon request.
Serious investor and developer inquiries only.
Framing and roofing have been completed, allowing a new owner to focus on the remaining construction phases and accelerate the path to completion and sale. With much of the heavy structural work already in place, this project presents a compelling value-add opportunity for developers seeking to deploy capital efficiently.
Investment Highlights
14-unit condominium development
Framing completed
Roofing completed
Significant construction progress already achieved
Opportunity to complete and deliver a high-demand residential product
Located in the thriving Petworth neighborhood
Close proximity to Metro, retail, restaurants, and major commuter routes
Strong demand for new residential housing in Northwest DC
Potential for attractive returns through unit sales or long-term hold strategy
The Opportunity
For investors and developers looking to acquire a project beyond the entitlement and early construction stages, 827-829 Randolph Street NW offers a unique opportunity to take over and complete a well-positioned development. By acquiring a project with the structural shell already underway, buyers can save valuable time and focus on bringing the vision to market.
Situated in the heart of Petworth, one of DC's most established and rapidly appreciating neighborhoods, this asset combines location, scale, and existing construction progress to create an exceptional investment opportunity.
Development package, plans, permits, and additional project details available upon request.
Serious investor and developer inquiries only.
Location
State DC
County Washington
Zoning 4
Interior
Hot Water Other
Heating Other
Cooling Central A/C
Heat Source Other
Exterior
Water Access N
Accessibility 2+ Access Exits, 32\"+ wide Doors
Garage N
Building
Sewer Public Septic, Public Sewer
Water Public
New Construction Y
Schools
School District District Of Columbia Public Schools
Others
Tax ID 3027//0039
Ownership Condominium
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
rakan.a@firststatehometeam.com
1521 Concord Pike, Suite 102, Wilmington, DE, 19803, United States