About 1324 N North Capitol St Nw
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.
Features of 1324 N North Capitol St Nw
| MLS® # | DCDC2202348 |
|---|---|
| Price | $27,500,000 |
| Bathrooms | 0.00 |
| Square Footage | 41,000 |
| Acres | 0.22 |
| Year Built | 2024 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Active |
Community Information
| Address | 1324 N North Capitol St Nw |
|---|---|
| City | WASHINGTON |
| County | WASHINGTON-DC |
| State | DC |
| Zip Code | 20002 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Heat Pump(s), Energy Star Heating System, 90% Forced Air, Programmable Thermostat |
|---|---|
| Cooling | Central A/C |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Brick and Siding |
|---|
School Information
| District | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | June 2nd, 2025 |
|---|---|
| Days on Market | 42 |
| Zoning | MU-5A |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Capital Residential Properties |
|---|