2326 NICHOLSON ST SE Coming Soon Save Request In-Person Tour Request Virtual Tour
Washington,DC 20020
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,633 sqft
Price per Sqft $284
Subdivision Anacostia
MLS Listing ID DCDC2198408
Style Tudor
Bedrooms 4
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 1,848
Originating Board BRIGHT
Year Built 1907
Available Date 2025-05-14
Annual Tax Amount $3,542
Tax Year 2024
Lot Size 4,500 Sqft
Acres 0.1
Property Sub-Type Detached
Property Description
PRIME DEVELOPMENT OPPORTUNITY! Just 2 miles south of the recently announced $2.7 billion redevelopment of the 180 acre RFK campus, this unassuming tear down single family home carries the coveted RA-2 (Residential Apartment) zoning that touts a 1.8 floor area ratio that would potentially allow this 4,500 SF (30'x150') rectangular lot to support 8,100 SF (4,500 x 1.8) of residential development that includes a 50-feet height restriction (4 floors @ 2,025 SF per floor) not including a rooftop deck structure. Ideally situated just one block off of Pennsylvania Avenue, it's after repair value could easily exceed $3M (e.g. (8) - 1,000 SF 2BR, 2BA condos at $400K each = $3.2M) and is supported by recent sales across the street where the 968 SF 2305 Nicholson St SE #205 2BR 2BA condo sold for $460K in February this year. Location just far away enough from the hustle and bustle of the new RFK development but close enough proximity for maximum appreciation potential!
Location
State DC
County Washington
Zoning RA-2
Rooms
Basement Full
Main Level Bedrooms 1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Exterior Feature Porch(es)
Parking Features Garage - Rear Entry
Garage Spaces 1.0
Water Access N
Accessibility None
Porch Porch(es)
Total Parking Spaces 1
Garage Y
Building
Story 2
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Tudor
Level or Stories 2
Additional Building Above Grade,Below Grade
New Construction N
Schools
Elementary Schools Orr
Middle Schools Kramer
High Schools Anacostia Senior
School District District Of Columbia Public Schools
Others
Senior Community No
Tax ID 5560//0006
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard