827 Randolph St Nw, Washington, DC 20011

$3,500,000

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List Price
$3,500,000
Days on Market
54
Status
ACTIVE
MLS#
DCDC2266260
County
Washington DC
School District
District Of Columbia Public Schools

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.

Additional Information

Taxes
$7790
School District
District Of Columbia Public Schools
Heating
Other
Heating Fuel
Other
Cooling
Central A/C
Water
Public
Sewer
Public Septic, Public Sewer

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Listing courtesy of Coldwell Banker Realty - Washington. Contact: 2025473525